Payroll & Bookkeeping Bureau

With over 20 years experience in the payroll & bookkeeping field AML Payroll & Bookkeeping, located in Hailsham, near Eastbourne in Sussex, offers a friendly & reliable service either on site at your premises or at our own.

Payroll services include the facility to pay by BACS, Email Payslips and any other reporting you may require on a weekly or monthly basis.

Bookkeeping Services

AML Payroll and Bookkeeping offer the following services:

• Bookkeeping - Complete VAT Returns
• Sales Ledger
• Purchase Ledger
• Reconcile the bank acocunts
• Petty cash reconciliation
• Bacs Bureau Service available

Bookkeeping services: Process the bookkeeping from start to finish.

Details can be emailed, faxed or telephoned through and the bookkeeping is then run.

Bookkeeping is the recording of all financial transactions undertaken by an individual or organization (including a corporation or legal person). Bookkeeping is "keeping records of what is bought, sold, owed, and owned; what money comes in, what goes out, and what is left." Bookkeeping is part of the accounting cycle, and bookkeepers' work is closely related to that of accountants.

Bookkeeping Methods

Bookkeeping may be performed using paper and a pen or pencil but the vast majority of organizations use computer software (Mainly Sage & QuickBooks).

Single / Double-entry Bookkeeping methods

Two common bookkeeping methods used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system. Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a Revenue and Expense Journal. Single-entry bookkeeping is adequate for many small businesses. Double-entry bookkeeping requires posting (recording) each transaction twice, using debits and credits.

Single account bookkeeping

Simple bookkeeping for individuals and families involves recording income, expenses and current balance in a cash record book or a checking account register.

Single-entry bookkeeping

The primary bookkeeping record in single-entry bookkeeping is the Revenue and Expense Journal, which is similar to a checking account register but allocates the income and expenses to various income and expense accounts. Separate account records are maintained for petty cash, accounts payable and receivable, and other relevant transactions such as inventory and travel expenses.

Bookkeeper

A bookkeeper (or book-keeper) is a person who records the day-to-day financial transactions of an organization. A bookkeeper is usually responsible for writing up the "daybooks." The daybooks consist of purchase, sales, receipts and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct daybook, suppliers ledger, customer ledger and general ledger. The bookkeeper brings the books to the trial balance stage. An accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.

Computerised bookkeeping

Computerised bookkeeping removes many of the paper "books" that are used to record transactions and usually enforces double entry bookkeeping. Computer software increases the speed at which bookkeeping can be performed.

Online bookkeeping

Online bookkeeping allows source documents and data to reside in web-based applications which allow remote access for bookkeepers and accountants. Typically, a company scans its business documents and uploads them to a secure location or into an online bookkeeping application on a regular basis. This allows the bookkeeper to work remotely with these documents to update the books. Users of this technology include:

• Mobile employees scanning and sending in their receipts and bills while on the road to get reimbursed more quickly.
• Organizations with multiple offices centralizing their accounting department and having the documents sent to this location online.