At Switch Accountants, we offer a range of expert accounting services. Our proven techniques are designed to help develop your business, leading in turn to business growth and success.

We have summarised below some of the services we offer to our clients. But really, we don’t believe in off-the-shelf accounting. Every business is different. So before offering services, we learn about a business This means that we can determine your business’s specific needs. From this, we develop tailor-made solutions for your business. That’s what makes us different.

Business Health Check – Free

We know that finances and accounting can be confusing. Clients often tell us that they know that they have problems or limitations, but don’t know (1) the root cause and (2) what to do about it. That’s why we provide a free business health check to anybody who’s serious about moving their business forward. This is a self-complete form that takes about 15-minutes to do and the results will determine your strengths and weaknesses – and more importantly, what to do to resolve them. We can e-mail or post the health check to you, simply call 0191 378 0308 or e-mail us to request a free copy.

Accounts Preparation

We prepare year-end accounts and associated returns for limited companies, partnerships and sole-traders, including self-assessment, VAT and corporation tax returns. Obviously we ensure compliance with the many and varied regulations – but our services go much beyond this. We understand that, from your business, you want to maximise profits while ensuring long-term sustainability. Using our expert knowledge, our skilled team will do exactly that.

Budgeting & Forecasting

Good accounting starts with budgeting and forecasting. But we know this often confuses clients – who often know the importance of budgets and forecasts, but don’t know quite how to do it for their business. So we provide practical solutions. We don’t confuse our clients with questions about whether they prefer activity-based accounting or whole-based costing. Instead, we take time to understand your business, your needs and your goals – and produce a budget in language that you understand and that you can put to practical use. We also provide easy-to-use budget management tools – meaning you know exactly where you are up to with the budget at any one time.

Sales Analysis (leading to Profit and Loss reports)

We are often surprised to learn how many businesses simply don’t have accurate and up-to-date sales figures; which tell them the breakdown of sales across their product range. Fewer still actually know their margins – basically, taking into account production and operating costs, how much profit you make in real terms per sale. Every successful business should have accurate sales reports. We can produce easy-to-understand sales figures for your business – in a format and at a regularity to suit you. Meaning you know what is selling and what isn’t – and more importantly, the profit each product or service line is making.

Cash Flow Support

It was once said that happiness is a positive cash flow. And it’s true – cash is still king. And we know that to our clients, cash flow is one of their biggest worries. We help our clients by not only quickly determining the cash flow situation, but by putting proven systems into place that improve the situation. While we can help a business that’s already in trouble, we fundamentally believe that prevention is better than cure in the long-term. For this reason, we can implement cash flow systems to reduce as much as is possible the potential for cash flow issues.

Credit Control

You’ve provided the product or service, the customer is happy but your invoice remains outstanding, past its due date. Most businesses will recognise this situation. If this is a regular problem for your business, we can help you. There are a lot of tricks of the trade to credit control, which is just as well, as our team have many years’ experience of acquiring speedy remittance.

Performance Management

Every business should have key performance indicators – which are measures that determine the success or failure of a particular business objective. We need to regularly review our performance against our objectives. All good managers need this information: if you do not know what is and is not working, how can you develop your business? However, few businesses know how to set up or use performance indicators. We can help you with this – we can determine which indicators to use for your individual business and set up a performance management system. From this, we will produce weekly, monthly, quarterly or yearly reports in plain language – telling you exactly how your business is performing.

Service Profitability Analysis

Our some of your customers costing you money? You might be surprised to learn that a recent study by Harvard Business School found that 15% of all customers are unprofitable. Moreover, around 20% of customers are responsible for most of a company’s profits. So, how do you determine your most and least profitable activities? And more importantly, what do you do with the results? Our Service Profitability Analysis will establish your product line profitability and provide bespoke workable solutions to improve profits.

How Can We Help You?

To discuss your needs and how we can help to move your business forward, call one of the team on 0191 378 0308 for an informal chat or e-mail us.