Accounts
We are a full-service professional accountancy firm providing compliance and advisory services to small businesses and their owners. As a small business ourselves, we understand the challenges that you face on a daily basis.
We understand all forms of businesses
We are a full-service professional accountancy firm providing compliance and advisory services to large, medium and small businesses and their owners. As a business ourselves, we understand the challenges that you face on a daily basis.
Whilst annual accounts may be required to meet your business’ statutory obligations, if they are prepared in a timely, insightful and economical way, they can also provide valuable information for your decision making.
We actively manage the timing of the accounts production process to ensure that you meet your statutory responsibilities and through this information, take advantage of early tax planning opportunities. Accountancy Services Include:
- Annual Accounts
- Company Financial Accounts
- Management Accounts
- Cash Flow forecasts
IFRS Reporting
Teim & Associates considers quality financial reporting of an international standard, crucial to the business community and other stakeholders. We assist our clients in their day to day record keeping and reporting in accordance with the IFRS. We provide implementation support for International Financial Reporting Standards (IFRS). This support covers both IFRS and IFRS for SMEs.
IFRS for SMEs applies to:
- Any entity that does not have public accountability
- Securities not publicly traded
- Not a financial institution
- And is required or chooses to produce General Purpose Financial Statements (GPFS)
Business planning and forecasts
Every business should plan ahead to ensure success but daily business pressures often get in the way. Financial forecasts are a crucial part of any business plan, particularly if you need to raise finance to fund growth or an acquisition. You may also need to prepare an annual budget to enable you set targets and monitor performance. We can create financial forecasts and budgets on your behalf – ensuring that they are realistic and robust.
Credit Control Management
Are you funding your customers’ businesses unnecessarily? We have a professionally qualified credit control team. Thanks to our relationship with our associate solicitors, we can follow a debt through from start to finish and include:
- Invoicing
- Credit Control management
- Credit Collection