Bookkeepers Barnstaple

Barnstaple Bookkeeping Services

Bookkeepers Barnstaple Devon (EX31): For any individual in Barnstaple who acts as a sole trader, runs an online store or owns a small business, it's their sole responsibility to keep accurate, "true and fair" financial and accounting records for at least 6 yrs. This is according to the 2006 Companies Act. You may face disqualification as a Company Director and get thousands of pounds in fines, if you can't produce such records. It can pay you to use a professional accountant or bookkeeper to undertake this for you, as according to Accounting Today magazine over forty percent of small businesses spend at least 80 hours every year doing their bookkeeping duties, which is a significant time investment, and may be better spent on your key business activities.

Free Barnstaple Bookkeepers Quotes

If you're filled with a sense of panic just thinking about the possiblility of writing out ledgers, tracking liabilities and assets, preparing profit, loss and fiscal reports or compiling balance sheets, then the time to get in touch with a bookkeeper in Barnstaple for advice has arrived.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Barnstaple Devon (EX31)

For many people in Barnstaple, an obvious question when faced with this predicament is "What is the difference between an accountant and a bookkeeper?" The fact is, because of improvements in software over the past 10 yrs or so many accountancy companies in the Barnstaple area will take on bookkeeping, which at one time was regarded as beneath their qualifications, skill set and experience. It's now fairly common for accountancy companies to charge a flat rate for bookkeeping services commensurate with a typical bookkeeper's fee. This is fantastic news for business owners in Barnstaple since it generates a wider range of competition within the industry and can make your bookkeeping costs cheaper than previously thought.

It is basically the level of qualification and training that's needed for each of these disciplines, that reflects the big difference between an accountant and a bookkeeper in Barnstaple. An accountant will usually hold at least an accounting degree with additional training in taxation and other business and fiscal management. While likely not having this level of training and experience, or holding the same financial qualifications, a bookkeeper in Barnstaple will undoubtedly have a good grasp of all these fiscal disciplines.

A BOOKKEEPER'S RESPONSIBILITIES

In the simplest of terms, the bookkeeping process involves the careful recording of day by day financial transactions of any business in Barnstaple. This will include, but isn't limited to;

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

While it depends on the type of service you are looking for, if you're willing to undertake the larger part of your own bookkeeping work, a bookkeeper might just be needed to periodically double-check your records. This should be done each month at the bare minimum, since this allows for any mistakes or problems to be identified and corrected promptly. If you're confident of remaining up-to-date with your daily financial transactions and trading activities, this trade-off can often be the most cost-effective compromise.

If you are seriously looking at hiring a bookkeeping company in Barnstaple, whatever your circumstances, it's fairly likely that you might be struggling with your tax and financial procedures. A professional bookkeeper will be able to give advice and guidance on everything from invoicing, generating expense reports and stocktaking, to linking your business accounts with the latest software to allow the seamless processing of transactional data.

Bookkeeping Enquiries in Barnstaple Devon

One of the most important elements of good bookkeeping practice, is being able to effectively reconcile accounts payable with cash flow. Which means that instead of waiting on an overdue notice, which many small businesses are guilty of doing, or paying a bill immediately, your bookkeeper will organise bill payments to times when your accounts are in good shape. This does not just keep you in the good books of suppliers and those people who supply you with services, but also makes certain that your business is financially sound. Unfortunately, this is just one of those juggling acts that can be hard to accomplish when you're primarily focussed on the smooth running of your day to day business operations.

Bookkeeper Near Barnstaple Devon

If you are a sole trader, or operate a small business, using a competent bookkeeper in Barnstaple, also gives them the opportunity to cast a critical eye over the running of your business. It's entirely possible that an unprejudiced appraisal such as this will pinpoint business patterns and trends that have been missed previously. It's not at all uncommon for a smart bookkeeper to flag up an area where profits are dropping off, or spot a brand new opportunity that could be worthwhile. It's important for the economic growth of any small business in Barnstaple, to spot such key performance indicators (KPI's).

It can sometimes be quite embarrassing to pursue late payments if your company gives out invoices. Having a professional from outside your normal business bubble, can take away the apprehension of visiting your customers or making that telephone call. If you're troubled with a persistent late payer there are legal options that a professional bookkeeper can make use of to help resolve the issue before the situation winds up in a claims court proceeding.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The legal requirements for bookkeeping if you are a sole trader, are relatively straightforward and simple. Sole traders are required to keep track of income and expenditure from month to month and save all receipts and invoices. Whilst this may sound simple enough it is still recommended to hire the services of a bookkeeping company. So that you'll be able to claim back genuine business expenses from HMRC, a professional sole trader bookkeeper in Barnstaple will be happy to advise you on what needs to be done. This could include stationery, advertising expenses, printer ink, bills and rent if you work from home and items such as laptops. For more detailed advice, chat to your bookkeeper, and discover how they might help your business to flourish and grow going forward.

