For some businesses, a relatively simple analysis system is quite sufficient to meet trading needs. Whilst less comprehensive than double-entry, effective analysis can provide an excellent indication of an organisation's financial affairs.
It's a straightforward concept - only payments-out and receipts-in are recorded. However, implemented with imagination and understanding, it's possible to provide more than enough information to meet both business and statutory requirements.
With the benefit of our expertise, you can always be sure of knowing where the money came from and - more to the point - where it went !
When considering this option, you may find a couple of questions helpful:
Do you receive payment for your product or service immediately ?
Do you pay your suppliers and subcontractors immediately ?
A "yes" to both questions indicates using this system may be an acceptable solution for your business