Bookkeepers Aberdeen Scotland (AB10): For anyone in Aberdeen who owns a small business, acts as a sole trader or runs an online store, it is their sole responsibility to keep accurate, "true and fair" accounting and financial records for at least 6 years. This is according to the Companies Act (2006). Failing to produce such detailed records may leave you facing disqualification as a Company Director, as well as a hefty fine. There is a substantial investment of time involved with preparing such financial records yourself, and it can pay you to employ a professional accountant or bookkeeping service, especially when you consider the fact that according to Accounting Today over forty percent of small businesses spend over eighty hours every year on their accounts.
The time has come to contact a bookkeeper in Aberdeen for help and advice, if you are overcome with a sense of dread just thinking about filling out ledgers, tracking liabilities and assets, preparing profit, loss and financial statements or compiling balance sheets.
BOOKKEEPER OR ACCOUNTANT?
A common query that's asked by many people in Aberdeen is "Precisely what is the difference between a bookkeeper and an accountant?" The fact is that even though in the past the process of bookkeeping, was looked at as beneath the qualifications, skill-sets and experience of an accountant, due to software improvements over the past 10 years, most accountancy companies in the Aberdeen area will now undertake bookkeeping. To make certain their bookkeeping services are in line with a dedicated bookkeeper's fee, it's now common practice for accounting firms to have a flat rate for these services. This is excellent news for business owners in Aberdeen because it generates a wider variety of competition within the marketplace and can make the cost of your bookkeeping much more affordable than previously imagined.
When looking at the big difference between a bookkeeper and an accountant in Aberdeen, it's the standard of training and qualification that's necessary for each of these disciplines. At least an accounting degree with further training in the field of taxes and other financial and business management, will typically be held by an accountant. While bookkeepers in Aberdeen will certainly have a fair grasp of these procedures, they might not necessarily have the same levels of training and experience in this field, or hold these qualifications.
A BOOKKEEPER'S RESPONSIBILITIES
The act of bookkeeping in simple terms, is the recording of the day by day transactions of any enterprise or business in Aberdeen. This will include, but isn't limited to;
- Payroll services.
- Monthly reconciliations and reporting.
- Logging invoices received and ensuring that payment is completed by the due date.
- Recording of all financial incomings; including cash, card and electronic payments.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- VAT submissions and recording.
- Billing of customers for goods or work completed.
- Making sure that accounting and double-entry bookkeeping practices are followed.
If you are able to do a large majority of your bookkeeping work yourself; a bookkeeper may only be necessary for double-checking your records on a set schedule. To make sure that any problems or mistakes can be found and amended quickly, as a bare minimum, this should really be monthly. If you're confident of remaining in control of your day by day trading and financial transactions, this trade-off can sometimes be the most cost effective.
Whatever the circumstances are with your business or company, if you're currently considering hiring a bookkeeping service in Aberdeen, it is fairly likely that you could be getting stressed about the process of recording your financial information. A decent bookkeeping service will help you with everything from invoicing, generating expense reports and stocktaking, to linking your accounts with the latest software application to enable the seamless processing of all your data.
An especially crucial aspect of a good bookkeeper is being able to reconcile accounts payable with cash flow. Which means that instead of waiting on an overdue notice, which many small businesses in Aberdeen are guilty of, or paying an outstanding bill immediately, your bookkeeper will organise the payment of bills to times when your accounts are in the best possible position. This not only keeps your business enterprise financially sound, but keeps you in favour with suppliers and those who supply services to you. When you are mainly focussed on the smooth running of your business, this is a balancing act that can be tricky to accomplish as an individual.
If you're a sole trader, or own a small business, using a certified bookkeeper in Aberdeen, also gives them the chance to cast an expert eye over the running of your business. This independent evaluation can enable them to see business trends and patterns that you may have disregarded. A situation where an astute bookkeeper flags an area which is plummeting in profits, or identifies an opportunity that could prove lucrative, is not at all an unusual occurrence. Spotting such KPI's (key performance indicators) is vital for the economic growth of any small business in Aberdeen.
