We have recently separated our financial  services department into a new distinct limited company, FIFA Ltd which is separately registered with the Financial Services Authority. For more details, see www.fifafinancialservices.co.uk

KIS ACCOUNTING SYSTEM

We introduced this about 3 years ago and it has been a runaway success with about 80% of our clients now using it – why?

Because:-

1) It is free.

2) It saves vast amounts of time.

3) Your accounting costs are fixed.

4) It shows you at a glance how well you are doing.

Is it suitable for you ?

Just because it is simple, do not under-estimate this accounting program – we have installed this into literally hundreds of small businesses with many clients never having used a computer seriously before.

It is ideal for many businesses, e.g., shops, hotels, pubs, consultants. We have one client whose turnover is over £1M who swears by it!

What it cannot easily cope with is if you need to control the amounts of money owing to you and amounts of money owing to your suppliers, but then probably a Sage or a similar system would be more suitable – www.sage.co.uk.

How does the Kis System Work?

1) We install the free program on your computer.

2) Our installer will spend as much time as necessary showing you how to use it.

3) If you have any queries which are not covered in the extensive helpbook, you can call our helpline who will sort you out – for free!

4) You enter your daily figures. The system is very clever and has a number of time saving gizmos, i.e., it remembers monthly standing orders and enters them automatically. There are also helpful wizards, e.g. it balances your bank to your bank statement.

5) At the end of each VAT quarter, you push a button and out pops your VAT Return figures.

6) At the end of the year, you send or email to us your data and we prepare your full accounts and tax computations.

PAYROLL

This used to be reasonably straightforward – you used the tables to calculate the tax and that was that.

How times have changed – statutory sick pay, varying holiday entitlements, minimum wage legislation etc. etc.

Originally we only did a few client payrolls, more as a favour, but it has grown and grown, so we now have a fully developed Payroll Department with the leading computer software to run it. The system is straightforward – you email/telephone/fax your employee hours and by return we send to you the payslips and calculation sheets. We deal with new employees, leavers, holiday entitlement, working tax credits, student loans etc. etc.

Finally, at the end of the year we supply all the returns to you and submit them electronically to the Inland Revenue so you receive the £200 bribe from the Government!

It really is a wonderful system. If you compare our costs to the time and hassle you experience, the decision really is a “no brainer”.

SAGE, QUICKBOOKS AND OPERA

This layer of accounting systems are all much of a muchness. Each has its foibles but generally they achieve their objectives of allowing you to efficiently (i.e. quickly) do all the basic accounting accurately.

To assist you in this we have developed a series of checklists so that at the end of each month before you roll on, you can use these to help check that you have balanced everything accurately.

Many clients like us to arrange a short visit each quarter so that problems can be sorted out as they appear. This saves time at the year end and gives valuable reassurance that your Accounts Department is coping satisfactory. For all assignments, a written report is given identifying weak areas and suggesting improvements.

LOCK, STOCK & BARREL SYSTEM

This is the “ultimate service” for those who are terminally allergic when it comes to their book-keeping. We find it especially suitable for the licensed trade where time is tight, volumes are large and accounting is not straightforward. We have about 35 pubs and restaurants using this system.

We will:-

• Collate and prepare your accounting records including separating out VAT.

• Calculate and prepare your VAT Returns.

• Provide you with quarterly management reports, to keep you up-to-date on how well your business is doing.

• Provide year end accounts and related tax computations.

All you need to do is record your daily takings, daily cash expenditure and bankings on our easy to use sheets (manual or computerised to suit you). Then send them to us with your other invoices, bank statements and cheque stubs, and then sit back whilst we do the rest.

Included also is unlimited telephone calls and meetings to sort out your business problems and help you maximise your profits.