Price Accounting

01/04/2026

This week marks a special milestone as we celebrate 5 years of Sarah being part of the business 🎉

Our clients know Sarah for her exceptional expertise in bookkeeping, payroll, and VAT, and for always going the extra mile to support them.

Within the team, her enthusiasm, dedication, and positive energy make her an invaluable colleague.

Thank you, Sarah, for everything you do; here’s to many more successful years ahead.

19/03/2026

You may have seen a recent email from Companies House regarding an issue with their WebFiling service.

While this was not a cyber-attack and no large-scale data access has been identified, it’s a useful reminder of the importance of keeping a close eye on your company records.

As part of our service, we have systems in place to monitor Companies House activity. This means we can quickly identify any unexpected or unauthorised changes and act promptly to resolve them.

We also recommend regularly reviewing your company details and staying alert to any notifications.

If you have any concerns or would like us to check your records, please feel free to get in touch, we’re here to help.

09/03/2026

It was great to sponsor Lancaster City FC at the weekend and have clients and partners join us for hospitality and an entertaining game.

Not the 3 points we’d hoped for but a fantastic afternoon and funds raised for St John's Hospice along the way.

07/03/2026

We’re delighted to sponsor today’s game and have clients and partners join us in hope for the sun to keep shining and the Dollies delivering 3 points! ☀️🔵⚽️

𝐓𝐨𝐝𝐚𝐲'𝐬 𝐦𝐚𝐭𝐜𝐡 𝐬𝐩𝐨𝐧𝐬𝐨𝐫

Thankyou to Price Accounting for sponsoring the game Today and we hope you enjoy your afternoon.

https://www.priceaccounting.co.uk/

𝑊𝑒 𝑜𝑛𝑙𝑦 ℎ𝑎𝑣𝑒 𝑎 𝑠𝑒𝑙𝑒𝑐𝑡 𝑓𝑒𝑤 𝑚𝑎𝑡𝑐ℎ𝑑𝑎𝑦 𝑠𝑝𝑜𝑛𝑠𝑜𝑟𝑠ℎ𝑖𝑝 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑖𝑒𝑠 𝑙𝑒𝑓𝑡 𝑡ℎ𝑖𝑠 𝑠𝑒𝑎𝑠𝑜𝑛. 𝑒𝑚𝑎𝑖𝑙 𝑠𝑒𝑐𝑟𝑒𝑡𝑎𝑟𝑦@𝑙𝑎𝑛𝑐𝑎𝑠𝑡𝑒𝑟𝑐𝑖𝑡𝑦𝑓𝑐.𝑐𝑜𝑚 𝑓𝑜𝑟 𝑚𝑜𝑟𝑒 𝑖𝑛𝑓𝑜.

04/02/2026

It was great to attend the launch of the Lancaster District Peer Mentor Scheme last week.

Thanks to Paul Aisthorpe (Scale-Ability), Farrah Boutros (Lancaster City Council) and Graham White (Lancaster & Morecambe Chamber of Commerce) and their organisations for coming together to organise and deliver it.

Looking forward to putting Paul's excellent mentor training into action and working together with a great group.

18/01/2026

Auto-reconcile with Xero: Benefits, Risks, and Best Practice

Automating your bookkeeping with Xero can significantly improve efficiency and accuracy when managed correctly. Features such as auto-reconcile allow bank transactions to be matched automatically with invoices, bills, and bank rules, reducing manual data entry and speeding up reconciliation processes. For small and growing businesses, this automation supports better cash flow visibility, faster month-end reporting, and more reliable real-time financial data, helping business owners make informed decisions with confidence.

Despite these advantages, automation should always be supported by regular review and professional oversight. Xero’s auto-reconcile function is only as effective as the rules and settings behind it. Without proper monitoring, errors can occur and impact financial reporting and compliance. Key risks to be aware of include:

❌Incorrect transaction matching caused by poorly configured rules
❌Misclassification of income and expenses affecting management accounts
❌VAT coding errors that may lead to compliance issues with HMRC
❌Duplicate or missing transactions if bank feeds are not reviewed
❌Reduced visibility of irregular or suspicious activity

At Price Accounting, we help businesses implement Xero automation using best practice methods that balance efficiency with control. Our team provides expert setup, tailored reconciliation rules, routine reviews, and ongoing bookkeeping support to ensure your financial records remain accurate and compliant.

If you want to automate your bookkeeping with confidence, contact Price Accounting today and discover how we can support your business growth.

09/01/2026

It’s been a pleasure to have Lucy with us this week on Work Experience from Ripley St Thomas Church of England Academy. Her enthusiasm and willingness to support the team has been fantastic.

We wish Lucy every success in her studies and career, perhaps in accountancy if we managed to make a good impression!