Valued. They're an extension to your business.
Submitting annual accounts is something every business has to do.
The only snag with this is that your annual accounts are just that…annual.
Granted, some firms will have an in-house accountant, but most of you reading this will probably allow 51 weeks pass and then frantically pull everything together to come up with some final figures which are to be submitted.
But wouldn’t it be better to know how things were going in terms of profit and loss on a regular basis throughout the year? It would allow you make short and long term decisions with one eye very firmly fixed on an up-to-date set of figures rather than working on something that is likely to be more than 12 months old. You probably wouldn’t dream of running your marketing and sales forecasts using information that is hopelessly outdated so why should you expect to use financial figures that are potentially giving a wrong impression.
Thankfully there is an answer…and yes…it means you really will have regular updates on the state of play when it comes to your company finances because you will, in effect, have your own in-house accountants.
This is precisely how Valued operates and explains why they rack-up industry awards like being named 2023 Accountancy Firm of the Year at the North East Accountancy Awards or being named in the top three national rankings for SME accountancy firms by Xero. Bearing in mind that the Xero awards are entered by thousands of firms, it is incredible that Valued have been named in the top three.
“It’s all about delving deeper into accounts and trying to find out what a person or company is trying to achieve,” said Valued founder and MD Stephen Paul. “We find out what their ‘why’ is…why are they involved in business? We also find out their ‘what’…what are they hoping to achieve, what are their aims? Here at Valued we believe that the days are gone when the only contact a person or business has with their accountant is once a year. We want people to be able to make decisions on a recent set of figures, not something that could be approaching two years old. How on Earth is a business supposed to produce forecasts and make decisions based on figures which are hopelessly out of date? At Valued we care about our clients and want to help them over the entire year rather than just for a few days. We want to be part of their journey.”
And if you want a gauge of how successful and well-regarded Valued is, it’s worth noting that they not only represent businesses and individuals, they also work with other accountancy practices who come to them for advice.
“We work heavily with Xero accountancy software which is Cloud based,” adds Stephen. “I started using it when my mother was seriously ill and I wanted to spend more time with her. I realised that this was one aspect of how future accountancy could work. We’ve been so successful in utilising this tool that we are now asked by other accountancy firms for guidance. We were Xero’s fastest growing partner, so much so that we have established the Valued Academy which is aimed at helping entrepreneurs cut through red tape, to stop wasting time and focus very clearly on how to take their business forward. In effect, we act as one-to-one mentors to help ambitious business owners realise their potential.
“The big difference with Valued is that as well as offering a full accountancy service, ensuring that customers are fully compliant, they also provide valuable business advice.
In other words, they’re not an accountancy that merely sorts out your tax affairs. They operate as though they were part of your business…same goals…same desire for success…and helping you along the business road.
For more details of what Stephen and his team can offer at Valued, the best idea is to get in touch with them for a friendly chat. Call into their new offices on the outskirts of Durham or call 01207 502145 or email wecare@yourvalued.co.uk