Bookkeepers Barnstaple

Barnstaple Bookkeeping Services

Bookkeepers Barnstaple Devon (EX31): For any individual in Barnstaple who operates an online store, owns a small business or acts as a sole trader, it is their sole responsibility to maintain "true and fair", accurate accounting and financial records for at least 6 years. This is according to the 2006 Companies Act. If you are unable to produce such records, you may face disqualification as a Company Director and get thousands of pounds in fines. It can be more cost-effective to use a professional bookkeeping service or accountant to do this for you, since according to Accounting Today over forty percent of small businesses spend at least 80 hours per year doing their accounts, which is a considerable investment of time, and may be more efficiently spent on actually running your business.

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If the very thought of tracking liabilities and assets, writing ledgers, producing balance sheets or preparing profit, loss and financial statements brings you feelings of panic, then it is high time to get in touch with a bookkeeper in Barnstaple for help and advice.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Barnstaple Devon (EX31)

For many small business owners in Barnstaple, an obvious question when facing this challenge is "What exactly is the difference between an accountant and a bookkeeper?" The fact is that whilst at one time the process of bookkeeping, was regarded as beneath the qualifications, experience and skill-sets of an accountant, because of massive software improvements over the past decade or so, most accountancy firms in Barnstaple will now undertake bookkeeping tasks. It is fairly common for many accounting firms to have a set fee for bookkeeping services in keeping with a dedicated bookkeeper's fee. Because it provides a wider range of competition within the marketplace, this is good news for small businesses in Barnstaple, making their bookkeeping costs much more manageable than they previously were.

When considering the big difference between an accountant and a bookkeeper in Barnstaple, it is the standard of training and qualification that's required for each of these disciplines. Typically holding a degree in accounting, a professional accountant should also have had further training in tax matters and have qualifications in financial and business management. A bookkeeper in Barnstaple will undoubtedly have a good grasp of these fiscal disciplines, but may not hold the qualifications or levels of training and experience.

RESPONSIBILITIES OF A BOOKKEEPER IN BARNSTAPLE

To explain in the simplest of forms possible, bookkeeping involves the careful recording of day by day fiscal transactions of any business enterprise in Barnstaple. This will likely include, but is by no means limited to;

  • The billing of customers for goods or work completed.
  • Documenting the receipt of invoices and making sure that payment is completed promptly.
  • Highlighting any discrepancies in the financial accounts and rectifying them.
  • Recording of all financial incomings; cash, card and electronic payments included.
  • Payroll services.
  • Making sure that double-entry bookkeeping and accounting practices are followed at all times.
  • VAT submissions and recording.
  • Monthly reporting and reconciliation.
Bookkeeping Barnstaple UK (01271)

Based upon service level you need, e.g. you're in a position to undertake the vast majority of bookkeeping work; a bookkeeper might only be necessary for double-checking your figures on a fixed schedule. At the bare minimum this should be every month, to enable the rapid detection and correction of any problems or mistakes. This may be an extremely cost-effective trade-off, as long as you are confident of staying on top of your monetary transactions without compromising your day by day business activities.

It's a good bet that if you're thinking of hiring a bookkeeping firm in Barnstaple, you're currently stressed with the financial recording side of your small business. A professional bookkeeper will be able to provide advice on everything from invoicing, preparing expense reports and stocktaking, to linking your business accounts with the latest, most up-to-date software to facilitate the seamless sorting of data.

Bookkeeping Enquiries in Barnstaple Devon

The ability to reconcile accounts payable with cash flow, is an especially important element of good bookkeeping. This means that instead of waiting for an overdue notice, which many small businesses in Barnstaple are guilty of doing, or paying a bill right away, your bookkeeper will optimise bill payments to a time when your accounts are in good shape and buoyant. Together with keeping your business enterprise on a secure financial footing, this also maintains your reputation with service providers and suppliers. When, as an individual, you are mainly focussed on running your day to day business activities, this can be a balancing act that is hard to perform.

Bookkeeper Near Barnstaple Devon

For your small business enterprise, or if you are a sole trader, using a certified bookkeeper in Barnstaple, presents you with an opportunity to have a fresh eye cast over your business affairs. It may be that business patterns and trends that you have overlooked could thus be pinpointed. A situation where a smart bookkeeper flags up an area where profits are decreasing, or spots an opportunity which could prove lucrative, is by no means an unusual occurrence. These KPI's (key performance indicators) are crucial in driving growth for any business enterprise in Barnstaple.

