Professional Bookkeeping Services
With a wealth of knowledge in the accounts, taxation and bookkeeping sectors, we are a trusted partner for businesses in the Hampstead area. Our mission is simply to help our clients’ businesses flourish.
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Hampstead Bookkeeping Case Study: LA Gaffe Hotel, Restaurant & Wine Bar
La Gaffe is a lovely and traditional Italian restaurant set in the very trendy Hampstead in North London. The business has been trading since 1962 and was started by Bernardo Stella; the business is now run by Lorenzo Stella.
Back in October 2018, Lorenzo got in touch with Paul of Cain & Co to see if he could provide him with a bookkeeping solution. Lorenzo’s previous bookkeeper had just died after looking after the financial affairs for 30 years.
The restaurant needed the bookkeeping being brought up to date, there was also a VAT return imminent and as the previous bookkeeper had dealt with everything there was a certain amount of fact finding and paper chasing.
The first stage of the process was to get the bookkeeping up to date and set La Gaffe up with an online accounting software. Once the books were up to date it was then a case to introduce new systems that would ultimately save time. The bookkeeping had previously been done manually and with MTD looming it was time to change.
As with all changes, there were initial teething problems, but La Gaffe now have Xero and Hubdoc at their disposal. All supplier invoices are now either scanned into Hubdoc or emails are forwarded to their unique email address.
It is then just a question of coding the invoices in Hubdoc so that they can be published into Xero; Lorenzo has risen to the challenge and is pleased with how the bookkeeping is now performed.
In Our Client’s Words:
Following the sudden death of our bookkeeper of thirty years, we had to find new bookkeepers at incredibly short notice.
Cain and Co were recommended to us and were the quickest to respond to our plight and propose a very competitive package moving forward.
There were a few difficult early moments, as we were using a completely different system unique to our previous bookkeeper. However, Cain and Co persevered and introduced us to Xero and an up to date system that has proved to be more efficient and less time consuming.
Payroll has been superb, and any issues are always dealt with quickly. I would recommend Cain and Co to anyone looking for a change in company or bookkeeping system. And nice people to work with too.
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There are many accountants and bookkeepers out there, so we thought we’d come up with an unbeatable offer to help you make an easy choice…
Our 7 point guarantee
You won’t need to spend hours trying to find old invoices at year end.
We will be there for you 24/7 including holidays
We promise to answer ALL your questions within 12 hours (although 90% are handled within an hour).
You will have your accounts explained to you in jargon free language, during your 12 monthly 1-2-1 reviews.
Being proactive we will identify potential issues before you do.
As long as you get your information back to us as requested, we guarantee you will NOT get fined from HMRC, for late filed returns or we will cover your costs.
All our fees are crystal clear. If you can find a lower cost alternative on a like for like service, we will match the price.
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How can Cain & Co
Bookkeeping and account management
By accurately recording your business’s ledger, up-to-date and efficient bookkeeping can transform the day-to-day running of your company. We can work remotely or can undertake your bookkeeping on site – this is another benefit of being local.
One of the most complex parts of financial management, missing or incorrectly filed VAT returns can result in penalties. A pressure point for many companies, let Cain & Co take the stress out of formalising and submitting your VAT return.
Invoicing, reconciliation and credit control
For businesses cashflow management is key, invoicing promptly and being paid on time is invaluable as is ensuring that your company’s financial data is accurate – enabling you to make business decisions based on facts, not belief.
Payroll and auto enrolment
If your business has employees, one or many, Cain & Co can manage your payroll including issuing pay slips and employers National Insurance submissions to HMRC. Within our service we can arrange the set up of pension schemes for your staff.
Supporting your business
In addition to taking on your company’s financial management or bookkeeping services, Cain & Co also offers a range of services to help you take care of your own accounts. Our bookkeeping workshops are intimate and (we like to think) fun! You will leave the workshop with a clearer understanding of the records you are legally required to keep, where you can claim business expenses and how to maintain straightforward bookkeeping spreadsheets. You will also be given a range of templates to get started with.
Cain & Co can also set you up online accounting software such as Xero or Quickbooks and offer you tutorials in how to use these to benefit your business.