Business Accounting Service

World class accounting from award winning chartered accountants you can trust

We Have Open Minds

What is Business Accounting?

Business accounting is a means of organising the financial situation of any company, entrepreneur, or small to medium enterprise (SME). For this, it is necessary to pay attention to the collections, balances, loans, and day-to-day debts of the business. Any action carried out by the company must be recorded in the accounts. This allows you to be able to know at all times the history of the company, and to improve decision-making. Managing accounts also allows us to account for every penny of the company’s money, and experience potential benefits that professional money-handlers are/can be privy to.

Why Use Nordens For Your Business Accounting?

As the name suggests – business accounting is responsible for all the economic and financial movements that occur within an organisation. It involves recording all of the company’s movements, and classifying them in order to analyse and interpret the results. Nordens’ accuracy and insight means you can always get an accurate estimate on the state or health of your company, and note whether it is moving in a positive or negative direction. This often helps advise those in management and directorial roles in how to best strategize for growth and profit, for example: is the company hitting its targets? Is the distribution of the company’s budget working well? etc.

Every company will require some kind of accounting protocol and/or accounting department – whether large or small, self-employed or multinational. Any body or organisation that deals with money is required to keep these kinds of financial records for many possible reasons – most importantly, to comply with government guidelines and regulations. Failure to manage your accounts correctly, can – unfortunately – lead to swift and significant charges from HMRC. With Nordens, you’ll never run the risk of unnecessary fines and red tape, as you won’t just have one business accounting expert on hand – you’ll have an entire team!.

Our Expert Accounting Service

If you’re looking to set up a new business, or you’re thinking of switching accountants, we’ve got the tools and expertise you need.
All delivered and supported by our expert, chartered certified accountants.

Payroll for Employees

Year end Accounts

MTD Compliant VAT Returns

HMRC Compliance Assured

Pension Management

Frequently Asked Questions

Here at Nordens, we know that accounting can seem confusing. We receive questions almost everyday from business owners unsure of the very same things, so here is a little more on the matter…

Business accountancy is global and applicable to all businesses, no matter their size, industry, or sector. Thus, among the uses of accounting, we find:

Recording economic-financial movements: One of the main functions of accounting and, perhaps, the most basic, is to make a record of absolutely all economic movements that occur in the day-to-day running of the company.

Reporting: Because accounting serves to inform – in a clear and truthful way – about the financial situation in which the company is located. Thanks to accounting, we will know if a company has sufficient liquidity and solvency or, on the contrary, is on the verge of bankruptcy.

Decision-making: Accounting in a company also serves to make correct decisions, and make them quick. In addition, it provides the necessary information to plan, evaluate, and control these actions. Because the accounts will not only interest the owner at that moment, it is also convenient to keep these records. You may present them to a third party, such as a financial entity, in the future.

Providing for the long term: What will happen in the future? Do you have enough assets to face a crisis? Accounting allows for forecasts of sales, expenses, and other calculations necessary for the proper management of the company.

The main advantage of business accounting is, perhaps, that it helps the company to obtain financial and non-financial information. It also facilitates its classification, order and presentation, thus improving the decision-making and the general management of the company. Likewise, accounting – since it details all movements in a historical and detailed manner – allows us to optimise cost management, learn from past mistakes, detect duplicate processes and implement a much more effective and efficient management strategy.

As you know, accounting is a very broad science, and its main objective is to collect, structure, and give meaning to all the movements that occur in a company. Therefore, transferring all this into economic terms in the accounting of a company becomes very complicated and abstract.

Therefore, there are many accounting classes that exist. Choosing and basing ourselves on any of the varieties of accounting depends on many factors. These include: the origin of the resources, the activity of the company, or the type of information that is worked on.

According to its origin

According to the activity

According to the information

Public accounting

Industrial accounting

Financial accounting

Private accounting

Commercial accounting

Administrative accounting

Extractive company accounting

Tax accounting

Service accounting

Cost accounting

Management accounting

Get all the accounting documentation: It is essential that you collect all the income, expenses, and other operations concerning the activity of your company. Demonstrating any operation with a document of proof is recommended in order to maintain control of your accounting. Without documents that prove what is recorded in the registry, its truth may not be justified.

Keep track of income and expenses: Remember that all the movements and economic operations of the company, as well as their payments and collections, must be accounted for.

Take taxes into account: It is very important to have a record of the different taxes for companies that you will have to present in the terms and dates indicated by HMRC. Annually, you must present all accounting books and returns.

Check the different minutes, accounts, and balances: In this way, you will have the certainty that the collections and payments (as well as the supporting documents) are not wrong or duplicated.

Keep the accounting up to date: Do not leave for tomorrow what you can do today. Having your accounts and records up to date will save you time and hassle. Set aside some of your time for paperwork, and do not leave it until the end of the year.

Regarding the main characteristics of accounting, we find the following:

Business accounting uses both quantitative and qualitative information. Quantitative information is easy to measure since it refers to the calculation of financial transactions (usually through simple formulas); Qualitative information refers more to the importance given by each company to certain data and information in order to make decisions. Both types of information are necessary to direct and manage the business.

Another feature of accounting is that it covers all business operations in a systematic, historical, and chronological manner. That is, a protocol is established on how to proceed and collect each economic movement that occurs. Likewise, a record of all this is kept and allows you to establish comparisons between different periods, thus studying the progress of the company.

The accounting of a company focuses on the decision-making process and helps reduce the degree of uncertainty throughout the process. It is a science that helps – thanks to the comparison between periods and the calculation of forecasts – you have a focus on the future, the past, and also on the present.

Beyond Accountancy

At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.

Nordens Strategic

Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.

Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.

Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.

Accounting 2 You

Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.

Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.

With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.

Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews

Chris Dyer

Director - Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

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Jamie Brown

Co-Founder - Chicmi Limited

Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.

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Simon Rose

Director - Rose Opticians

I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation

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Rebecca Bossick

Founder & Director - Physio LDN

Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.

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James Aconley

Principal - Pauline Quirke Academy

Great accountants, always available to offer advice. The team have transformed my business.

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Christopher Wilce

Founder - Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.

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Dave Hodges

Director - Linekers

Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!

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Tony Charles

Founder - Foundation Sports Limited

A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.

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Peter Horlock

Managing Director - Prime Time Boilers

I have been with Nordens for many years now and they are a great accountants.

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Simon Cushing

Founder - Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

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Andrew Martin

Managing Director - AMD Interior Architecture

Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.

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James Robinson

Director - Forma London

Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!

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  Why I Founded Nordens
Accounting 2 You

In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.

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Mark Norden

We're Professionally Certified

Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!