Cotton Accountancy Services Limited - Interview

Interview

Need an account?

02/12/2014

Cotton Accountancy Services Limited is based in Bramhall, and offers accounting services aimed at small limited companies and sole traders. They have special expertise in IT contractors, freelance workers, professional services and other service-based businesses. They also can provide services to businesses throughout Stockport, especially Cheadle, Cheadle Hulme and Wilmslow.

 Cylex 1. Won't I lose control if the books are done by an outside service?

Cotton Accountancy Services Ltd: In fact, using a cloud accounting service actually keeps you more in control. Your accounts can be kept up-to-date daily and are more visible to you, than if you wait until the end of each month to manually update your books or spreadsheets. The reporting tools give you better visibility of outstanding amounts due from customers and amounts you owe to suppliers. This means you are in a better place to make good decisions about your business. It also gives you more time to focus on what you do best, saving you the hassle of doing the books.

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Cylex 2. Why should I use a virtual accounting service like the cloud service you offer?

Cotton Accountancy Services Ltd: There are several great reasons for using a cloud accounting service. You can access your accounts while on the move, so if you are travelling or at a meeting you can quickly access your latest financials. Or you can issue an invoice as soon as you close a deal, using your smartphone or tablet.

Collaborating with your accountant is made easy – just pick up the phone and you can both see the same set of numbers in the cloud.

You can set up automated bank feeds so your bank balance is always up-to-date. If you are not sure about something input a query against an item and your accountant will be able to access your query and look into the issue.

Cylex 3. What sort of packages does your business offer? How do I know which to pick?

Cotton Accountancy Services Ltd: We offer a free consultation to help us to understand your business and your needs. During this consultation we will be able to advise you as to which package may be most suitable for you.

We offer a range of packages, from 3 star basic services for sole traders and limited companies, through to 5 star premium packages, which include cash flow forecasts and monthly  management reporting. It will depend on the complexity and size of your business. In addition we offer personal tax return services, either as an add-on or a stand-alone service.

No matter which package you choose, you can be assured that we are just an email or phone call away. We will support you and your business, so that you can be confident that your accounts and returns will be accurate and on time, meaning no penalties or fines from HMRC!

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Cylex 4. Do you have recommendations? How can I trust you?

Cotton Accountancy Services Ltd: We are a firm of Chartered Accountants, so we have to comply with the requirements of the ICAEW, including keeping up-to-date technically. We are certified Xero advisers, having obtained certification earlier this year.

Cotton Accountancy Services Limited is a new company, so as yet we have no testimonials, but we are able to provide positive feedback on the professional work of our staff in relation to previous roles.

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Cylex 5. Will there be one person to whom I can always talk to or contact or will it change every now and then?

Cotton Accountancy Services Ltd: You will have just one contact person, providing consistent service. This ensures that your accountant gets to understand your business well.

Cylex 6. What do you think you have more to offer than the competition?

Cotton Accountancy Services Ltd: We are here to take away the hassle and pain of doing your accounts, so you can focus on your strengths. For those operating a lifestyle business, we provide a perfect match. We understand the needs of those running a business part-time to fit around family and other commitments. Our service hours reflect this: 9am to 3pm and 8pm to 10pm. As the Director of Cotton Accountancy Services Limited I bring specialised experience to the company, in terms of providing accounting services to freelance workers and independent contractors. I have experience of working as a freelancer myself and of setting up and running companies for independent contractors.

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