services

Statutory Accounting

When registered with Company House, you are legally required to submit annual business accounts with a set form of reporting. These obligations can get in the way of business and cause unnecessary stress. Parris & McNally are here to ease these burdens and help you through the process, ensuring you understand and are meeting all of your Statutory Accounting commitments.

Our team of experts will prepare, analyse and submit your annual returns and provide you with financial reports to give you a better understanding of your own finances. We guarantee complete compliance with the requirements of HMRC and Companies House.

Cloud Accounting

Parris & McNally has always prided itself on being industry leaders and keeping up with the latest developments. Cloud accounting represents a powerful tool for businesses to stay on top of their bookkeeping accounting by using the latest software and technological innovations.

Through cloud accounting, we are able to provide our clients with real-time financial information. We are Xero partners and recommend this user-friendly Cloud Accounting platform solution. Xero is best in class, low cost, efficient and available 24/7. We will also work with a range of other software providers such as SAGE, Quick Books, Kashflow and many others. By having all of the information, you will be able to make informed decisions at a moment’s notice, keeping you one step ahead of your competition.

Payroll

Every business owner knows that managing the payroll is an arduous and time-consuming task. When handling payroll, you are allocating time and energy that is needed elsewhere in the business. With legislation constantly evolving, the job is becoming even more complex for business owners.

Parris & McNally offer a strictly confidential payroll service tailored specifically to your needs. We want to make your life as a business owner easier, and payroll is just one of the many burdens we can take care of for you.

From payslips, administration of PAYE to national insurance, maternity pay and sick pay, we can take care of everything. Even for a small business, allowing us to manage your payroll will save you valuable time and effort.

Management Accounting

It can be hard to understand what exactly your finances mean for your business, but by making sense of these numbers and figures, we can help your business to succeed. By having a set of high-quality, frequently compiled management accounts, you will have the necessary information at hand to make better informed business decisions and therefore help you to run your business smoothly.

We’re here to help you across a number of different areas: from reviewing your business performance, cash flow and accounting movements; managing your key performance indicators and monitoring your performance. You will have access to the financial information which matters to you and your business. Parris & McNally will also make sure to compile and present everything in a manner which is easy to digest and work with.

Overhead Management

It is becoming increasingly costly to operate a business in the UK. Overheads such as electricity, rent, phonelines, internet and wages can easily spiral out of control if not managed diligently. Intelligent overhead management is a crucial aspect of running any business. You need to be able to distribute your funds and outgoings appropriately without losing control.

Parris & McNally will work alongside you to analyse exactly how and where your money is being allocated and ensure you aren’t unknowingly or unnecessarily wasting funds. Our expert Accountants will be able to tell you exactly how and where you could improve with regards to your overhead management, saving valuable funds for your business in the process.

Business Support and Coaching

It’s crucial that anyone with financial responsibilities, from Sole Traders to SMEs and Third Sector Organisations, be aware of their financial obligations. By making use of our Business Support and Coaching services, you can keep on top of all your financial duties.

By learning to better manage your organisations financial burdens, you will be able to focus on the important parts of the business.

Third Sector Accounting

Parris & McNally possess considerable expertise in accounting for the Third Sector. We know that strong financial management best allows you to spend your funds in pursuit of your charitable purpose and leads to increased sustainability.

With the introduction of tighter financial regulation from OSCR, those working in the Charity and Third Sector need to ensure that their accounting meets the strict requirements laid out for them. Working with Third Sector Organisations is something we love doing at Parris & McNally. Our comprehensive service allows Third Sector Organisations to retrain their focus on what really matters: their own charitable mission.

Planning and Cloud Accounting Training

Growing and developing a business has its complexities, but here at Parris & McNally, we are committed to helping you to achieve your goals. We’ll work closely with you to understand exactly what you want to achieve and what resources you have at hand. Through our ethos and lived experience of treating every client’s needs like a project, we’ll work together to create a structured, feasible plan carefully tailored to help guide you towards your goals.

As managing your finances can often feel like a daunting task, we at Parris & McNally want to help you to take control of your finances and eliminate the worry of managing money-related tasks. By meticulously researching the marketplace, we offer unbiased advice on how to manage your money and can recommend the most appropriate course of action for you and your business.

Funding

Business need funding for various purposes, from growth, to purchasing new assets needing to improve cashflow. This is simply the nature of business. When this happens, Parris & McNally work with a number of partners to allow you access to funding sources.

Our extensive experience and strong financial relationships allow us to get our clients the best possible funding packages and enable them to breath easy at night. Without adequate funding, you can’t expect to weather the inevitable storms and grow as a company or sole trader.