Technical Expertise in UK Accounting: How Eximious Global is Helping UK Accounting Firms

Eximious Global is an outsourcing company based in India that provides accounting services to UK-based firms. The company has extensive knowledge of the technical aspects of UK accounting and is aware of the latest developments in the field. The technical aspects of UK accounting that Eximious Global is aware of include the following:

UK GAAP and IFRS: Eximious Global has a deep understanding of the Generally Accepted Accounting Principles (GAAP) in the UK, which include the Financial Reporting Standard for Smaller Entities (FRSSE), FRS 102, and FRS 105. They are also well-versed in the International Financial Reporting Standards (IFRS) used by many UK-based firms.

Taxation: Eximious Global has expertise in UK taxation laws andregulations, including income tax, corporation tax, value-added tax (VAT), and payroll taxes. They are familiar with the latest developments in UK tax laws and can help firms comply with tax regulations.

Bookkeeping and accounting software: Eximious Global has experience working with various bookkeeping and accounting software used in the UK, including Xero, QuickBooks, Sage, and MYOB. They can provide customized solutions based on the client’s software preferences.

Financial statements and reports: Eximious Global can prepare financial statements and reports for UK-based firms, including profit and loss statements, balance sheets, cash flow statements, and management accounts. They can also provide financial analysis and forecasting services.

 Audit and assurance: Eximious Global have experience working with UK- based auditors and can provide support during the audit process. They can also provide assurance services such as reviewing financial statements and performing internal audits.

Many UK accounting firms that are working with Eximious Global are benefiting from their technical expertise. The firms can focus on their core business activities while Eximious Global handles the accounting and bookkeeping tasks. This has resulted in cost savings for the firms as they do not have to hire and train in-house accounting staff.

Eximious Global’s expertise in UK accounting has also helped firms to comply with UK tax regulations and prepare accurate financial statements and reports. The firm’s familiarity with UK-based accounting software has enabled them to provide customized solutions based on the client’s preferences.

To sum up, Eximious Global’s technical expertise in UK accounting has helped many UK-based firms in their accounting and bookkeeping tasks. Their knowledge of UK GAAP and IFRS, taxation, bookkeeping and accounting software, financial statements and reports, and audit and assurance has benefited their clients by enabling them to comply with UK tax regulations and prepare accurate financial statements and reports.