BOOKKEEPING FOR ONLINE TRADERS IN BARNSTAPLE

Bookkeeping Services Barnstaple

Specialist bookkeepers are necessary now and again for specific niches in bookkeeping. You will require a bookkeeper in Barnstaple who understands online payment procedures, multi-currency processing, cross-border and international taxes and exchange rate transfers, if you operate an online store for example. Controlling your stock on a 24 hours a day basis is also an important priority, if that same outlet sells goods that you hold or produce, as I'm sure you are aware the internet does not sleep, so neither should your bookkeeping services and software.

It's also possible to provide a virtual office, that can be utilised in conjunction with your bookkeeping package. Offering a physical link with their buyers, this enables an online only business or sole trader to have a telephone service and postal address. Not all Barnstaple bookkeepers will be in a position to provide this service, however it is worthwhile discussing the possibilities if it's something that could benefit you.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many qualifications for the bookkeeping sector are at Certificate and Diploma level, and a qualified bookkeeper in Barnstaple needn't hold a degree. If the chosen route to qualification is through further education universities and colleges, this possibility is still available, although there there's an ever-increasing number of bookkeeping courses available online.

Representing bookkeepers, there are 2 primary training and certification organisations:

Local Bookkeeping Services Barnstaple (EX31)

The Institute of Certified Bookkeepers (ICB): Offering accreditation to certified bookkeepers, along with reference material and training to keep their associated members up-to-speed with the latest trends and innovations, the ICB or Institute of Certified Bookkeepers is the largest bookkeeping organisation in the world.

The Association of Accounting Technicians (AAT): The AAT or Association of Accounting Technicians provides a training schedule with advanced qualifications enabling a fully certified bookkeeper to use the letters AATQB after their name. They're then entitled to become accredited AAT bookkeepers, which guarantees their customers a minimum standard of service which is backed by the organisation. AAT bookkeepers can can be subject to tribunal and disciplinary processes if they have a complaint filed against them or are found to have violated the code of practice. This helps to preserve the credibility of AAT membership.

It is possible to check the accreditations of any Barnstaple bookkeeper on the register of ICB or ATT members on their respective websites. Performing such checks is usually advisable before actually employing any local bookkeeper in Barnstaple.

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

Book Bookkeeper in Barnstaple UK

Bookkeeping services are available for those living in in Barnstaple and also in nearby places like: Landkey, Lydacott, Sticklepath, Miles Platting, Swimbridge, Tawstock, Ashford, Bishops Tawton, Whiddon Valley, Umberleigh, Goodleigh, Fremington, Shirwell, Roundswell, Strangeways, as well as in these postcodes EX31 1RF, EX31 1SL, EX31 1ND, EX31 1JQ, EX31 1BL, EX31 1DG, EX31 1PH, EX31 1UJ, EX31 1SW, EX31 1YN. Local Barnstaple Bookkeepers will most likely have the postcode EX31 and the telephone dialling code 01271. Checking this out can confirm that you are accessing local bookkeepers. Barnstaple sole traders and business owners can benefit from these and lots of other bookkeeping related services.

Barnstaple Bookkeeper Tasks

Bookkeeper Tasks Barnstaple

Most Barnstaple bookkeepers will be ready to provide you with the following bookkeeping and accounting services: professional bookkeeping services, bookkeeping services for retail outlets, cheap bookkeeping services in Barnstaple, management accounts, mobile bookkeeping services, bookkeeping for shops, payment services, accounting and bookkeeping, credit control, tax preparation Barnstaple, profit & loss reports, PAYE & wages, accountancy packages, bookkeeping for home-based businesses, cash flow analysis, bookkeeping services for freelancers Barnstaple, management reports, tax returns, bookkeeping for small businesses in Barnstaple, bookkeeping for clubs, bookkeeping services for societies, Self-Assessment tax returns, bookkeeping services, off-site bookkeeping services, bookkeeping services for organisations, bank reconciliations, Xero bookkeeping Barnstaple, bookkeeping for pubs Barnstaple, and more. These are just some of the activities that are handled by local bookkeepers. Barnstaple professionals will be delighted to keep you abreast of their whole range of services. If there are different Barnstaple bookkeeper requirements that you want but don't see here, you can mention them on the QUOTE FORM provided. We will be in touch with specifics just as soon as we are able.

Barnstaple Bookkeeper Questions

Barnstaple Bookkeeping Questions

The other week I was having a good look at the kinds of questions that folks ask in regard to bookkeeping in Barnstaple. Many of our visitors e-mailed in helpful enquiries that might be worthy of mentioning. The most appropriate ones seemed to be, How much do bookkeeping services cost? What are the advantages of a bookkeeper? Are bookkeeping and accounting the same? What are a bookkeeper's duties? Does a bookkeeper have to be registered? Where can I hire a bookkeeper in Barnstaple? Do bookkeepers do accounts payable? How can bookkeeping help your business? How can I get bookkeeper in Barnstaple? The majority of these enquiries will have hopefully been covered somewhere on this page, and if some remain unanswered a bookkeeping "Questions and Answers" feature will be introduced as soon as possible. A huge thank you goes to Maximus Mason, Umar Mcdonald, Fynn Sinclair and Anna Rhodes from Barnstaple, for submitting these great questions. Applicable contributions were likewise received from Ivy Hanson in Umberleigh, Zachary Pike in Whiddon Valley and Maya Stanton in Sticklepath.

