Bookkeeping For Partnerships

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Keep Your Financial Records Under Control

Tailored bookkeeping services that meet your unique business and individual needs

The Business Bookkeeper has a solution that meets the needs of partnerships, of all kinds and sizes. You’ll be able to focus your time and energy where it’s needed most, leaving us to crunch the figures and balance the books. We ensure that all expenses and revenue are thoroughly and accurately recorded and that all taxable expenses are accounted for, and we can complete and submit your partnership tax return and individual returns on your behalf, saving you the time and stress of managing them yourself. And you can be confident that your legal responsibilities are being handled efficiently so that you will not incur any fines or penalties. View our partnership packages below.

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Essential

This option is best for those business owners who are simply looking to get the basic entries done to ensure being compliant with HM Revenue and Customs.

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Comprehensive

This is our most popular option because you get valuable reports to help you manage your business, general advice and we’ll set up your financial dashboard so you have all your key numbers to hand all the time.

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Premium

This is the best option for busy business owners who want the maximum out of their complete bookkeeping system and have access to the key metrics so they can make the best business decisions based on the best quality information.

Features Essential
From
£ 127p/m
Comprehensive
From
£ 197p/m
Premium
From
£ 297p/m
Supply of cloud accounting software what's this?
Free
Free
Free
Supply of your paperless expense and receipt processing system what's this?
Free
Free
Free
Financial dashboard what's this?
Posting all business bank transactions what's this?
Posting purchase invoices, expenses and cash transactions what's this?
Credit card transactions and reconciliations what's this?
Completing payroll journals what's this?
Making adjustments for any foreign currency transactions what's this?
Completing the bank reconciliations what's this?
Debtor monitoring what's this?
Precision accounting with accruals and prepayments what's this?
Basic Management Reporting what's this?
Completing the sales and purchase ledger reconciliations what's this?
Email and telephone support what's this?
Completing the VAT reconciliation what's this?
Completion of VAT returns what's this?
Maximise your tax deductions what's this?
Expense monitoring and advice what's this?
3 5
Full management reporting what's this?
Completion of annual accounts what's this?
Maintaining your fixed asset register what's this?
Quarterly Business review meeting what's this?
Enhanced credit control what's this?
Your holistic cloud accounting system what's this?
KPI monitoring what's this?
3
Year End Pack for Accountant what's this?
Optional Add-ons Essential Comprehensive Premium
Invoicing what's this? POA POA POA
Self-Assessment Tax Return what's this? POA POA POA
Completion of Partnership tax return what's this? POA POA POA
Supplier & staff payments (monthly) what's this? POA POA POA
Monthly or quarterly cash flow forecasting what's this? POA POA POA
Cloud accounting software set-up what's this? POA POA POA
Managed payroll what's this? POA POA POA
Auto-enrolment set-up what's this? POA POA POA
CIS service what's this? POA POA POA
Features
Essential
From
£ 127p/m
Comprehensive
From
£ 197p/m
Premium
From
£ 297p/m
Supply of cloud accounting software what's this?
Essential
Free
Comprehensive
Free
Premium
Free
Supply of your paperless expense and receipt processing system what's this?
Essential
Free
Comprehensive
Free
Premium
Free
Financial dashboard what's this?
Essential
Comprehensive
Premium
Posting all business bank transactions what's this?
Essential
Comprehensive
Premium
Posting purchase invoices, expenses and cash transactions what's this?
Essential
Comprehensive
Premium
Credit card transactions and reconciliations what's this?
Essential
Comprehensive
Premium
Completing payroll journals what's this?
Essential
Comprehensive
Premium
Making adjustments for any foreign currency transactions what's this?
Essential
Comprehensive
Premium
Completing the bank reconciliations what's this?
Essential
Comprehensive
Premium
Debtor monitoring what's this?
Essential
Comprehensive
Premium
Precision accounting with accruals and prepayments what's this?
Essential
Comprehensive
Premium
Basic Management Reporting what's this?
Essential
Comprehensive
Premium
Completing the sales and purchase ledger reconciliations what's this?
Essential
Comprehensive
Premium
Email and telephone support what's this?
Essential
Comprehensive
Premium
Completing the VAT reconciliation what's this?
Essential
Comprehensive
Premium
Completion of VAT returns what's this?
Essential
Comprehensive
Premium
Maximise your tax deductions what's this?
Essential
Comprehensive
Premium
Expense monitoring and advice what's this?
Essential
Comprehensive
3
Premium
5
Full management reporting what's this?
Essential
Comprehensive
Premium
Completion of annual accounts what's this?
Essential
Comprehensive
Premium
Maintaining your fixed asset register what's this?
Essential
Comprehensive
Premium
Quarterly Business review meeting what's this?
Essential
Comprehensive
Premium
Enhanced credit control what's this?
Essential
Comprehensive
Premium
Your holistic cloud accounting system what's this?
Essential
Comprehensive
Premium
KPI monitoring what's this?
Essential
Comprehensive
Premium
3
Year End Pack for Accountant what's this?
Essential
Comprehensive
Premium
Optional Add-ons
Essential
Comprehensive
Premium
Invoicing what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Self-Assessment Tax Return what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Completion of Partnership tax return what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Supplier & staff payments (monthly) what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Monthly or quarterly cash flow forecasting what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Cloud accounting software set-up what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Managed payroll what's this?
Essential
POA
Comprehensive
POA
Premium
POA
Auto-enrolment set-up what's this?
Essential
POA
Comprehensive
POA
Premium
POA
CIS service what's this?
Essential
POA
Comprehensive
POA
Premium
POA

Friendly, Affordable Business Assistance For Partnerships

Create another winning partnership with The Business Bookkeeper

A partnership will be implied by the law when two or more people are in a business relationship together with the view of making a profit. Partnerships are often extensions of the sole trader model. In a business partnership, you’re running a business as a self-employed individual but with the other partners. You share responsibility for the business jointly.

Just like sole traders, partners are jointly and severally responsible for all the debts and obligations of the business without any limit. This includes loss and damages arising from wrongful acts or omissions of your fellow partners. Profits are shared between the partners, but each partner pays tax on their share of the profits.

As a partnership, you are required to choose a ‘nominated partner’ – the partner responsible for managing and keeping financial business records. All partners in a business partnership are required to send HMRC a self-assessment tax return every year. In addition to this, the nominated partner must also submit a partnership self-assessment tax return annually. Ensuring these returns are performed accurately is vital as HMRC will issue penalties for incorrect or late tax returns.

Why not remove the burden of keeping accounts for you and your partners? Partnerships that use outsourced bookkeeping services are free from the pressures of keeping financial records and filing tax returns.