Preparation of Monthly and Annual Accounts

Based on your bookkeeping records we will prepare monthly, annual and statutory accounts which will form the foundation of your tax return. We offer all statutory and non-statutory accounting services.These include preparation and submission of:

  • Statutory year-end/annual accounts to HMRC (for sole-traders and partnerships)
  • Abbreviated accounts to Companies House
  • Financial statements in IFRS or UK GAAP
  • Management accounts (monthly, quarterly or half-yearly)

Carrying out stock stakes

ACMI accounting solution undertake business transfer and stocktaking services throughout the island. We perform inventories, stock audits, business transfers and inventory services for a wide range of national and local businesses. We specialize in retail, warehouse and wholesale stocktaking. As a nationwide network, we provide stocktaking and inventory services to all areas of the island.


Accounts backlog clearing

ACMI accounting solution services division is a dynamic team of experienced Accounts professionals with the right competencies and skills to complete your all accounts backlog. Our professionals have an in depth understanding of local regulation, accounting standards and financial processes. We use a structured quality process which protects our client' s privacy through strong confidentiality policies and practices.


Internal Audits

It's a known fact that most businesses collapse due to not having a sound internal control system which allows the management to run business activities smoothly. This line of service is provided to the business organization with the intention of reporting to the management about weaknesses in the internal control system of the entity. We perform a thorough study of the internal control system of the entity and the management is communicated about the noted weakness together with recommendations in order to rectify the same.


Accounting staff on secondment

Our staff are your staff - secondments into your business

If you have a temporary need for additional resource, we can help by providing skilled accounting staff. Individuals are provided on a flexible basis, often working on projects in situations that the local temporary market cannot assist for anything from a one week placement to three or more years. This gives you the benefit of having access to quality accountants who can think and act, working under your direction - with an ACMI group quality standing behind them.


Carrying out Reconciliation

ACMI account solution's full account reconciliation services take care of the client's entire financial reconciliation needs. The client provides us with data on checks issued. We then use our professionals to match this information against the checks clearing the client's account. After this is completed, the client receives a full reconciliation report, including checks paid, outstanding items and exceptions.


Bookkeeping

We offer the best of both worlds when it comes to bookkeeping as we can operate from either your offices or ours. From raising invoices, generating and dispatching purchase orders through to the preparation of balance sheets and P&L (Profit and Loss) accounts, our comprehensive bookkeeping service enables you to achieve significant benefits in the form of improved cash flows and business control.

Our day-to-day bookkeeping services can be categorized into:

  • Purchase ledger control
  • Sales ledger control
  • General ledger
  • Sales invoicing
  • Credit control
  • Bank reconciliation
  • Accounts payable and receivable
  • P&L reports
  • Preparing a trial balance
  • Organizing accounts into financial statements