The preparation of Accounts for financial and taxation purposes and also for management information is essential for every business.

The Sole Trader, the Partnership, the Limited Company all need to know how much they are selling, how much they are spending and how much profit they are making. When business is booming this is important. When business isn’t – it is vital.

We all need to identify where we are spending too much and why. Where we can increase our Sales and by how much.

The basic Statement of Profit will give this information. The Trading and Profit and Loss Account even more and coupled with a Balance Sheet will give us the tools to answer those difficult questions and show us the way forward.