If you give out invoices in your business operations, needing to pursue late payments can be fairly embarrassing. Some of that embarrassment can be taken away by having a professional outside your normal business bubble make that phone call or visit to your client. If you've got a repeating late or non-payer there are legal procedures a professional bookkeeper can employ to help to clear up the situation before the matter ends up in a claims court.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

There are some pretty uncomplicated bookkeeping requirements for sole traders, which are set out in law. It's stipulated that a sole trader should track expenditure and income from month to month and save all receipts and invoices. While this may sound easy it is still recommended that you retain the expertise of a bookkeeping company. So that you will be able to claim back all valid business expenses from HMRC, a specialised sole trader bookkeeper in Barnstaple can advise you on what you have to do. This may include bills and rent if you work from home, items such as laptops, promotional advertising, stationery goods and printer ink. If you'd like to get more in-depth advice, and discover how your business can grow moving forward, speak to your local bookkeeper.

ONLINE TRADERS IN BARNSTAPLE

Bookkeeping Services Barnstaple

There are a number of niche businesses where a specialist bookkeeping service could be needed. You're going to need a bookkeeper in Barnstaple who understands online payments, cross-border and international taxes, exchange rate transfers and multi-currency processing, if you operate a store online for example. Regulating your stock on a 24/7 basis is also a huge priority, if that same store distributes goods that you produce or hold, as I'm sure you're aware the internet doesn't sleep, so neither should your bookkeeping software or services.

It's also possible to establish a virtual office, that can be used together with your bookkeeping services and package. This allows a sole trader or online only business to have a postal address and telephone service to offer a physical connection to their clients. Although this option might not be provided by all bookkeeping businesses in Barnstaple, it's definitely worth a discussion if this is something that is required.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many qualifications for the bookkeeping sector are at Diploma or Certificate level, and a qualified bookkeeper in Barnstaple does not need to have a degree. There are a growing array of courses available online, although bookkeeping qualifications can still be gained through further education colleges and universities.

To provide training and certification for bookkeepers, there are basically 2 main organisations of interest:

Local Bookkeeping Services Barnstaple (EX31)

The Association of Accounting Technicians or AAT: Able to use the letters AATQB, a certified member of the Association of Accounting Technicians (AAT) will have completed a training schedule and advanced qualifications in bookkeeping practice. This guarantees a minimum standard of service to their customers which is backed by the organisation, and enables them to become a licensed AAT bookkeeper. To safeguard the trustworthiness of the AAT membership, if a bookkeeper who's associated with the AAT has a complaint against them or is found to have contravened the code of conduct they will be subject to tribunal and disciplinary processes.

The ICB or Institute of Certified Bookkeepers: Providing certification for qualified bookkeepers, along with reference material and training to keep their associated members current with the latest trends and developments, the Institute of Certified Bookkeepers or ICB is the largest organisation of its kind in the world.

By visiting the register of ICB or ATT members on their respective websites, you can confirm the qualifications of any Barnstaple bookkeeper. Before you use any bookkeeper in Barnstaple it's generally a good idea to implement this check.

(Tags: Bookkeeping Services Barnstaple, Bookkeeping Accountants Barnstaple, Bookkeeping Service Barnstaple, Bookkeepers Barnstaple, Bookkeeper Barnstaple)

Book Bookkeeper in Barnstaple UK

Bookkeeping services are available in Barnstaple and also nearby in: Umberleigh, Landkey, Goodleigh, Strangeways, Shirwell, Miles Platting, Bishops Tawton, Lydacott, Roundswell, Tawstock, Whiddon Valley, Swimbridge, Sticklepath, and in these postcodes EX31 1GB, EX31 1LS, EX31 1QX, EX31 1RZ, EX31 1YN, EX31 1RX, EX31 1QF, EX31 1RP, EX31 1QN, EX31 1SY. Local Barnstaple Bookkeepers will probably have the postcode EX31 and the phone code 01271. Checking this out can guarantee that you are accessing locally based bookkeepers. Barnstaple sole traders and business owners are able to benefit from these and lots of other similar services.

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Franchise bookkeeping Barnstaple.

Devon Bookkeeper

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Around Devon you will also find: Clyst St Mary bookkeeping accountants, Burlescombe bookkeeping services, Ilsington bookkeeping, Culmstock bookkeeping services, Halberton bookkeepers, Lympstone accounts services, Sparkwell bookkeeping services, Abbotskerswell bookkeeping, Drewsteignton bookkeeping accountants, Copplestone bookkeeping, Raymonds Hill bookkeepers, Pinhoe accounts services, Sparkwell accounts services, Lynmouth accounts services, Plympton bookkeeper, Chagford bookkeeping, Sampford Peverell accounts services, Ermington accounts services, Ermington bookkeeping, Bere Ferrers bookkeeping services, Wembury bookkeeping accountants, Hennock bookkeeping accountants, Abbotskerswell bookkeepers, Loddiswell bookkeeping accountants, Broadclyst bookkeepers, Tawstock accounts services, Cheriton Fitzpaine bookkeeper, Silverton bookkeepers, North Molton bookkeepers, Stoke Gabriel bookkeeping, Plympton bookkeeper. All over Devon it should be possible to locate bookkeepers who'll offer you high quality services for your security needs. If you're unable to identify a suitable bookkeeper in Barnstaple itself you will surely be able to uncover a good one close by.

