Balance Sheet
We prepare clear, accurate balance sheets that give you a real-time snapshot of your business's financial health. Cardiff sole traders and small businesses trust us to keep their records straight, meet HMRC deadlines, and spot opportunities to improve cash flow and profitability.
Everything under Balance Sheet
From initial setup to monthly reporting, we handle every part of your balance sheet bookkeeping so you can focus on running your business.
Bank Reconciliation
We match every transaction in your accounts to ensure your records are accurate and up to date.
Asset & Liability Tracking
Clear records of what your business owns and owes, updated monthly and ready for tax time.
Equity Reporting
Track retained earnings and owner draws so you understand exactly what your business is worth.
Financial Statements
Monthly income statements, balance sheets and cash flow reports delivered within 15 days of month-end.
How we keep your balance sheet accurate and useful
Your balance sheet is more than a compliance document. It tells you what your business owns, what it owes, and what it's worth at any given moment. We prepare monthly balance sheets for Cardiff sole traders, salons, tradespeople and small professional firms who want clarity on their financial position without spending hours in spreadsheets.
Every month, we post your transactions to the correct accounts, reconcile your bank and credit card statements, and generate reports that show your assets, liabilities and equity in plain English. You'll know where your cash is going, whether you're building value, and if anything needs attention before it becomes a problem.
We turn your records into insight, not just paperwork.
More information
Many of our clients come to us after months of DIY bookkeeping or patchy records from a previous provider. We can catch up on backlogged months, clean up your accounting periods, and set up software like QuickBooks or Xero so everything flows smoothly going forward. Onboarding typically takes 30 to 90 days depending on your starting point, and once we're up and running you'll receive your financial reports within 15 days of each month-end.
What's included
- Transaction posting and account categorisation
- Full bank and credit card reconciliation
- Monthly balance sheet, income statement and cash flow report
- Accounts receivable and payable tracking
- Ongoing support and plain-English explanations whenever you need them
We also offer one-off services like accounting software setup, catch-up bookkeeping for previous months, and consulting or training if you want to understand the numbers better. Additional monthly services such as budgeting, benchmarking and bill pay management are available if your business needs them.
Whether you're a builder in Pontypridd managing multiple job costs, a salon owner in Penarth tracking stock and tips, or a dental practice in central Cardiff juggling equipment leases and supplier invoices, we tailor our approach to fit how your business actually works. Local knowledge matters: we understand the rhythms of South Wales businesses and the questions HMRC tends to ask.
Accurate balance sheets give you confidence when making decisions, applying for finance, or simply knowing whether you're on track. They also save you time and money by catching errors early and keeping your tax preparation straightforward. If you've been putting off getting your books in order, or you're tired of chasing your current provider for answers, we'd be happy to talk through how we can help.
You might also need
Profit & Loss Statement Preparation
Clear profit and loss statements prepared from your records, with plain-English insight into margins, overheads and true profitability for the period.
Profit & Loss Statement Preparation→Making Tax Digital (MTD) Bookkeeping Compliance
Making Tax Digital bookkeeping compliance, including software setup, digital record-keeping, reconciliations and MTD VAT submissions, with clear deadline reminders.
Making Tax Digital (MTD) Bookkeeping Compliance→Receipt Management & Paperless Accounting
Go paperless without the stress. Capture receipts by phone or email, keep them organised and matched to transactions, and make VAT and year-end accounts much simpler.
Receipt Management & Paperless Accounting→Accounts Payable & Receivable Management
Stay on top of customer invoices and supplier bills. We track debtors and creditors, chase overdue payments, schedule payments and share clear monthly summaries.
Accounts Payable & Receivable Management→Bank Reconciliation
We reconcile your bank to your bookkeeping records, fix mismatches and clear uncleared items, so your figures are reliable for VAT, accounts and cash flow.
Bank Reconciliation→QuickBooks Setup & Training
Get QuickBooks set up for your business, with bank feeds, VAT settings and invoicing, plus practical training so you can keep your books tidy each week.
QuickBooks Setup & Training→Before you get in touch
Here's what Cardiff business owners usually want to know about our balance sheet services.