Whatever it is that you're doing with your accounting now, are you sure you're paying the right price for what you’re getting?
Who are we at Practical?
Our goal when starting our company in 2013 was to do things differently. To have the complete accounting on one simple portal that would be clear, transparent and easy to use. A portal which would ensure that decisions were made based on facts rather than assumptions. What’s more, we set out to offer a distinctively different approach to bookkeepers who communicate with you after the facts and produce annual accounts which are hard to read.
Practical is committed to ensuring our high service levels extend to the way we interact with clients.
We know we work in an industry built on trust. And trust is in part earned by clear communication and dedicated support at all times.
Your complete accounting arranged for a fixed monthly fee
One point of contact
Tax specialists, payroll administrators and financial specialists in-house
We work with the best accounting programs
Recognized tax office with a rating of 9+ and member of various branch organizations.
Annual accounts, VAT returns and salary administration included
Option to outsource payroll administration
Proactive advice from our specialists
How can we be of service?
Our accounting firm specialises in comprehensive financial services, including accounting, tax planning and preparation. This will save you money and ensure you are tax compliant.
Personalised financial advice and strategic guidance help you make informed decisions, while our streamlined processes and accurate reporting empower you to succeed in a competitive business environment.
LET LOTTE HELP YOU WITH
Accounting you can trust
Attention to detail matters
LET Jasper HELP YOU WITH
Financial advice
Ensuring transparency together
LET Merel HELP YOU WITH
Business advice
The art of precision
LET Timo HELP YOU WITH
Legal advice
Helping you in achieving top results
LET Sanne HELP YOU WITH
Payroll administration
A partnership that works for you
LET Hugo HELP YOU WITH
Tax advice
The roadmap to success
LET LOTTE HELP YOU WITH
Accounting you can trust
Attention to detail matters
LET Jasper HELP YOU WITH
Financial advice
Ensuring transparency together
LET Merel HELP YOU WITH
Business advice
The art of precision
LET Timo HELP YOU WITH
Legal advice
Helping you in achieving top results
LET Sanne HELP YOU WITH
Payroll administration
A partnership that works for you
LET Hugo HELP YOU WITH
Tax advice
The roadmap to success
Looking for something else?
Send us an email or call to discuss your needs: one of our team will be pleased to have an informal chat about how Practical might be of assistance.
Benefits of outsourcing financial administration
Outsourcing your financial administration offers numerous benefits compared to doing it yourself. Save time and costs, rest assured that your bookkeeping is up-to-date and have access to real-time financial insights. Partnering with Practical is the smart choice.
Save a lot of time
Your time as an entrepreneur is precious. The time you normally spend on administration, you can spend it on matters that deserve your attention.
Provide the invoices and receipts via your smartphone, e-mail, Dropbox or Google Drive and we process them in the accounting. You no longer have to delve into all the rules and laws surrounding the administration.
Real-time insight into the finances
At Practical we work with you as an entrepreneur via an online accounting platform.
As a result, our customers always see the same data as we do. This gives you real-time insight into the company allowing you to know at any time of the day how your company is doing financially.
Take advantage of taxbenefits
The laws and regulations of the Tax and Customs Administration change regularly.
Our own tax specialists have all the tax knowledge in-house to keep a close eye on all these laws and regulations. This way they can make the best choices for your company.
Avoid fines
At Practical we are aware of all legal deadlines and we know exactly when something needs to be done.
Because we process the administration within 24 hours, we immediately see when something needs attention. This way we avoid expensive fines.
Year-end closing 2024
Dear entrepreneur,
At Practical | Excellence in Finance, we have completed the year-end closing of your administration in Yuki for the financial year 2024. Our team has carefully processed the available data, prepared the financial reports, and finalized the administration. However, we would like to emphasize the importance of your own review at this stage.
Your role in reviewing the administration
Although we conduct thorough checks throughout the year and during the finalization, we rely on the information you provide. In some cases, certain data may not have been uploaded, or nuances in the administration may not have been fully accounted for. To prevent adjustments later in the process, we kindly request you to carefully review the administration in Yuki, paying particular attention to:
- Revenue and expenses: Review the profit and loss statement. Do the reported income and expenses match your records?
- Assets and liabilities: Check the balance sheet. Are all assets and liabilities accurately represented?
Take time for a careful review
We ask you to take the next 14 days to thoroughly review the draft figures. Should you have any questions, comments, or suggestions, please let us know. This is the moment to identify any inaccuracies or missing data. Please see the video below where we outline how to look in your administration and where you can find the financial details.
What can you expect from us?
If necessary, we are here to:
- Provide clarification regarding the figures or specific entries.
- Make adjustments if any data is found to be missing or incorrect.
- Schedule an (online) meeting to discuss the figures through this link. During this session, we can go over the financial reports together and address any questions you may have.
What happens if we do not receive a response?
If we do not receive a response from you within 14 days, we will assume that you approve the draft figures. Based on this, we will:
- Finalize the administration, ensuring no further bookings can be made for the 2024 financial year.
- Prepare the final financial statements and transfer them to our tax team.
- File the corporate income tax or personal income tax return.
As preparing the financial statements and tax return requires careful and time-intensive work, we aim to avoid any corrections afterward. Any adjustments made after finalization may be charged as additional work.
Please note: possible delays in tax processing
Finalizing the 2024 financial year allows us the flexibility to address urgent matters within your business. Once we receive your approval of the draft figures, or after the 14-day deadline, we will transfer the administration to our tax team.
Please be aware that processing the financial statements and the related tax return may take longer, depending on peak workloads during this period. We appreciate your understanding and strive to complete everything as carefully and promptly as possible.
If you have specific deadlines or urgent matters related to the tax aspect of the financial statements, please let us know in advance so we can take this into account where possible.
How can you reach us?
Do you have questions or would you like to schedule a meeting to discuss the figures? Please contact us at +31 (0)88 011 40 00 or schedule an appointment directly via the link in our email signature. Together, we will ensure that your administration is complete and accurate.
We look forward to hearing from you!
Kind regards,
The team at Practical | Excellence in Finance
Request a demo
Curious about what we can do for your company in the field of accounting, payroll admin, taxation or controller advice?
Any changes to your bookkeeping will be immediately accessible in your customised financial dashboard. Now what’s what we call real-time insight into your finances.
Get in touch
Call us or send an email for an informal conversation about how can we might help you and your company achieve the desired results.
