Outsourced Bookkeeping Services

Struggling again to meet your business bookkeeping task deadlines?

Need a specialist accountancy company in the bookkeeping function that has tailor made solutions for medium and large businesses in the UK?


Why choose our outsourced bookkeeping service?

  • We save you money! Our outsourced bookkeeping service for SMEs is fully managed and comes at a reduced cost compared to hiring in-house bookkeepers. By choosing us, you can typically save up to 50%. We are Xero certified accountants, so you can trust us to provide high-quality service with the best technology available.
  • Achieve Deadlines! As a business owner, it is your legal obligation to keep accurate records of sales, expenses, and purchases for various HMRC returns. We can help you ensure that you never miss a deadline and that all your paperwork is produced in the correct format.
  • A Solution just for you! We understand that accounting can be challenging for growing or changing businesses. That’s why we offer personalised bespoke solutions that match your unique needs – all at a competitive price.
  • Delivering High Quality! Our services range from sales and purchase ledgers to profit and cash flow forecasts. We produce timely and accurate reports that can help you keep track of significant profits or financial inconsistencies and plan accordingly. Our goal is to improve the quality of our services while reducing costs and to help business with their goals to make Tax Digital.

The benefits of working with the Profits Plus Team

We are a bookkeeping firm in the UK and our team can serve you with an outsourced bookkeeping service and also other key services like Tax Returns, Virtual Finance, Payroll, Financial Transactions, Double Entry accounting, Accrual accounting and Final accounts.

After you have signed up with Profits Plus and engaged in a service or multiple services with us, you can leave us to arrange everything with no fuss or bother.

Let us do the heavy lifting freeing you up to take care of other business.

Why Profits Plus?

Your Dedicated Outsourced Bookkeeper in the UK

Facing these challenges?
  1. Is your business looking to scale bookkeeping services in the UK to your client?
  2. Is the monthly bookkeeping service creating bottle necks within your business?
  3. Are you worried about your finances?
  4. Would you like to not worry about your VAT deadlines? 
  5. Would you like to focus on growing your business and your clients’ businesses?

The complete bookkeeping guide: everything you could possibly need to know plus how we can help you?

The team at Profits Plus knows the precious time and capital that software like Xero can save your business. We work closely with you to assess your needs, and create and mature a process that works for your business. Xero very often needs other applications to support the functions and we use industry recognised applications like Dext and Chaser. We then show you how to understand and use them allowing you to fully benefit from the efficiencies they provide.
Being able to take advantage of Cloud accounting enables you to access up to the latest information about your financial position. Understanding your cash flow position allows for better decision making. Having all your financial information centralised with the software allows a seamless approach to creating a quote, making a payment or sending an invoice to a client. Also, rather than having another companies name on the invoices, you can customise what is sent and your dashboard with your own brand logo.

You know and understand your business better than anyone, and we are expert accountants. When you engage with us at Profits Plus you get to choose an accountant that is a specialist in the sector you need help in. Have you ever spoken to someone who claims they understand a specialism only to let you down through their lack of knowledge or not keeping up to date with the latest legislation in this specialist centre. At Profits Plus, we have been working with small businesses since our inception. Let us help you today to achieve business growth.

We have models for whatever stage your business is at catering for your ever changing accounting business landscape. If you are new business our staff at Profits Plus can help get you started with setting up your business, create a business plan, plan for needed cash resources, or access finance if you require a short term bridging finance loan or are planning to grow your business.

Need assistance with Her Majesty’s Revenue and Customs Tax Authority (HMRC) or a Collective Information Scheme (CIS) then are there to guide and support you. Making decisions and planning for the future is important and completing return’s is all about paying attention to the tiniest details. We help unravel each section of the ever changing Tax Return as development of our own team is just as important to us.

Gone are the days of accountants working on finances a couple of times a year. Regular checking and application of our processes and procedures within your business finance is a critical and key part of the service portfolio we provide for you. Asking pertinent questions about your business helps us apply the correct process to the service we provide. Profits Plus streamlines your business, creating a robust model that not only creates a dividend for you but helps your development.

Bookkeeping is the process of tracking and recording financial transactions, which can be done manually or electronically. For example, bookkeepers in companies use various methods to keep track of transactions, including ledgers, journals, and software programs.

Most businesses have some form of bookkeeping in place to track their income and expenses. This is important for tax purposes and for monitoring the company’s financial health. The discpline can be complex, but many resources and solutions are available to help business owners keep on top of their finances.

There are two primary types of bookkeeping: single-entry and double-entry. Single-entry bookkeeping is the simplest form of bookkeeping and is typically used by small businesses. In this system, each transaction is only recorded once. Double-entry bookkeeping is a more complex system that records transactions twice in two separate accounts. This system provides a complete picture of your business’s finances and is typically used by larger enterprises.

The two accounting methods are accrual basis accounting and cash basis accounting. Accrual basis accounting is when you record transactions when they occur, regardless of when the money changes hands. Cash basis accounting only records transactions when the money changes hands.