Bookkeeping Enquiries Devon

Devon Bookkeeping Enquiries

Recent Devon bookkeeping enquiries: George Hutton from Landkey was enquiring about bookkeeping for his fishing shop. Stefan Hobson in Loddiswell, Devon was searching for bookkeeping services for his reading club. Tia Readman in Sandford was looking for a bookkeeper for her wedding cake shop. Jay Bloggs in Winkleigh was hunting for bookkeeping for his rugby club. Dawood Bryan needed a bookkeeper for his letting agency near Raymonds Hill, Devon. Mitchell Cann in Tiverton, Devon was trying to find bookkeeping services for his construction firm. Layton Mcmanus in Kingswear, Devon was asking about a bookkeeper for his plastering business. Oliwia Stainton from Torbryan was hunting for bookkeeping for her hairdressing business. Most of these local clients conducted a search for "Bookkeepers Devon" and discovered this website on either Bing, Yahoo or Google.

BARNSTAPLE BOOKKEEPING QUOTES

Bookkeepers Near Barnstaple

Also find: Swimbridge bookkeepers, Roundswell bookkeepers, Strangeways bookkeepers, Ashford bookkeepers, Sticklepath bookkeepers, Bishops Tawton bookkeepers, Umberleigh bookkeepers, Lydacott bookkeepers, Whiddon Valley bookkeepers, Shirwell bookkeepers, Fremington bookkeepers, Goodleigh bookkeepers, Tawstock bookkeepers, Landkey bookkeepers, Miles Platting bookkeeper and more. All these locations are serviced by local bookeepers. Barnstaple businesses and traders can get prices for bookkeeping services by going here.

Bookkeeping Services Barnstaple

Find a Bookkeeper in Barnstaple Here
Barnstaple Bookkeeping Services (01271)
  • Barnstaple Cash Flow Analysis
  • Barnstaple Cheap Bookkeeping
  • Barnstaple Tax Preparation
  • Barnstaple Payroll Services
  • Barnstaple Bookkeeping Services
  • Barnstaple Profit and Loss Analysis
  • Barnstaple Small Business Bookkeeping
  • Barnstaple Bookkeeping Estimates
  • Barnstaple Double-Entry Bookkeeping
  • Barnstaple Credit Control
  • Barnstaple Sole Trader Bookkeeping
  • Barnstaple Tax Returns
  • Barnstaple VAT Returns
  • Barnstaple Self-Assessment Bookkeeping

Bookkeepers Around Barnstaple: People who live in these areas have just recently inquired about bookkeeping services - South Hayes Copse, Allenstyle Road, Sloe Lane, Claude Dix Close, Clinton Road, Sunny Bank, Brynsworthy Park, Coppice Gate, Bowering Court, Blakeland Road, Castle Street, Archipark, Deer Park Road, Chester Terrace, Colombelles Close, Swallow Close, Beechwood Avenue, Charles Street, Bickington Hill, Sanders Lane, Brannams Square, Bellaire Drive, Bedford Row, Ballards Crescent, Barum Court, Beara Lane, Dennington Hill, Boutport Street, Chipmunk Walk, as well as the following Barnstaple area postcodes: EX31 1RF, EX31 1SL, EX31 1ND, EX31 1JQ, EX31 1BL, EX31 1DG, EX31 1PH, EX31 1UJ, EX31 1SW, EX31 1YN.

More Barnstaple Services: Naturally, whenever you are in need of a bookkeeper in Barnstaple, Devon, you will probably be in need of all types of different services and aside from a bookkeeper in Barnstaple, Devon, you might also need telemarketing in Barnstaple, EPOS in Barnstaple, digital marketing services in Barnstaple, telephone system services in Barnstaple, financial advice in Barnstaple, promotional video production in Barnstaple, HR consulting in Barnstaple, social media marketing in Barnstaple, network, database & IT support in Barnstaple, web design in Barnstaple, a marketing agency in Barnstaple, an accountant in Barnstaple, hosting & cloud services in Barnstaple, business consulting in Barnstaple, card processing in Barnstaple, pay per click advertising in Barnstaple, Ecommerce assistance in Barnstaple, and other different Barnstaple specialists.

Bookkeeping Jobs Barnstaple: Find bookkeeping jobs near Barnstaple here: Barnstaple Bookkeeping Jobs

If you need local Barnstaple information take a look here

Bookkeepers in EX31 area, and dialling code 01271.

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(This bookkeepers Barnstaple article was reviewed and updated on 26-08-2022)