Bookkeepers Aylesford Kent (ME20): To comply with the 2006 Companies Act, if you run an online store, own a small business or are a sole trader in Aylesford, you're entirely responsible for maintaining accurate, "true and fair" accounting and financial records for a minimum of six years. You might be disqualified as a Company Director and face thousands of pounds in fines, if you can't produce such information. There's a large investment of time involved with compiling these financial recordings on your own, and it's often more cost-effective to employ a professional bookkeeper or accountant, especially when you consider that according to the trade magazine Accounting Today over forty percent of small business owners spend over eighty hours each year doing their bookkeeping.
The time has come to get in touch with a bookkeeper in Aylesford for advice and guidance, if you are overcome with a sense of panic just thinking about the possiblility of filling out ledgers, tracking liabilities and assets, producing balance sheets or creating profit, loss and financial statements.
BOOKKEEPER OR ACCOUNTANT?
"Exactly what is the difference between an accountant and a bookkeeper?" Is a question that is asked by many people in Aylesford. The fact is, due to improvements in software over the past ten years or so many accountancy companies in the Aylesford area will undertake bookkeeping, which was at one time considered to be beneath their skill-sets, experience and qualifications. It is quite common for accountancy companies to have a flat rate for bookkeeping services consistent with a typical bookkeeper's fee. This means the cost of bookkeeping is cheaper than it once was, and is excellent news for business owners in Aylesford as it provides a wider range of competition within the marketplace.
The main difference between a bookkeeper and an accountant is the amount of training needed. An accountant will generally hold at least a degree in accounting with specialist training in the field of taxes and other financial and business management. While having a decent understanding of these disciplines, a bookkeeper in Aylesford may not necessarily have the qualifications or levels of experience and training.
A BOOKKEEPER'S RESPONSIBILITIES
The recording of day to day financial transactions of any business or enterprise in Aylesford, describes the act of bookkeeping in the simplest of terms. This will include, but is not limited to;
- The billing of customers for goods or work completed.
- VAT submissions and recording.
- Payroll services.
- Highlighting and rectifying any discrepancies in financial accounts.
- Monthly reconciliations and reports.
- Recording of all financial incomings; card, cash and electronic payments included.
- Ensuring accounting and double-entry bookkeeping practices are followed.
- Recording the receipt of invoices and ensuring that payment is completed by the due date.
Contingent upon the level of service you require, a professional bookkeeper might just be needed to periodically double-check your accounts, if you're able to carry out the larger part of your own bookkeeping work. To enable any mistakes or problems to be identified and corrected quickly, this ought to be done each month at the bare minimum. This trade-off can sometimes be the most affordable compromise if you are confident of staying up-to-date with your day by day financial transactions and trading operations.
If you're currently thinking of hiring a bookkeeper in Aylesford, whatever your situation is, there's a fair chance that you might be struggling with your financial recording procedures. A professional bookkeeper will help you with everything from producing expense reports, stocktaking and invoicing, to linking your business accounts with the latest software to seamlessly process all of your transaction data.
One of the most crucial elements of good bookkeeping, is the ability to efficiently reconcile cash flow with accounts payable. This means that rather than waiting for an overdue notice, which many small businesses in Aylesford are guilty of, or paying a bill immediately, your bookkeeper will schedule bill payments to times when your finances are in good order. This does not just keep your enterprise or business financially secure, but keeps you in good stead with suppliers and those who provide you with services. Regrettably, this is just one of those balancing acts that can be difficult to perform when you're firmly focussed on the streamlined running of your everyday business activities.
If you are a sole trader, or operate a small business, employing a certified bookkeeper in Aylesford, also gives them an opportunity to cast an independent eye over the financial dealings of your business. It is entirely possible that an independent evaluation like this will pinpoint business patterns and trends that have previously been missed. It is not at all unusual for a smart bookkeeper to flag up an area which is dropping off in profits, or spot a brand new opportunity that could be lucrative. It's important for powering growth in any enterprise in Aylesford, to spot such key performance indicators.
Having to chase up a late payment can be an awkward situation for you, if you send out invoices as part of your business operations. If that visit to your customer or telephone call is done by an individual outside your business situation, it's possible for some of that embarrassment to be taken away. There are legal solutions a professional bookkeeper can make use of, if you're troubled with a consistent late payer, and these can help to clear up the issue before the matter winds up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
As a sole trader the requirements for bookkeeping, as set out in law, start off relatively straightforward. It is required that a sole trader must keep track of expenditure and income from month to month and save all invoices and receipts. Although this might initially sound fairly easy, retaining the services of a bookkeeper is still a good idea. A dedicated sole trader bookkeeper in Aylesford will be happy to advise you on what you can claim back from HMRC as business expenses. This could include stationery, consumables, promotional advertising, bills and rent if working from home and items such as computing equipment. To discover how they can help your business grow, chat to your bookkeeper for more comprehensive guidance and advice.
ONLINE TRADERS IN AYLESFORD
Some business enterprises that work in niche areas, may need to use a specialised bookkeeper. You will require a bookkeeper in Aylesford who is familiar with exchange rate transfers, cross-border and international taxes, multi-currency processing and online payments, if you operate an online store for example. If you hold or produce the merchandise that you sell with that outlet, then it's going to be a major priority for your bookkeeping services and software to control your your inventory and stock on a 24 hours a day basis, given that the internet doesn't sleep.