There is a lot of confusion when it comes to bookkeeping vs accounting. Both terms are often used interchangeably, but there is a big difference between the two.

Bookkeeping is the process of recording all financial transactions made by a business, including sales, purchases, receipts, payments etc. Whereas accounting is the process of interpreting, classifying, and summarising financial data, including creating financial statements and reports.

Put simply, bookkeeping is mainly focused on the day-to-day recording of transactions, whereas accounting takes this data and uses it to provide insights and analysis about the financial health of a business.

Both bookkeeping and accounting are essential for any business. Why? Because without accurate financial records, making sound decisions about where to allocate resources or how to grow your business would be impossible. That´s why a popular recommendation for new business owners is to hire a qualified accountant to help set up their bookkeeping and accounting systems. The earlier you get this right, the better.

Outsourcing your bookkeeping can save you time and money, and give you peace of mind, knowing that a professional is managing all of your financial affairs. The amount you gain of each, however, will depend on the level of service you choose. Several bookkeeping services are available, ranging from simple record-keeping to full-service accounting, and the type of service you choose will depend on the size and complexity of your business, as well as your preferences and skills.

Please note, you will still need to keep track of your income and expenses. However, the bookkeeper will handle all the day-to-day tasks, such as recording transactions, preparing financial statements, and paying bills. This frees up your time to focus on other business aspects, such as the tasks you enjoy or only you can do to grow the business.

While this form of management accounts can be an excellent way to improve the efficiency of your business, make sure to choose a reputable and experienced provider who can tailor the service to meet your needs. You want to ensure they are the right fit for you and your business. (Need help? Profits Plus helps you discover the right qualified accountant through outsourcing)

Small businesses have many moving parts, and bookkeeping is the key to keeping track of them all. Without accurate and up-to-date bookkeeping, it would be nearly impossible to run a small business effectively.

Bookkeeping allows you to:

  • See where your business stands financially at any given moment. This information is critical for making sound decisions about where to allocate your resources. 
  • Have a clear picture of your business’s progress over time, which can help spot trends and identify areas that need improvement.

Help you save money by taking advantage of tax deductions and avoiding costly penalties for errors. And if you ever need to borrow money or secure investors, having solid financial records will make getting the funding you need much easier.

In short, bookkeeping is an essential part of running a successful small business. By staying on top of your finances, you’ll be able to make smart decisions that lead to lasting success.

  1. Keep accurate and up-to-date records: This means recording all income and expenses as they occur and keeping track of inventory levels, accounts receivable, accounts payable, and other critical financial data. Doing this regularly will give you a clear picture of your business’s financial health and allow you to spot any potential problems early on.
  2. Stay organised: A good system for organising your financial records will make bookkeeping much easier and less time-consuming. If you´re not using software, invest in suitable quality filing cabinets or storage boxes, and label everything clearly so you can quickly and easily find what you need.
  3. Use accounting software: This can save you a lot of time and effort when it comes to tracking your finances and reducing the chances of errors. Many different software packages are available on the market, so find one that suits your specific needs.
  4. Hire a professional bookkeeper if needed: If you don’t have the time or energy to keep on top of your finances yourself, then hiring an experienced bookkeeper can be a wise investment. They will be able to do all the work for you, freeing up your time to focus on what you do best or the things you enjoy. 

Before making a purchase, there are several things you should consider when choosing software for your business. Here are a few key factors:

Ease of use: You want a system that is easy to understand and use, especially if you’re unfamiliar with bookkeeping. Look for software with a user-friendly interface and clear instructions.

Features: What features does the software offer? Does it have all the tools you need to manage your finances effectively? Make sure the software has the features you need before making a purchase.

Cost: How much does the software cost? Is it affordable for your business? Make sure to compare prices and get the best value for your money.

Customer support: If you have any problems with the software, will customer support be available to help you? Make sure the company offers good customer service in case you need assistance.

Digital bookkeeping is the term used to describe the process of using computer software to manage a company’s financial records and accounts. This accounting system allows businesses to track and analyse their finances in real-time, allowing for more accurate record-keeping and efficient financial management. Digital bookkeeping also makes it easier to generate reports and graphs to aid decisions on how to best manage the company’s finances.

There is a common misconception that bookkeepers and accountants are the same. Although they both work with financial records, there are key differences between the two professions. Here’s a quick breakdown of the main differences between an accountant and a bookkeeper:


  • Provide advice on financial planning and strategy
  • Prepare and file tax returns
  • Analyse financial data to identify trends and give recommendations
  • Design accounting systems and procedures
  • Conduct audits

  • Maintain financial records (invoices, receipts, etc.)
  • Enter data into software app
  • Reconcile bank statements
  • Prepare financial reports (profit & loss, balance sheet, etc.)

There are many reasons why you might want to consider hiring an outsourced bookkeeper. 

