The Foundation of Your Financial Confidence
Flawless financial records are the foundation of every successful business. We handle your day-to-day bookkeeping, delivering accurate, real-time insights into your financial health.
Drowning in Receipts and Spreadsheets?
Bookkeeping is the foundation of every successful business, but it shouldn't consume your valuable time. MHC & CO provides professional bookkeeping services that give you accurate, up-to-date financial records without the headache.
Why Professional Bookkeeping Matters
Tax Compliance
Accurate records ensure correct tax calculations and full HMRC compliance, avoiding penalties.
Business Insights
Clear financial data helps you make informed decisions about pricing, expenses, and growth.
Funding Readiness
Lenders and investors require professional financial records when considering funding.
Time Recovery
Small business owners spend 10-15 hours monthly on bookkeeping. Reclaim that time!
📊 Businesses with professional bookkeeping typically identify 15-20% more allowable expenses, reducing their tax bill significantly.
What Our Bookkeeping Service Includes
Transaction Recording
Daily recording of sales, purchases, receipts, and payments in your accounting software.
Bank Reconciliation
Matching bank statements with accounting records to ensure complete accuracy.
Accounts Receivable
Tracking customer invoices, payments received, and managing aged debtors.
Accounts Payable
Managing supplier invoices, payment scheduling, and aged creditors.
Expense Categorization
Proper classification of all business expenses for optimal tax efficiency.
VAT Record Keeping
Maintaining VAT records and preparing information for quarterly returns.
Payroll Integration
Recording salary payments, pension contributions, and PAYE/NI deductions.
Monthly Reports
Providing profit & loss, balance sheet, and cash flow statements.
Our Bookkeeping Process
Simple, streamlined workflow that ensures accuracy and timeliness:
Document Collection
You upload receipts/invoices via our app, email, or we collect physically.
Data Entry & Coding
We enter all transactions into your accounting software with proper categorization.
Bank Reconciliation
We match every bank transaction with your accounting records.
Review & Query Resolution
We review for accuracy and resolve any discrepancies with you.
Reporting & Insights
You receive clear financial reports with actionable business insights.
Cloud Accounting Software We Support
We're experts in all major cloud accounting platforms:
Xero
Our most recommended platform for growing businesses.
QuickBooks
Excellent for small businesses and sole traders.
Sage
Preferred by many established businesses and accountants.
FreeAgent
Perfect for freelancers and small service businesses.
☁️ All our supported software is Making Tax Digital (MTD) compliant, ensuring you meet HMRC's digital record-keeping requirements.
DIY vs Professional Bookkeeping
| Consideration | DIY Bookkeeping | Professional Bookkeeping |
|---|---|---|
| Time Commitment | 10-15 hours monthly | 1-2 hours monthly (your time) |
| Accuracy | Prone to errors and omissions | Professional accuracy guaranteed |
| Tax Efficiency | May miss allowable expenses | Maximizes all allowable claims |
| Software Expertise | Basic functionality use | Advanced features utilized |
| Cost | Your time + software costs | Fixed monthly fee (often tax-deductible) |
| Business Insights | Basic reports | Strategic insights & recommendations |
⏱️ Your time has value! If your time is worth £50/hour and you spend 12 hours monthly on bookkeeping, that's £600/month of hidden cost in DIY bookkeeping.
Making Tax Digital (MTD) Compliance
Since April 2022, most VAT-registered businesses must follow MTD rules. Our bookkeeping ensures full compliance:
Digital Record Keeping
We maintain your records in MTD-compliant software as required by HMRC.
Quarterly Updates
Regular digital updates to HMRC through your accounting software.
Year-End Finalisation
Final declaration submitted through compatible software.
⚠️ MTD for Income Tax is coming in 2026 for sole traders and landlords. Start preparing your digital records now.
Our Bookkeeping Services
⏰ Time is Money in Business
Every hour spent on bookkeeping is an hour not spent growing your business. Let us handle the numbers while you focus on what you do best.
Claim Back Your Time TodayAccurate Books, Better Business Decisions
Professional bookkeeping gives you more than just compliance—it gives you clarity. Understand your profitability, manage cash flow effectively, and make data-driven decisions with confidence.
Ready to Streamline Your Accounts?
Contact MHC & CO today and let our experts handle your Accounts.
MHC & Co.
Chartered Accountants
54 Gloucester Road
North,
Bristol
BS7 0SJ
Contact Us
Tel: +44 333 789 1010
Fax: +44 117 3737 449
Email: info@mhcandco.co.uk
Get Started
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