What is included in Kounted's monthly bookkeeping service?

Monthly Bookkeeping — What's Included

Kounted's monthly bookkeeping service keeps your financial records current, accurate, and audit-ready every month. Here is exactly what is included.

Core Deliverables (Every Month)

• Bank reconciliation — all business accounts reconciled to closing balance
• Transaction categorisation — every income and expense posted to the correct account
• Accounts receivable tracking — outstanding customer invoices flagged
• Accounts payable management — supplier bills logged and tracked
• Accrual adjustments — prepayments, accruals, and deferred income posted
• Depreciation posting — fixed assets depreciated on schedule
• Management accounts pack — delivered within 10 business days of month-end

Management Accounts Pack Contents

Each month you receive:

1. Profit & Loss Statement — current month and year-to-date vs prior year
2. Balance Sheet — snapshot of assets, liabilities, and equity
3. Cash Flow Summary — operating cash position
4. Key Metrics Dashboard — gross margin, EBITDA, debtor days
5. Commentary — plain-English notes on significant movements

What You Need to Provide

• Bank statements (or connected bank feed via Xero)
• Sales invoices (raised by you or via Xero)
• Purchase receipts and supplier invoices (uploaded via our shared folder or WhatsApp)

What Is Not Included

• Payroll processing (separate service)
• VAT return filing (separate service)
• Annual accounts preparation (included as part of year-end close)
• Audit coordination (separate service)

Delivery Timeline

Management accounts are delivered within 10 business days of each month-end, assuming all source documents have been received by the 3rd of the following month.