
MAAP has been servicing the accounting requirements of the Christchurch and Bournemouth business community since 1991. We are a firm that focuses on traditional financial accounting as well as offering an out-sourced book-keeping service that can cut costs and free clients to get on building their own business instead of being bogged down with paperwork.
Our past and present clients include the smallest of new start-up businesses to multi-million pound turnover enterprises. We also have acted as software design advisers to other accounting firms throughout the UK, the Channel Islands and Ireland as well as accounting software houses such as Sage, Pegasus and TAS.
We are now focusing our efforts on building a practice that delivers a viable out-sourced accounting function for small businesses. MAAP can currently relieve a business of all of its day-to-day book-keeping, VAT and payroll functions and then deliver year end financial statements for a fee that will probably match what they are paying their existing accountant just to deal with their affairs once a year.
MAAP has devised a simple approach to fulfilling the accountant's role by making the best use of reliable technology and only using internal staff that are well trained to carry out the work correctly and efficiently.
Clients will only feel confident about the idea of out-sourcing their book-keeping and accounting function if they can retain a sense of control over the whole process. A position we can fully understand.
We firstly accept that you cannot afford to have your books and records off site for any length of time. You will need these records to answer enquiries from customers and suppliers as they arise. So we take in, process and return most of our clients' records within 24 to 48 hours to reduce any inconvenience caused by not having your records to the absolute minimum. Whether this is done on a regular weekly, monthly or quarterly basis depends entirely upon your needs.
When you receive back your records they are accompanied by summary reports on your financial position and profitability that can be as simple or as complex as you require. The important issue here is that you will be provided with up-to-date accounting information on how your business is performing and your current debtors and creditors position. If you only have annual accounts prepared, what's the use of learning that your profitability has slipped ten months or more after the event? You need to know immediately that your business is going off track so you can actually do something about it straight away.
Many businesses currently employ a book-keeper during the year to produce accounting records to the trial balance stage. These records are then sent on to a separate firm of reporting accountants to prepare the year end financial statements and tax calculations.
One has to ask the question wouldn't it have been more efficient to have just one firm carry out both steps? The answer is of course yes, and the reason why it very rarely happens is that book-keepers often don't have the requisite skills to prepare financial statements, and most qualified accountants cannot make a recovery from carrying out the book-keeping role.
MAAP is a licensed firm of accountants that advises other firms of accountants on IT, financial accounting and certain tax matters. We therefore feel qualified to be able to advise our own clients on such matters. We have also developed our own internal book-keeping software and systems that allow us to achieve a very high level of efficiency in processing clients' transactional data. We can therefore make a recovery on fulfilling the book-keeping role.
We get a real sense of satisfaction when our new clients realise for the first time that MAAP really can deliver a reliable accounting service throughout the whole year and not just six months after the year end ...... at a cost that is often less than they were paying before.