Welcome to FMA Cloud Limited

Our goal is to provide flexible, efficient accounting services that meet your specific business requirements, whether through our recommended Xero platform or by supporting your preferred accounting software

• Xero accounting platform: Complete business set up on Xero, implementation and configuration for a seamless transition to our recommended platform, providing training to members of your staff if necessary
• Existing software integration: Our services are compatible with your current accounting system to maintain continuity of your existing infrastructure. We have experience with NetSuite, Sage, Quickbooks and some more!
• New Software implementation: If you decide to set up your new preferred accounting software we can also offer assistance with implementation, including initial system configuration, data migration strategies, user training and orientation, customisation to match your business requirements

Our comprehensive bookkeeping services ensure your financial records are always accurate and up-to-date. We handle:

• Daily financial transaction recording
• Meticulous maintenance of financial records
• Efficient management of accounts payable and receivable
• Regular and thorough bank reconciliations
• Precise general ledger postings and reconciliations

By entrusting us with these crucial tasks, you can focus on growing your business while we keep your financial house in order. Our attention to detail and expertise in bookkeeping practices provide you with reliable financial data, essential for informed decision-making and smooth business operations.

We are committed to helping your business maintain financial transparency by providing information that enables you to make informed decisions through interpreting, analysing, and summarising financial information to provide insights into your company's financial health.

• Management accounts: providing monthly or quarterly Income Statement, Balance Sheet with analysis of variances for decision-making and resource allocation.  
• Financial Statements: support with preparation of Financial statements
• Ad hoc reporting
• International Accounting: For businesses operating across borders or as part of an international group, we can meticulously maintain your ledgers for Intercompany Transactions, Transfer pricing in compliance with IFRS or local GAAP and provide reports for consolidation.

For new businesses in need of financial infrastructure, we offer comprehensive support. Our services include (but not limited to):

• Customizing financial tools to fit your specific requirements
• Recommending the most suitable accounting software for your business
• Creating a tailored financial model, typically starting with Excel
• Structuring an effective Chart of Accounts
• Establishing efficient accounts payable and receivable systems to optimize cash flow
• Delivering regular cash-flow forecast reports

Our goal is to build a solid financial foundation that grows with your business, ensuring timely transactions and providing clear financial visibility from day one.

Our audit support services cover the entire audit process, offering:

• Comprehensive assistance throughout the audit lifecycle
• Help in preparing and organizing audit materials
• Guidance on understanding documentation requirements and formats
• Expert recommendations to enhance internal controls, accounting procedures, and reporting processes
• Direct interaction with external auditors, including attending meetings and helping craft responses to their inquiries

We aim to streamline your audit experience, ensuring it's thorough, compliant, and as stress-free as possible.

CIS (Construction Industry Scheme) registration and management  is a crucial process for contractors and subcontractors in the UK construction industry. By understanding and properly managing CIS registration and obligations, construction businesses can ensure compliance, optimize tax efficiency, and maintain smooth operations within the UK construction industry.

We can provide the following services:

For Contractors:

• Register when setting up as a new employer
• Use HMRC's online service or call the CIS helpline
• Receive confirmation from HMRC to start operating as a CIS contractor
• Verify subcontractors' employment status
• Deduct appropriate CIS tax from payments (20% for registered, 30% for unregistered)
• Submit monthly returns to HMRC
• Provide payment and deduction statements to subcontractors

For Sub-Contractors:

• Register online
• Provide UTR and NI number to contractors
• Keep accurate records of CIS deductions
• Claim CIS deductions on tax returns