In conjunction with your bookkeeping service, a virtual office can also be supplied. Providing a physical connection to their customers, this allows a sole trader or online only business to have a postal address and phone service. Not all Aylesford bookkeeping companies will be willing to provide this service, but it's worth talking about the possibilities if it is needed.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A lot of the bookkeeping industry qualifications are at Certificate and Diploma level, and it isn't mandatory for a qualified bookkeeper in Aylesford to hold a degree in accounting. There is an ever-increasing range of courses available online, although bookkeeping qualifications can still be gained via further education universities and colleges.
Training and certification for bookkeepers is mostly provided by 2 organisations:
The Institute of Certified Bookkeepers or ICB: Offering accreditation to certified bookkeepers, along with reference material and training to keep their members up-to-date with the latest trends and innovations, the ICB or Institute of Certified Bookkeepers is the largest bookkeeping organisation anywhere in the world.
The Association of Accounting Technicians or AAT: Able to use the letters AATQB, a certified member of the AAT (Association of Accounting Technicians) will have been provided with advanced qualifications and training in bookkeeping. They are then allowed to become approved AAT bookkeepers, which assures their clients a standard of service which is backed by the association. If a bookkeeper who is affiliated with the AAT is found to have breached the code of conduct or has a complaint against them, they may be liable to tribunal and disciplinary procedures to preserve the trustworthiness of aat membership.
The qualifications of any bookkeeper can be verified on the register of AAT or ICB members on their websites. Before you retain the services of any professional bookkeeper in Aylesford it's advisable to carry out this check.
Bookkeeping services are available for those living in in Aylesford and also nearby in: East Malling, West Malling, Snodland, Birling, Penenden Heath, Boxley, Mill Street, Quarry Wood, Sandling, Eccles, Burham, Larkfield, Maidstone, Ditton, Leybourne, Allington, Barming, New Hythe, together with these postcodes ME20 7DG, ME20 7JU, ME20 7AR, ME20 6AZ, ME20 7LT, ME20 7AS, ME20 7DU, ME20 7QQ, ME20 7AJ, ME20 7NB. Local Aylesford Bookkeepers will probably have the dialling code 01622 and the postcode ME20. Checking this should make certain that you are accessing local bookkeepers. Aylesford sole traders and business owners will be able to benefit from these and countless other comparable services.
Aylesford Bookkeeper Tasks
Most bookkeepers in Aylesford will be willing to provide you with the following accounting and bookkeeping services: QUOTE FORM provided. We'll be in touch with specifics as soon as we can., business bookkeeping in Aylesford, VAT returns Aylesford, PAYE & wages, bookkeeping prices, payment services, bookkeeping services for freelancers, bank reconciliation, double-entry bookkeeping Aylesford, bookkeeping services for societies, bookkeeping for pubs in Aylesford, bookkeeping for organisations, tax returns Aylesford, mobile bookkeeping services, accountancy packages, bookkeeping services for clubs, bookkeeping and accounting services, bookkeeping for home-based businesses in Aylesford, in Aylesford, management accounts, bookkeeping for charities, letting agent bookkeeping Aylesford, Kashflow bookkeeping services, professional bookkeeping services, corporation tax returns, bookkeeping for limited companies, maintaining fixed asset registers, partnership tax returns, bookkeeping services for small businesses, credit control, and more. These are just a few of the duties that are accomplished by local bookkeepers. Aylesford providers will keep you informed about their full range of bookkeeping services. If there are additional Aylesford bookkeeper requirements that you need but cannot see here, you can list them on the
Bookkeepers Near Aylesford
Also here.: Barming bookkeepers, Leybourne bookkeepers, Maidstone bookkeepers, Mill Street bookkeepers, Penenden Heath bookkeepers, East Malling bookkeepers, Quarry Wood bookkeepers, West Malling bookkeepers, Eccles bookkeepers, Ditton bookkeepers, Larkfield bookkeepers, Snodland bookkeepers, Burham bookkeepers, Boxley bookkeepers, Allington bookkeepers, New Hythe bookkeepers, Birling bookkeepers, Sandling and more. Most of these places are serviced by local bookeepers. Aylesford traders and businesses can get rates for bookkeeping services by going
- Aylesford Wages PAYE and CIS
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- Aylesford Payroll Services
- Aylesford Tax Returns
- Aylesford Bookkeeping Estimates
- Aylesford Tax Preparation
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- Aylesford Credit Control
- Aylesford Bookkeeping Services
- Aylesford Double-Entry Bookkeeping
- Aylesford Sole Trader Bookkeeping
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- Aylesford VAT Returns
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Bookkeepers Around Aylesford: People living in the following Aylesford areas have recently inquired about bookkeeping services - Hawthorns, Mackenders Lane, St Peters Place, Chatham Road, The Hawthorns, Friars Avenue, Hepplewhite Mews, Common Road, Salisbury Road, Hill Chase, The Lindens, Medway Court, Rowe Place, Elm Walk, Maidstone Road, Rowan Close, Gorse Crescent, Lower Warren Road, Oaks Dene, The Bounds, Clark Mews, Kit Hill Avenue, Whitepost Wood Lane, Robin Hood Lane (upper), Russell Road, Barling Close, Birch Crescent, as well as the following Aylesford area postcodes: ME20 7DG, ME20 7JU, ME20 7AR, ME20 6AZ, ME20 7LT, ME20 7AS, ME20 7DU, ME20 7QQ, ME20 7AJ, ME20 7NB.
To read local Aylesford information click here
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Bookkeepers in ME20 area, 01622.
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