Wednesday, September 29, 2010

Gains and Losses

Accounts, Bookkeeping and Payroll can be a burden to small business. This new series of blogs from Nottingham Accounting Solutions aims at making Accounts, Bookkeeping and Payroll a little clearer.

Gains and Losses

It would probably be ideal if business and life were as simple as producing goods, selling them and recording the profits. But there are often circumstances that disrupt the cycle, and it's part of the accountants job to report these as well. Changes in the business climate, or cost of goods or any number of things can lead to exceptional or extraordinary gains and losses in a business. Some things that can alter the income statement can include downsizing or restructuring the business. This used to be a rare thing in the business environment, but is now fairly commonplace. Usually it's done to offset losses in other areas and to decrease the cost of employees' salaries and benefits. However, there are costs involved with this as well, such as redundancy pay, outplacement services, and retirement costs.

In other circumstances, a business might decide to discontinue certain product lines. The nature of communication has changed so drastically, with email, mobile phones and other forms, that telegrams have been rendered obsolete. When you no longer sell enough of a product at a high enough profit to make the costs of manufacturing it worthwhile, then it's time to change your product mix.

Legal action and other actions can cause extraordinary losses or gains as well. If you win damages in a legal action against others, then you've incurred an extraordinary gain. Likewise if your own legal fees and damages or fines are excessive, then these can significantly impact the Profit & Loss statement.

Occasionally a business will change accounting methods or need to correct any errors that had been made in previous financial reports. Generally, Financial Accounting Standards require that businesses make any one-time losses or gains very visible in their Profit & Loss statement.

Nottingham Accounting Solutions Ltd offer accounts, bookkeeping and payroll services in the Nottingham and Mansfield area as well as Sage sales, set-up and 1 - to - 1 training on Sage accounts and Sage payroll. So why not take a look at http://www.nottingham-accounting-solutions.co.uk/

Payroll in Mansfield

Payroll in Mansfield

Nottingham Accounting Solutions offers Sage Payroll Administration in Sutton in Ashfield.

Our Sage Payroll services save you the time, complication and burden which diverts energy and resources from the core activities of your business.

The task is made more difficult by the complexity of taxation and employment legislation and the accompanying penalties for non-compliance.

Outsourcing your Sage Payroll to Nottingham Accounting Solutions offers a great cost effective solution, simply e-mail, fax or telephone us the details each pay period and leave the rest to us.

Many businesses, of all sizes, outsource their payroll to a dedicated Sage Payroll Bureau.
Consider outsourcing - it can save you time, hassle and money.

For example:

• Free up staff to concentrate on the core aspects of your business.
• Stay up to date with the latest changes to payroll legislation
• Save the expense of having to invest in the hardware, software, staff and training for the payroll system
• Deal with Student Loans, Statutory Sick Pay, Statutory Maternity / Paternity Pay, are over retirement age and other complications such as tax credits.
• Even with only a few employees, you will make savings by engaging Nottingham Accounting Solutions to administer your Sage payroll.

Our Sage Payroll Bureau provides:

• Customised Sage payslips
• Administration of PAYE and National Insurance
• Tax credits
• Statutory sick pay
• Statutory maternity pay etc.
• Completion of statutory forms, including year end returns, to issue to your employees and submit to the Inland Revenue
• Summaries and analysis of staff costs
• Administration of incentive schemes, bonuses, and ex-gratia and termination payments

We can also supply Sage Payroll products at competitive prices and we also carry out Sage Payroll Training around the Sutton in Ashfield area on your own systems.

Click here now for an informal, confidential, no obligation chat to see where Nottingham Accounting Solutions can help you save time and money or even better, CALL NOW on 01623 550793 or 07870 359274 or visit our website for more details here Payroll in Mansfield.

Sage Training for Accounts and Bookkeeping in Sutton in Ashfield

Sage Training for Accounts and Bookkeeping in Sutton in Ashfield

Nottingham Accounting Solutions Ltd is based in Sutton in Ashfield can help you

Sage Training

When you have invested in Sage Accounts software, either Sage Line 50 or Sage Instant Accounts, it needs to work for your business. OK, you can go on a Sage Accounts training course which are very expensive, very general and usually miles away from your business. We offer one-to-one Sage Accounts and Bookkeeping Training on your own system for you and your staff in the Sutton in Ashfield area. Our Sage Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage training and support training as you go through your month end, VAT returns and year end routines at the appropriate times. See our website for more details at Sage Training for Accounts in Mansfield

Sage Accounts Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Accounts and Bookkeeping Software, then set it up and configure it for YOUR business. This alone can save you hours of frustration.

Sage Accounts software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage products at competitive prices.

So:

•Nottingham Accounting Solutions Ltd can sell you the Sage software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs. We aim to put you on the fast track to getting the most out of your Sage Accounts software but as an alternative, why not outsource your accounting and bookkeeping to Nottingham Accounting Solutions.

Take a look at our Accounts and Bookkeeping Mansfield web page for more details.

We also offer Sage Training for Payroll Mansfield.

So call Colleen on 01623 550793

Sage training for Payroll in Sutton in Ashfield

Sage training for Payroll in Sutton in Ashfield

Nottingham Accounting Solutions Ltd is based in Sutton in Ashfield can help you

Sage Training

When you have invested in Sage Payroll software, either Sage 50 Payroll or Sage Instant Payroll, it needs to work for your business. We offer one-to-one Sage Payroll Training on your own system for you and your staff in the Sutton in Ashfield area. Our Sage Payroll Training is tailored to suit your ability and confidence from a complete Sage beginner to a competent Sage user. We also offer further Sage support training as you go through your month end and year end routines at the appropriate times. For more information see our website at Sage Training for Payroll Mansfield.

Sage Payroll Installation, Set up and configuration

Save yourself hours and hours of your precious time – let us install your Sage Payroll Software, then set it up and configure it for YOUR business. Save hours of frustration.

Sage Payroll software sales

As a Sage Accountants Club member, Nottingham Accounting Solutions Ltd can provide you with the latest Sage Payroll products at competitive prices.

• Nottingham Accounting Solutions Ltd can sell you the Sage Payroll software, install it, set it up and configure it to your business, training you or your staff to use it on a one – to – one basis and also offer the ongoing support for as long as you need it. Quite a cost effective solution to your needs.

We aim to put you on the fast track to getting the most out of your Sage Payroll software but as an alternative, why not outsource your Payroll to the Nottingham Accounting Solutions Ltd. Payroll Bureau.

Take a look at our Payroll Mansfield web page for more details.

We also offer Sage Training for Accounts in Mansfield
So call Colleen on 01623 550793