UK Businesses

Outsourced Accounting & Bookkeeping Services We Provide:-

• 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 on behalf of clients
• Preparing cheque payments
• Preparing trial balances
• Taking care of Multi-Currency Accounting

Vat Returns

Struggling with complex and complicated VAT returns under MTD? Is it difficult to calculate your input and output VAT for quarterly submissions? Looking to outsource VAT return services to an able and reliable VAT return & bookkeeping service provider?

Mindspace provides a complete range of error-free VAT return services. We have handled VAT returns under flat Rate, accrual, and cash systems. We have also done CIS returns and returns under TOMS. We have also handled EC sales return as well. We have covered grounds in almost every sector of the industry, ranging from Restaurant, Retail, Travel, Web design, IT, Fashion, Construction, to Entertainment, Consulting, Architecture, and E-Commerce.

Management Accounts

Financials are the road map that helps you make the best decisions regarding your business and help you avoid a catastrophe. The purpose of financials is so much more than just helping you with your tax returns or in getting a line of credit.

Mindspace, an accounting outsourcing service provider understands that the management of accounts and financials is often daunting. Cash flow statements, income and expense accounts, profit & loss accounts, balance sheet reports – these are all buzzwords that can send an inexperienced startup company into a tizzy. At Mindspace, our accountants have enough experience to know that this daunting task is actually all about putting your accounts into formatted statements.

Our management Accounts include:

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

Credit Control Service

Mindspace provides outsourced credit control services to UK businesses & firms. We are here to end the stress of credit management. Our team will make sure your customers meet credit terms. We will give assistance to implement your policies and guaranteeing fast payment of your invoices.

Whether it’s gathering information about customers to chase debts, automating tasks like writing reminder letters, or making confidential credit control calls, we offer end-to-end credit control services.

Our services increase your cash flow and reducing your debtor days. We offer credit control systems designed for businesses and firms of all sizes in the UK to make it easy to improve your cash flow.

Payroll Processing Services

Make the decision to outsource payroll processing services to a reliable and trustworthy payroll and bookkeeping service provider like Mindspace. Free up valuable in-house resources to focus more on your core business while your payroll processing is carried out efficiently by us.

We process payroll for businesses. It includes:

• Running Weekly, Fortnightly, 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.
• Furlough submission

Other Finance Process Function

With 24*7 connectivity to systems, our platform can also provide you with other finance processing services such as invoice generation, lodgments reconciliations, demurrage control, etc. Mindspace is one such accounting & bookkeeping service provider that can cater to all your accounting and bookkeeping needs within a quick turnaround time.

Other Finance Process Services We Offer:-

Other Finance Process Function :

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