If your business sends out invoices it can sometimes be awkward to chase up late payments. By having somebody outside your normal business bubble make that telephone call or visit to your clients, some of that apprehension can be taken away. There are legal options that a bookkeeper can use, if you have problems with a persistent late payer, and they can help to clear up the issue before the situation winds up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal bookkeeping requirements if you're a sole trader, are fairly straightforward and simple. In essence, sole traders must save all invoices and receipts, and monitor income and expenditure from month to month. It is still a wise move to hire the services of a competent bookkeeper, although this may sound easy. A dedicated sole trader bookkeeper in Aberdeen can give you advice on what you can claim back from HMRC as business expenses. This could include rent and bills if you work from home, stationery goods, consumables, advertising and items such as computers. If you would like to get more detailed advice, and see how your business can grow and develop moving forward, talk to a trusted bookkeeper.
BOOKKEEPING FOR ONLINE TRADERS
There are some business niches where a specialist bookkeeper could be essential. If cross-border and international taxes, exchange rate transfers, online payment procedures and multi-currency processing are involved, for example if you run a store online, you'll want to hire a bookkeeper in Aberdeen who's familiar with these practices. Controlling your stock on a 24 hours a day basis is also a crucial concern, if that same shop sells goods that you hold or produce, as I'm sure you'll realise the internet doesn't sleep, therefore neither should your bookkeeping services and software.
It's also possible to provide a remote virtual office, that can be used in conjunction with your bookkeeping services and package. This enables a sole trader or online only business to have a postal address and phone service to offer a physical connection to their customers. Not all bookkeeping businesses in Aberdeen will be able to provide this option, however it's worthwhile talking about the possibilities if it's something that could be of benefit.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the bookkeeping sector qualifications are at Certificate and Diploma level, and it is not necessary for a professional Aberdeen bookkeeper to have an accounting degree. There is an ever-growing number of online bookkeeping courses, although qualifications can still be obtained via further education universities and colleges.
There are essentially 2 key organisations that offer certification and training to bookkeepers:
The AAT (Association of Accounting Technicians): Entitled to use the letters AATQB, a fully trained member of the Association of Accounting Technicians (AAT) will have undergone advanced qualifications and a training schedule in bookkeeping practice. This then permits them to become a authorised AAT bookkeeper and promises a certain level of service which is backed by the organisation. AAT bookkeepers can can be liable to tribunal and disciplinary processes if they have a complaint against them or are found to have broken the code of conduct. This helps to safeguard the integrity and values of the AAT membership.
The Institute of Certified Bookkeepers (ICB): Providing certification for qualified bookkeepers, in addition to training and reference material to ensure their members are up-to-date with the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest organisation of its kind anywhere in the world.
By visiting their respective websites, you are able to check out the accreditations of any professional bookkeeper on the register of ICB or AAT members. Performing these checks is always advisable before actually hiring the services of any local bookkeeper in Aberdeen.
Bookkeeping services are available for those living in in Aberdeen and also in: Westhill, Ruthrieston, Danestone, Northfield, Hayton, Dyce, Altens, Kairnhill, Kittybrewster, Kincorth, Old Aberdeen, Persley, Torry, Nigg, Mannofield, Milltimber, Kingswells, Woodside, Mastrick, together with these postcodes AB10 1DB, AB10 1FL, AB10 1SY, AB10 1HH, AB10 1PY, AB10 1TS, AB10 1SB, AB10 1RA, AB10 1JE, AB10 1NN. Local Aberdeen bookkeeper services will most likely have the postcode AB10 and the dialling code 01224. Checking this out should guarantee you're accessing locally based bookkeepers. Aberdeen sole traders and business owners can utilise these and numerous other similar services.
Aberdeen Bookkeeper Tasks
Most bookkeepers in Aberdeen will be prepared to offer you the following bookkeeping and accounting services: bookkeeping services for limited companies, management accounts in Aberdeen, bookkeeping prices, bank reconciliations, bookkeeping services for freelancers, off-site bookkeeping in Aberdeen, Sage bookkeeping, bookkeeping services for charities, management reports, profit & loss reports, independent bookkeeping services, double-entry bookkeeping, cheap bookkeeping services Aberdeen, bookkeeping for home-based businesses in Aberdeen, wages & PAYE, Quickbook bookkeeping services in Aberdeen, VAT returns, bookkeeping and accounting services, bookkeeping services for tradesmen, bookkeeping for small businesses, bookkeeping for restaurants, bookkeeping for pubs, bookkeeping for shops, bookkeeping and accounting in Aberdeen, bookkeeping services for startups, Kashflow bookkeeping services, and more. Listed are just some of the duties that are carried out by local bookkeepers. Aberdeen providers will inform you of their whole range of bookkeeping services. If there are some other Aberdeen bookkeeper requirements that you need but can't see here, you can list them on the QUOTE FORM provided. We'll be in touch with information just as soon as we can.
