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As a Hertfordshire based company, with provide accountancy services and accountants to eh Harpenden area. Our accountants provide a full range of accountant unctions, from payroll to capital gains tax and more.

Want to know more about Harpenden? Here is some information from wikipedia:

“There are two civil parishes: Harpenden and Harpenden Rural. Harpenden railway station is on a frequent and fast rail link to central London now served by First Capital Connect, having been served previously by Thameslink. Some trains stop at ‘all stations’ on the route, others stop at St Albans before continuing non-stop to London St Pancras International (Harpenden to St Pancras International - 25 minutes). Trains run north to Luton and on to Bedford. From London, the trains continue south to Brighton via Gatwick, Sevenoaks or Wimbledon and Sutton. The rail link therefore gives direct access to London Luton Airport (one stop north) and London Gatwick Airport (approx 1hr 10 m on a limited stops train).” Source wikipedia

Accountants Harpenden

Are you based in Berkhamsted and require an accountant? We can help. We always find in best dealing with local companies, as it just makes meeting up and providing a great accountancy service easier.

Want to know more about Berkhamsted? Here is some information from wikipedia:

“Berkhamsted (pronounced /ˈbɝːkəmstɛd/) is a historic town which is situated in the west of Hertfordshire, between the towns of Tring and Hemel Hempstead. It’s council is a Town Council within the administrative district (and borough since 1984) of Dacorum.

The name of the town has been spelt in a variety of ways over the years, and the present spelling was adopted in 1937. Earlier spellings included Berkhampstead, Muche Barkhamstede, Berkhamsted Magna, Great Berkhamsted and Berkhamstead. The earliest recorded form of the name is the Old English Beorhoanstadde.[4] Historian Percy Birtchnell identified over 50 different spellings and epithets since the Domesday Book. It is believed the original refers to homestead amongst the hills (Saxon - bergs). The town is known locally and affectionately as “Berko”.”Source wikipedia

Accountants Berkhamsted

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A balance sheet is a quick picture of the financial condition of a business at a specific period in time. The activities of a business fall into two separate groups that are reported by an accountant. They are profit-making activities, which includes sales and expenses. This can also be referred to as operating activities. There are also financing and investing activities that include securing money from debt and equity sources of capital, returning capital to these sources, making distributions from profit to the owners, making investments in assets and eventually disposing of the assets.

Profit making activities are reported in the income statement; financing and investing activities are found in the statement of cash flows. In other words, two different financial statements are prepared for the two different types of transactions. The statement of cash flows also reports the cash increase or decrease from profit during the year as opposed to the amount of profit that is reported in the income statement.

The balance sheet is different from the income and cash flow statements which report, as it says, income of cash and outgoing cash. The balance sheet represents the balances, or amounts, or a company’s assets, liabilities and owners’ equity at an instant in time. The word balance has different meanings at different times. As it’s used in the term balance sheet, it refers to the balance of the two opposite sides of a business, total assets on one side and total liabilities on the other. However, the balance of an account, such as the asset, liability, revenue and expense accounts, refers to the amount in the account after recording increases and decreases in the account, just like the balance in your checking account. Accountants can prepare a balance sheet any time that a manager requests it. But they’re generally prepared at the end of each month, quarter and year. It’s always prepared at the close of business on the last day of the profit period.

Personal checks are those written by individuals, as opposed to companies, and are connected to the individual’s checking account. With the convenience of the debit cards people today have stopped using their personal checks and use the debit card in its place. There are a few people that are hard to convince, but they will soon have to face the fact that checks are out.

Check writing and banking is now governed by the Uniform Commercial Code and the person issuing the check is held to certain standards. The most important standard being that the funds should be there when the check is cashed or deposited. Electronic checks can instantly tell the seller if there are funds to cover the check.