Perhaps you don’t have the time or resources to keep on top of your bookkeeping yourself, or maybe you’re not confident in your abilities. Whatever the reason, an outsourced bookkeeper can save you a lot of time and hassle.

An experienced bookkeeper will have a good understanding of accounting principles and be able to keep on top of your financial affairs much more effectively than you could. They can also offer valuable insights and advice on improving your business finances.

You can also save you money in the long run. You can avoid costly mistakes and penalties by keeping on top of your finances and ensuring that all your records are up to date. An outsourced bookkeeper can also help you claim any tax deductions and allowances you may be entitled to.

In short, hiring an outsourced bookkeeper can help you focus on other areas of your business. If you’re serious about taking control of your finances, then it’s worth considering outsourcing your bookkeeping requirements.

Profits plus provides affordable outsourced accounting services. We can help you save time and money by keeping your books up-to-date and accurate and providing you with the information you need to make informed business decisions.

We offer a wide range of services, including general ledger maintenance, accounts receivable and payable management, bank reconciliation, financial statement preparation, and more. And we also offer support for Xero and other software programmes.

Our team of certified public accountants (CPAs) and bookkeepers are here to help you grow your business. So if you´re interested in knowing more reach out to us today. We offer a free consultation to discuss your specific needs and how we can best serve you.

A professional team will provide you with a complete and accurate record of your financial transactions in real-time. This will include all income, expenses, and any assets and liabilities, and this readily available information will allow you to make informed decisions about your business finances.

In addition, they can help you create the space to plan for the future. While they keep track of your finances, this frees up your time to put your time and energy into growing your business. Additionally, it can also help you avoid late fees or penalties by ensuring that your financial records are up-to-date.

The cost of a bookkeeper can vary greatly depending on the size and complexity of your business, as well as the location and experience level of the bookkeeper. Generally, you can expect to pay an average of £25-£50 per hour for a qualified bookkeeper.

Managing your finances is an important task and one that you´ll need to trust whoever is managing them. Take the time to consider all the below factors when hiring a bookkeeper to make sure they are the right one for you and your business.

1. Professional Qualifications/Experience: Make sure the bookkeeper you hire is qualified and has the experience and skills necessary to handle your financials. Ask for references, look for qualifications such as a CPA or Chartered Accountant qualification, or certification from professional associations such as the Institute of Certified Bookkeepers (ICB) or Institute of Financial Accountants (IFA).

2. Services Offered: Bookkeepers may offer different services depending on their qualifications and experience. Ensure they can provide all the required services, such as reconciling accounts, processing payroll, filing taxes, managing budgets, and forecasting cash flows.

3. Availability: You’ll need to ensure that the bookkeeper can meet with you regularly and respond to questions efficiently. Ensure they are willing to be flexible with their availability to accommodate your business needs.

4. Cost: Compare costs between several bookkeepers to find one that offers competitive rates within your budget.

1. Hire an accountant or bookkeeper: Hiring an accountant or bookkeeper is the best option for small businesses looking for bookkeeping help. A professional can handle complex financial tasks such as preparing tax returns, managing accounts receivable and accounts payable and providing financial advice.

2. Use accounting programs: providing a straightforward way to track income, expenses, and other financial transactions. Popular programs include Xero, QuickBooks, and FreshBooks.

3. Outsource to a virtual assistant: If you don’t want to hire an in-house professional or purchase software, you can outsource your bookkeeping needs to a virtual assistant. While they won´t be able to provide the same level of service as a professional bookkeeper or provide insights or advice regarding your business strategy, this is still an option to free up some of your time.

4. Utilise online resources: There are numerous online resources available to help business owners with their bookkeeping needs. These include webinars and tutorials that provide step-by-step instructions on completing various tasks like creating invoices and managing payroll. Additionally, there are forums where professionals can ask questions and receive advice from others with similar experiences.

Outsourced Book keeping service benefits:

Time to switch to Profits Plus Accounting?

We make the process easy for you

Thinking you would like to switch your accountancy to Profits Plus? Don’t forget that all that you see below is just a summary of the benefits of using our services to grow your accountancy business.

Engagement Models

Choose from our flexible engagement models:

Outsourced Bookkeeping Rates UK


From £120+VAT / month

  • Xero
  • Receipts Capturing
  • Monthly Bookkeeping
  • Dedicated Account Manager
  • App/Streamlining systems and process


From £80+VAT / month

  • Xero
  • Receipts Capturing
  • Monthly Bookkeeping
  • Dedicated Account Manager
  • App/Streamlining systems and process


From £50+VAT / month

  • Xero
  • Receipts Capturing
  • Monthly Bookkeeping
  • Dedicated Account Manager
  • App/Streamlining systems and process
Our team is proficient in the following accounting software we use:

Our scanning facility is also available upon request.
If you’ve got a big bookkeeping project and wish to convert client data to digital bookkeeping, speak to us and see how we can help.

Step up your Bookkeeping service with help from Profits Plus

We will find the right fit for you matching your business need with the right level of expertise