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Bookkeeping Services

win back time for your business by outsourcing your business bookkeeping

All successful businesses aim for profit while watching the bottom line. Bookkeeping Services are something most fledgling businesses try to keep in-house. However, as your business grows, why would you waste time and effort on a task which can be easily and cheaply outsourced?

Spending time writing up accounting records and receipts stops you from growing your businesses. Use your valuable time more effectively, outsource your bookkeeping to Direct Peak and let us take care of this essential but laborious task.


Bookkeeping services to

suit any business needs.

Direct Peak offers a wide range of bookkeeping services to suit any business’ needs. Many assume that bookkeeping is the process of keeping on top of the sales and purchase invoices, but we like to go a bit further than that. Below are the different services we offer.

Bank Reconciliation

Reconciling your bank account on a regular basis is critical. When you get to the year-end, if this doesn’t reconcile, your accounts will be wrong. You could end up paying too much tax because you’ve missed allowable expenses or you risk fines and penalties from HM Revenue and Customs because you’ve missed taxable income.

Account Reconciliation

As well as the bank reconciliation we also reconcile the following:

  • Purchase ledger, so you know how much you owe your suppliers.
  • Sales ledger, so you know how much your customers owe you.
  • VAT, to make sure your VAT records are compliant.
Prepayments and Accruals

Prepayments and accruals are an advanced bookkeeping service. These ensure accurate management accounts and keep your accounts compliant when using the accruals basis of accounting. The accruals basis requires that income and expenses must be recognised in the correct accounting period.

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Posting all financial transactions
  • Business bank transactions including any PayPal or direct debit accounts.
  • Purchase invoices and expenses to the correct expense codes. This ensures accurate management accounts and keeping compliant with HM Revenue and Customs.
  • Cash transactions for the petty cash account where proper cash receipts are provided.
  • Credit card transactions.
  • Completion of payroll journals.
  • Making adjustments for any foreign currency transactions.

Fantastic service from the team at Direct Peak. Absolutely first class - very helpful and knowledgeable support from these Xero experts!

Katherine Duff

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Save on other business accounting services
with our Peterborough bookkeeping service

With the Direct Peak bookkeeping service starting from just £40.75 + VAT a month. We offer a full suite of accounting and bookkeeping packages to suit your size of business and budget. In fact, for those businesses which take advantage of our bookkeeping service, we offer discounts on the following services, so you can grow your business with us and save money at the same time:


Streamline your
bookkeeping processes

At Direct Peak we use the the latest cloud accounting software and apps to streamline accounting processes , reduce and even remove manual record-keeping and improve your business efficiency. We will explain what records are required and what you can claim for. With our bookkeeping solutions, all you need to do is simply send us your paperwork through smartphone apps such as Dext, via email, via post, or visit us in-office to deliver your records to us.

Many assume that bookkeeping is the process of keeping on top of the sales and purchase invoices, but we like to go a bit further than that. Our bookkeeping services includes:

Statutory Payments Direct peak

Streamlining your bookkeeping with cloud accounting software and apps

Statutory Payments Direct peak

Posting all financial transactions including Paypal, GoCardless and Direct Debits

Statutory Payments Direct peak

Completing payroll journals

Statutory Payments Direct peak

Recording credit card transactions

Statutory Payments Direct peak

Making adjustments for foreign currency transactions

Statutory Payments Direct peak

Posting purchase invoices and expenses to the correct expense codes

Looking for business bookkeeping services

We go the extra mile
as a bookkeeping firm

Like other bookkeeping services, we include bank reconciliation as a standard feature of our bookkeeping services package. However, we also reconcile:

Statutory Payments Direct peak

Purchase ledger, so you know how much you owe your suppliers.

Statutory Payments Direct peak

Sales ledger, so you know how much your customers owe you.

Statutory Payments Direct peak

VAT, to make sure your VAT records are compliant.

Monthly bookkeeping packages with a local bookkeeper in two easy steps

Our bookkeeping services packages are fixed-fee and tailored to the requirements of your business. There are no extra charges for queries by phone or email, so if something is worrying you, please pick up the phone and call. Our packages can include regular face to face meetings or simple video call catchups, it all depends on the complexity and accountancy support your business requires.

Call us now on 01778 481044 to discuss your requirements or fill out the callback form opposite and we will call you at a convenient time.

Looking for bookkeeper in Peterborough? Book a call with us.

    Direct Peak Resources

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    Bookkeeping Services Provided by an Accountant

    Accountants play a crucial role in providing bookkeeping services to small and medium-sized enterprises (SMEs) by managing their financial records and ensuring compliance with accounting principles and regulations. One fundamental service is the maintenance of accurate and organised financial records. This includes recording all financial transactions, such as sales, purchases, expenses, and payroll, in an organised and systematic manner. By doing so, accountants ensure that a business has a clear and up-to-date view of its financial position.

    Another critical aspect of bookkeeping services for SMEs is reconciling financial statements. Accountants reconcile bank statements, accounts receivable, and accounts payable to ensure that the recorded transactions match the actual transactions and accounts are in balance. This reconciliation process helps in identifying any discrepancies or errors that need to be addressed promptly, ensuring the financial data’s accuracy.

    In addition, accountants assist SMEs in managing their cash flow effectively. They monitor and analyse cash inflows and outflows to help businesses maintain sufficient liquidity for their operations. This involves tracking receivables and payables, managing working capital, and providing financial insights to optimise cash flow management strategies.

    Moreover, accountants assist in generating timely financial reports, including income statements, balance sheets, and cash flow statements. These reports provide a comprehensive overview of a business’s financial performance, enabling SME owners and stakeholders to make informed decisions. Accountants often interpret these reports, offering insights and recommendations for financial improvements and strategies to achieve business goals.

    Tax compliance is another critical area where accountants provide essential bookkeeping services. They ensure that all financial records are accurately maintained and in compliance with tax laws and regulations. This includes calculating and preparing tax returns, managing tax deductions, and advising on tax-saving strategies to minimise tax liabilities legally and optimise the financial health of the SME.

    Lastly, accountants help SMEs streamline their financial processes and improve efficiency by implementing effective accounting systems and software. They often provide training and guidance to business owners and staff on how to use these tools effectively, maximising their benefits and ensuring smooth financial operations within the organisation.

    Bookkeeping services provided by accountants to SMEs encompass accurate record-keeping, reconciliation, cash flow management, financial reporting, tax compliance, and optimising financial processes to support the business’s growth and success.