Target Accounting

Accounting

August 13, 2013 – targetaccounting.co.uk

Target Accounting was established in 2002 and is a member of the IFA (Institute of Financial Accountants) which is an internationally recognised professional accountancy membership body.

They use years of expertise and experience to advise clients in all aspects of Accountancy and Finance. The requirement for accurate professional financial advice is now more important than ever.

The Problem

This client was into computer and web based financial transactions, with an office in London and was mandated by the Financial Conduct Authority to file year end financial statements. A newly established organization, there was an oversight on the part of the client and the financial statements which are effectively time barred submissions were fast approaching the due date. The management decided to outsource the exercise to Outbooks, mainly because of the approaching deadline.

The Solution

Approach

We had a very short period within which the whole exercise had to be completed. And we were deprived of the benefit of the previous years consolidated financial statements as there were none. Under the supervision of Ajeet Agarwal, the team in our Gurugram office worked overtime to compile statements. The client furnished us with all necessary information and the accountant liaised with our team sharing additional information as and when sought.

We Delivered

All necessary requirements mandated were fulfilled as per the Statement of Recommended Practice. Finally we helped in putting together the complex statements well within the 80 business day time limit from year end for submission of the statements.

While the initial engagement was mainly for the year end financial statement submission, the client was impressed with the way we handled the short deadline requirement. We are now a regular with the client, and the client outsources all accounting requirements to Outbooks.

Services

Payroll

Self Assessment Returns

Year End Accounts & CT Returns

Bookkeeping & VAT returns

Company Secretarial

Management Accounts

Cost savings

30%

Time Saved

200+ Hours

Compliance

100%

DJ Colom
 — DJ Colom
Extremely happy with the service I have received in over a years with Outbooks. The concept of a dedicated contact person is very good, and his highly experienced team have looked after me and my business to a very high standard

Target Accounting
 — Target Accounting
Outbooks is a completely trustworthy and efficient service provider. To be honest they performs like a wizard, and not for a single moment i thought i should change my Accountants.Being with them has given me a sense of calmness and something i don't have to worry about. The best thing i like about them is i can call them anytime and they will make time for me.

Limelight Accountancy
 — Limelight Accountancy
This is to say thank you to Outbooks team. I am very happy with our business partnership and i am sure i have taken the right decision when deciding to join Outbooks. I can’t usually get my head around a lot of the terms but you have explained things and walked me through every step of the way. I have felt safe and confident in moving forward with Outbooks.