Devon Bookkeeping Enquiries

Bookkeeping Enquiries Devon

Latest Devon bookkeeping enquiries: Rishi Herbert in South Tawton, Devon was asking about bookkeeping services for his soccer club. Ronan Parr from Uplyme was searching for bookkeeping services for his nightclub. Coen Oleary wanted a bookkeeper for his letting agency near Morchard Bishop. Lucy Vaughan in Hatherleigh was interested in bookkeeping for her hairdressing business. Hettie Richmond in Denbury was enquiring about bookkeeping services for her internet sales business. Paula Ansell was searching for a bookkeeper near Princetown. Asher Mason from Culmstock was searching for bookkeeping for his reading club. Dhruv Ashton from Malborough was asking about bookkeeping for his bricklaying business. These local customers did a search for "Bookkeepers Devon" and found this webpage on Bing, Google or Yahoo.

Barnstaple Bookkeeper Tasks

Bookkeeper Tasks Barnstaple

Most Barnstaple bookkeepers will be ready to provide you with the following services: bookkeeping for clubs, credit control, VAT returns, cash books in Barnstaple, PAYE & wages, bookkeeping quotes in Barnstaple, bookkeeping services for restaurants, franchise bookkeeping Barnstaple, accounting and bookkeeping services in Barnstaple, professional bookkeeping services Barnstaple, cash flow analysis, bookkeeping services for retail outlets in Barnstaple, bookkeeping services for sole traders, accountancy packages, bookkeeping services for limited companies, payroll bookkeeping, bookkeeping for organisations in Barnstaple, invoice processing, bookkeeping services, Self-Assessment tax returns, general bookkeeping services Barnstaple, mobile bookkeeping services in Barnstaple, off-site bookkeeping, maintaining fixed asset registers in Barnstaple, tax returns, letting agent bookkeeping Barnstaple, Xero bookkeeping services, bookkeeping services for charities, and more. Listed are just an example of the activities that are performed by local bookkeepers. Barnstaple professionals will let you know their entire range of services. If there happen to be some other Barnstaple bookkeeper requirements that you want but can't see here, you should list them on the QUOTE FORM provided. We'll get back to you with information as soon as we are able.

BARNSTAPLE BOOKKEEPING QUOTES

Bookkeepers Near Barnstaple

Also find: Shirwell bookkeepers, Bishops Tawton bookkeepers, Goodleigh bookkeepers, Landkey bookkeepers, Whiddon Valley bookkeepers, Lydacott bookkeepers, Miles Platting bookkeepers, Umberleigh bookkeepers, Roundswell bookkeepers, Sticklepath bookkeepers, Strangeways bookkeepers, Swimbridge bookkeepers, Tawstock bookkeeper and more. The majority of these locations are served by local bookeepers. Barnstaple residents can get quotes for bookkeeping services by going here.

Bookkeeping Services Barnstaple

Find a Bookkeeper in Barnstaple Here
Barnstaple Bookkeeping Services (01271)
  • Barnstaple Payroll Services
  • Barnstaple Cash Flow Management
  • Barnstaple Profit and Loss Reports
  • Barnstaple Self-Assessment Bookkeeping
  • Barnstaple Small Business Bookkeeping
  • Barnstaple Cheap Bookkeeping
  • Barnstaple Sole Trader Bookkeeping
  • Barnstaple Double-Entry Bookkeeping
  • Barnstaple Accountancy Packages
  • Barnstaple Bookkeeping Price Quotes
  • Barnstaple Wages and PAYE
  • Barnstaple Self-Assessment Tax Returns
  • Barnstaple Bookkeeping Services
  • Barnstaple VAT Returns

Bookkeepers Around Barnstaple: People living in the following Barnstaple roads have recently enquired about bookkeeping services - Cherry Tree Drive, Summerland Street, Brynsworthy, Sunflower Road, Concorde Drive, Bydown, Barbican Lane, Brookdale Terrace, Azes Lane, Barbican Place, Charles, The Copse, The Terrace, The Orchards, The Bushens, Bicton Street, Allenstyle Way, The Green, Carrington Terrace, St Keyes Close, Coppice Close, Congrams Close, Brahms Way, Chestwood Avenue, Denes Close, Abbey Road, Anne Crescent, Springfield, Barn Park Road, as well as the following local Barnstaple postcodes: EX31 1GB, EX31 1LS, EX31 1QX, EX31 1RZ, EX31 1YN, EX31 1RX, EX31 1QF, EX31 1RP, EX31 1QN, EX31 1SY.

Barnstaple Bookkeeping Jobs: Find bookkeeping jobs in Barnstaple by clicking here: Barnstaple Bookkeeping Jobs

For local Barnstaple information check here

Bookkeepers in EX31 area, phone code 01271.

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(This bookkeepers Barnstaple content was last updated on 25-01-2023)