Scotland Bookkeeping Enquiries
The latest Scotland bookkeeping enquiries: Eloise Good from Almondbank, Scotland was looking for bookkeeping for her Zumba class business. Mikaeel Lawler in Birkhill was looking for a bookkeeper to do his Self-Assessment tax returns. Bonnie Bailey in Pitlochry was searching for a bookkeeper to do her tax returns. Aubrey Richards from Pencaitland was looking for bookkeeping for her garment company. Fabian Bowes in Lesmahagow was enquiring about a bookkeeper for his rugby club. Douglas Kay in Fallin, Scotland was searching for bookkeeping for his bar. Meredith Coulter from Dufftown was enquiring about a bookkeeper for her coffee shop. Frank Lloyd in Newburgh, Scotland was enquiring about bookkeeping for his fishing shop. All of these people did a search for "Bookkeepers Scotland" and discovered this webpage on Yahoo, Bing or Google.
Around Scotland you'll also find: Howwood bookkeepers, Aberfeldy bookkeeper, Milton of Campsie bookkeepers, Auchterarder bookkeeping services, Mossblown bookkeeper, Uddingston accounts services, Newton Mearns bookkeeping, Maud bookkeeping, Carron bookkeepers, Peterculter bookkeeper, Milnathort bookkeepers, Westhill bookkeepers, Inverbervie bookkeepers, West Kilbride bookkeeping services, Halkirk bookkeeping, Banknock accounts services, Maryburgh bookkeepers, Peterculter bookkeeping accountants, Slamannan bookkeeping accountants, Invergowrie bookkeeping accountants, Ballingry bookkeeping accountants, Gourdon bookkeeping, Linwood bookkeeping services, Dyce bookkeeping services, Busby bookkeeper, Stanley accounts services, Cairneyhill bookkeeping accountants, Bargeddie accounts services, Pittenweem bookkeeping, Lennoxtown bookkeepers. In every part of Scotland it should be possible to find bookkeepers who'll provide various services for your security needs. If you can't identify a suitablein Aberdeen itself then you will surely be able to uncover a decent one near at hand.
Bookkeepers Near Aberdeen
Also here.: Westhill bookkeepers, Mannofield bookkeepers, Persley bookkeepers, Nigg bookkeepers, Kairnhill bookkeepers, Mastrick bookkeepers, Old Aberdeen bookkeepers, Danestone bookkeepers, Kincorth bookkeepers, Altens bookkeepers, Kingswells bookkeepers, Kittybrewster bookkeepers, Milltimber bookkeepers, Northfield bookkeepers, Torry bookkeepers, Dyce bookkeepers, Hayton bookkeepers, Woodside bookkeepers, Ruthrieston and more. All of these areas are covered by local bookeepers. Aberdeen businesses and traders can get pricing for bookkeeping services by going
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Bookkeepers Around Aberdeen: People living in the following areas and roads have just recently requested bookkeeping services - Ruthrie Terrace, Craigden, South Esplanade East, Russell Road, Ronaldsay Road, Ingram Walk, Charlotte Street, Pentland Place, Claremont Place, South Square, Correction Wynd, Fara Close, Jasmine Way, Queens Links Leisure Park, Ash-Hill Way, Craigendarroch Avenue, Regent Quay, Granitehill House, Stewart Park Court, Margaret Street, Guild Square, Northcote Crescent, Queen's Cross, Gray Street Mews, Hill Street, Craigton Court, Hilton Place, Castleton Park, Heathryfold Place, Elmbank Terrace, as well as the following Aberdeen area postcodes: AB10 1DB, AB10 1FL, AB10 1SY, AB10 1HH, AB10 1PY, AB10 1TS, AB10 1SB, AB10 1RA, AB10 1JE, AB10 1NN.
More Scotland Bookkeepers: More Greenock, Ayr, Coatbridge, Hamilton, Inverness, Motherwell, Dundee, Dumfries, Stirling, Perth, Kilmarnock, Irvine, Kirkcaldy, Livingston, Cumbernauld, Aberdeen, East Kilbride, Airdrie, Dunfermline, Edinburgh, Paisley, Glasgow, Glenrothes and Falkirk.:
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Aberdeen Bookkeeping Jobs: See bookkeeping jobs in Aberdeen by clicking here: Aberdeen Bookkeeping Jobs
Bookkeepers in AB10 area, (dialling code 01224).
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