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For UK Businesses

Mindspace is a specialist outsourced online accounting service provider working primarily for UK Businesses of all sizes. With a qualified team of Chartered Accountants and finance outsource specialists we’re dedicatedly providing reliable, timely, and affordable services which businesses in UK can trust. Our motive is simple; offer best outsource accounting services and help the business houses invest more time in growing.

Bookkeeping Services involves :

Entering purchase ledger documents (bills)

  • Sales Invoicing and Entering sales ledger documents (sales invoices)
  • Entering Nominal Expenses
  • Preparing bank and credit card reconciliations
  • Preparing Journals for Month Ends
  • Paypal and ebay reconciliations
  • Producing creditor and debtor report
  • Doing Credit Control of behalf of clients
  • Preparing cheque payments
  • Preparing trial balances
  • Taking care of Multi Currency Accounting

Vat Returns

At MindSpace we can take care of VAT returns. We have prepared Flat Rate VAT, Standard VAT and Cash VAT Returns. We have processed returns for clients in Restaurant, Retail, Travel, Web design, IT, Fashion, Salone, Construction VAT ( CIS ), Entertainment, Consulting, Architecture, Scaffolding and E-commerce companies. We can apply the best VAT method as per client business and prepare VAT returns.

Management Accounts

Monthly/weekly management accounts preparation are necessary to assist in making business decisions Our management reports include:

  • Profit and loss statements
  • Balance sheets
  • Cash Flows
  • Annual budget and forecasts
  • Variance reports
  • Accruals & prepayment schedules
  • Intercompany charges & reconciliations

Payroll

We process payroll for businesses. It includes:

  • Running Weekly, Fortnighly and Monthly Payrolls
  • Generating payslips
  • Preparing of P35, P1d
  • P45’s, P46, P60 and P38
  • Calculating Holiday and Bank Holiday SSP, SMP, Student Loans etc.

Any Other Finance Process Function :

At Mindspace Outsourcing we can take us any other process in Finance Domain. Areas include :

  • Invoicing/ Franchisee Invoicing
  • Lodgments Reconciliations
  • Employee Travel Expense Reconciliations
  • Fixed asset Register maintenance
  • Demurrage Controls etc.

Calculate your current bookkeeping expenses and compare!

Click to learn more about our Workflow Process

Softwares we use

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