is2k -- Services

is2k

Innovative Solutions

Book-keeping, Accounting, and Payroll Services

Click on any of our services below for more information.

Troubleshooting
Accounts Preparation
Book-keeping
VAT
Payroll
Tax Return
Sage Line 50 Implementation and Support
IS Online50

Recent Accomplishments

Estate Agents
Solicitors

Troubleshooting
Tidying up accounts which are currently in a mess. We can take back log work and bring it upto date and meet the set deadlines.

Accounts Preparation
We will prepare your annual accounts on receipt of your financial records and provide you with accounting support throughout the year. We can also prepare monthly management accounts, helping you monitor and manage more efficiently the performance of your business throughout the financial year.

Book-keeping
A complete book-keeping service throughout the year is available to all our clients. By asking us to take care of all your book-keeping requirements, you will be free to concentrate on running your business.

Data Entry
Bank Reconciliation
Maintenance of Customer Ledger
Maintenance of Supplier Ledger
Maintenance of Fixed Assets Register
Stock Control
Sales Order Processing
Sales Invoicing
Purchase Order Processing
Production of Monthly Management Accounts

VAT
We can deal with all your VAT affairs, including preparation and submission to HM Customs & Excise of quarterly VAT Returns. By helping you avoid penalties for late submission of VAT Returns and ensuring you are paying the correct amount of VAT. As part of this service we will also advise on the most appropriate VAT Scheme for your business and the VAT implications of any major transactions which affect your business.

Payroll
Includes payroll calculation, preparation of pay slips, P45s and registration of new employees. Let us take care of your payroll and lessen your worries about a PAYE Inspection. Using Sage Payroll we can produce payslips and the relevant payroll reports on a weekly, fortnightly, four weekly & monthly basis & deals with the correspondences of the Inland Revenue and the DSS. Prepare End of Year Returns (P14s) and P35 at the end of the year.

Tax Return

Self Assessments for Individuals and Partnerships.
Pay and File returns for Limited Companies.
Tailor made tax planning based on your individual and business circumstances.
Setting up tax efficient business structure.

Sage Line 50 Implementation and Support
We can convert your existing accounting system into Sage Line 50, one of the leading computerised accounting packages. We can install and operate the system and provide any necessary training and provide telephone and online support for all your book-keeping, accounting and payroll operations.

IS Online50
Combining the familiar strengths of Sage Line 50 with the power of the Internet, IS Online50 allows you and your Innovative Solutions accountant simultaneous access to a live Sage Line 50 system from multiple locations. It provides on-the-spot, up-to-the minute business management information, ensuring that business decisions are based on the very latest information.

How the service operates
Once you have signed up to the service, you log on to this system via our web portal using your web browser and run your accounts securely over the internet. Each user within your business is able to operate the areas of the package that are applicable to them, from any location.

You can print directly from IS Online50 to a local printer attached to your computer.
You can also take a backup onto your own system.
Similarly you can import a file that you have on a local disk.
One user can raise sales invoices and record cash receipts.
Another user can manage the purchase ledger, prepare debtor reports and reconcile the bank account.
Another user can carry out month end and year end journals, post accruals and prepayments, and prepare management accounts.
Users can be in different locations
No disks need to be transferred

Protecting your data
IS Online50 utilises the highest available levels of encryption and authentication for the highest level of internet security equivalent to online banking. The service is managed from a secure data centre, which has redundant servers with full and regular backups to ensure protection of your data and continuous access to an agreed service level.

Ongoing support
The IS Online50 helpdesk is available to deal with all aspects of technical support advising you and your clients as and when required. We can also provide Internet access packages and systems where this is required.

Recent Accomplishments
Below are some examples of how we have customised Sage Line 50 to cater the needs of a specific type of business.

Estate Agents

Creating First Rent Demand, includes Deposit, Rent, Tenancy Agreement Fee
Creating subsequent Rent Demand
Tenants Ledger
Landlords Ledger
Maintain upto 10 million property records
Maintain upto 999 Branch Accounts
Commission Invoices to Landlords
Aged Debtors Report for Landlords
Expense Ledger for each and every property
Reminders to Tenants for unpaid rent
Statements to Landlords along with their net rent payments
Record of Deposits Received from Tenants
Tenants Closing Account
Monthly Performance Reports of Negotiators
Bank Reconciliation of various bank accounts
Payroll
VAT Returns
Monthly Management Accounts
Annual Accounts

Solicitors

Office and Clients Ledger Maintenance/Reconciliation
Bills Ledger
Aged Debtors Report
Supplier Ledger
Disbursements Control Account
Clients Control Account
Bank Reconciliation of various bank accounts
Payroll
VAT Returns
Monthly Management Accounts