Case Studies:
"I need to have current information on how much profit I am making and the status of my cash balance."
BDO offers comprehensive recording of all your sales and purchase transactions on the Xero Accounting platform. This ensures you have accurate, up-to-date financial data, empowering you to track profits, outstanding customer payments, and supplier balances, thereby enabling efficient cash management.
Additionally, we assist in creating financial budgets and forecasting your business’s future trajectory. Our Virtual Finance Director service is ideal for small businesses that do not require a full-time finance professional.
Timely financial data is crucial for assessing your company’s financial health and ensuring sustainable growth.
"I want to understand what a set of accounts means and how it relates to my business."
We provide financial literacy training called Colour Accounting that is aimed at the non-accountant. It helps you grasp the mechanics of accounting, allowing you to interpret the meaning of financial statements effectively to make informed decisions for the success and growth of your business.
"I have started to employ some staff and need to pay them but I need help in calculating the amount of tax and states insurance to deduct."
BDO provides a streamlined payroll service whereby we can make those calculations for you. We ensure the timely processing of payments to your employees and generate their payslips. Finally we will submit the quarterly returns to the Guernsey Tax Authorities to ensure compliance with tax regulations.
"I am a company director but what are my duties and responsibilities?"
We can provide tailored governance training to assist you in understanding and on fulfilling your duties and responsibilities as a director and set you on the right course on how to achieve the success of your company.
Timely information to facilitate real time decisions
Cost and operational efficiencies and resiliency
Access to technical experts at the initial stages allows you to focus on the core activities of the business and making a success of the company.
Enhanced risk management capabilities through outsourcing services
Advantages of outsourcing
If you wish BDO to provide further guidance on how we can help you as you get started with your new business, then please send your enquiry to advisory@bdo.gg or email your usual contact at BDO Guernsey.