Frequently Asked Questions
General Services & Expertise
We are a modern, London-based accounting and finance partner providing comprehensive financial solutions, including bookkeeping, tax planning, payroll management, VAT compliance, and strategic advisory services like Fractional CFO support. We specialize in helping SMEs, startups and PE-backed businesses streamline operations, reduce costs, and scale sustainably.
Startups, SMEs, founders, and PE-backed businesses looking for expert financial support without the cost of a full-time team.
Outsourcing gives you access to a team of ACCA/ACA-qualified experts at a fraction of the cost of a full-time hire. You’ll save time, reduce overheads, and gain real-time insights to drive decision-making—all while focusing on your core business.
Absolutely. Our directors hold ACCA and ACA qualifications, and we strictly adhere to ethical guidelines set by ICAEW and HMRC. We’re also AML-registered and fully insured with professional indemnity coverage for your peace of mind.
Pricing and Engagement
We offer flexible pricing—fixed monthly packages for SMEs and custom quotes for complex needs. Whether you need basic bookkeeping or full-scale financial strategy, we’ll tailor a plan to fit your budget.
No surprises here. All costs are agreed upfront, and we’ll notify you before any additional work is undertaken.
We use GDPR-compliant, encrypted platforms like Xero, QuickBooks and secure client portals. Your data is protected with enterprise-grade security measures, and access is restricted to your dedicated team.
Technology & Tools
We work with leading platforms like Xero, QuickBooks, FreeAgent and Sage for seamless integration. Prefer another tool? Let us know—we’re flexible!
Yes. Our cloud-based dashboards give you 24/7 access to cash flow statements, profit & loss reports, and KPIs. We also provide monthly reviews to keep you ahead of the curve.
Bookkeeping
Bookkeeping is the systematic process of recording, organizing, and maintaining your business’s daily financial transactions (e.g., sales, expenses, invoices). It’s the foundation of your financial health. Without accurate bookkeeping, businesses risk cash flow mismanagement, compliance penalties, and poor decision-making. Think of it as a GPS for your finances—it shows where you’ve been and helps you navigate where you’re going.
Bookkeeping focuses on daily transaction recording (e.g., data entry, reconciling accounts), while accounting interprets that data to create financial statements, forecasts, and tax strategies. Bookkeeping is the groundwork; accounting builds the strategy.
Ideally, weekly or monthly depending on the volume of transactions and their reporting needs. Regular bookkeeping prevents backlogs, ensures real-time financial visibility, and simplifies tax season.
- Save time: Focus on growing your business, not data entry.
- Avoid errors: Professionals ensure compliance with UK standards (e.g., MTD for VAT).
- Cost-effective: No need for a full-time hire.
- Scalable: Adjust support as your business grows.
If you’re…
- Struggling to track unpaid invoices
- Missing deadlines for VAT or payroll
- Spending hours on spreadsheets
- Unsure about profit margins
It’s time to get in touch with BSMART.
Simple! Book a free consultation [HERE]. We’ll discuss your needs, set up your accounting software, and handle the rest—so you can get back to business.
We offer a seamless handover process whether you’re moving from in-house or an external firm. We handle everything!
Services
Yes! From R&D tax credits to VAT optimization and allowable expense management, we identify every legitimate opportunity to minimise your tax burden while ensuring full HMRC compliance.
We offer a seamless handover process whether you’re moving from in-house or an external firm. We handle everything!
