If you started a creative agency, we're willing to bet that you didn't do it with the dream of wading through payment runs for suppliers or chasing them up for payment. You probably didn't envisage just how time-consuming planning your cash-flow is when you first set-up your consultancy business. And let's not even talk about that mountain of receipts on your desk that need expensing…
That's where our Magicians can help you. Our team of bookkeepers have years of experience helping creative services agencies focus on what they do best and take care of all of the day-to-day nitty-gritty of finance. They are all fully qualified and work with all the main accounting systems, including Xero and QuickBooks.
We can provide an efficient and cost-effective way to keep on top of your bookkeeping and financial records to cover the following important stuff for you.
We will make sure your bank account postings are up to date and receipts are chased and reconciled in a timely manner and archived correctly.
We will make sure your clients pay on time to the best of our ability! We regularly monitor outstanding debts and chase them for you to ensure that you don't have aged debtors - people who've been owing you money for too long!
Our team know how to make the most of digital bookkeeping solutions including QuickBooks and Xero. So, all you'll need to do is send us your paperwork and receipts through smartphone apps, like Dext, and we'll do the rest.
We'll make sure that VAT on all purchases and sales invoices is recorded correctly, and that VAT returns are submitted on or before deadline to ensure that you don't incur additional charges or pay more than you should.
We look after your sales invoices to your clients, ensuring they're correctly posted to your finance system, so that you have an accurate view of your most lucrative clients, as and when you need it.
We can manage invoices from your suppliers, recording those transactions correctly in your accountancy system so that you can understand not just how much you’re spending with specific suppliers, but how much you're spending on the type of services they're providing you - software subscriptions, courier fees, freelancers, recruitment costs, etc... We can also manage payment run schedules for you, so that you're in control of who you pay and when.
Our Magicians will then record all your business’s transactions and give you 24/7 access. When you pair our bookkeeping with our management accounts service, you'll get a regular pack of all the financial information you need about your business, and advice to help you understand it, and to help you manage your agency's finances.
Our bookkeepers have years of experience of working with creative services firms, and many of them have worked agency-side as well and in accountancy practices or in-house finance teams. So they know what it takes to provide an efficient and cost effective way to keep on top of your bookkeeping and financial records at a busy agency.
