Bookkeepers Basildon Essex (SS13): Irrespective of whether you operate a small business, are a sole trader or run an online store in Basildon, you're entirely responsible for maintaining "true and fair", accurate accounting and financial records for at least 6 years according to the Companies Act. You could face thousands of pounds in fines, and perhaps disqualification as a Company Director, if you can't produce this information. It can pay to use a professional bookkeeper or accountant to accomplish this for you, because according to the trade magazine Accounting Today over 40% of small businesses spend at least eighty hours annually on their bookkeeping tasks, which is a considerable investment of time, and may be better spent on actually running your business.
If you are filled with dread just thinking about writing out ledgers, preparing profit, loss and fiscal reports, compiling balance sheets or tracking liabilities and assets, then the time to get in touch with a bookkeeper in Basildon for assistance has arrived.
BOOKKEEPER OR ACCOUNTANT?
The first question that a lot of people ask is "Exactly what is the difference between an accountant and a bookkeeper?" In the old days it was normally considered to be to be beneath the skill-sets, qualifications and experience of an accountant to do the work of a bookkeper, but due to massive improvements in software over the past 10 years or so, many bookkeeping duties will now be undertaken by accounting firms in the Basildon area. Most accountancy companies now have a fixed rate for bookkeeping services, to keep them commensurate with what an independent bookkeeper in Basildon would routinely charge. This is great news for business owners because it provides a wider variety of competition within the industry and can make your bookkeeping far more affordable than previously imagined.
It is essentially the level of qualification and training that's needed for each of these disciplines, that indicates the main difference between an accountant and a bookkeeper in Basildon. An accountant will, at the minimum, hold an accounting degree, and should have also had specialist training in fiscal and business management, and taxes. A bookkeeper in Basildon may not have the same levels of experience and training, or hold these qualifications, but will still have a good understanding of such disciplines.
A BOOKKEEPER'S RESPONSIBILITIES
In the simplest of terms, the bookkeeping process involves the recording of daily financial transactions of any business or enterprise in Basildon. This could include, but is not limited to;
- VAT recording and submissions.
- Highlighting and rectifying any discrepancies in the financial accounts.
- Making sure that double-entry bookkeeping and accounting practices are implemented.
- Payroll services.
- Billing of customers for goods or work completed.
- Monthly reconciliations and reports.
- Documenting of all financial incomings; electronic, cash and card payments included.
- Recording the receipt of invoices and making sure payment is completed by the due date.
Based on the level of service you need, e.g. whether you're happy to do the bulk of your bookkeeping work; a bookkeeper might just be necessary for double-checking your records every once in a while. At the bare minimum this ought to be done on a monthly basis, to enable the swift detection and rectifying of any mistakes or problems. This trade-off can sometimes be the most cost-effective option if you're confident of keeping up-to-date with your day to day trading and financial transactions.
Whatever your scenario, if you're considering hiring a bookkeeper it's fairly likely that you might be getting stressed about the financial recording side of your small business in Basildon. A professional bookkeeping company will be able to provide advice and guidance on everything from stocktaking, generating expense reports and invoicing, to linking your accounts with the most up-to-date software application to allow the seamless pull-through of financial data.
One of the most crucial aspects of good bookkeeping practice, is being able to effectively reconcile accounts payable with cash flow. This means that rather than waiting on a final notice, which many small businesses in Basildon are guilty of doing, or paying an outstanding bill immediately, your bookkeeper will organise the payment of bills to times when your finances are in good shape. This not only keeps your enterprise or business on a good financial footing, but keeps you in the good books of suppliers and those people who provide you with services. When, as an individual, you are mainly focussed on running your business, this can be a balancing act that is hard to perform.
For your small business enterprise, or if you're a sole trader, employing a certified bookkeeper in Basildon, presents you with the opportunity to have an independent eye cast over your financies. It could be that business patterns and trends that you have overlooked could therefore be brought to the fore. It's not at all uncommon for a smart bookkeeper to flag an area of the business which is decreasing in profits, or spot a new opportunity which could be worthwhile. It is vital for ensuring the growth of any business enterprise in Basildon, to spot these key performance indicators (KPI's).
Having to chase up late payments can be an humiliating scenario for you, if you send out invoices as part of your business operations. Having somebody outside your normal business situation, can take away the apprehension of visiting your client or making that phone call. There are legal options a bookkeeper can employ, if you are troubled with a consistent late or non-payer, and these can help to resolve the issue before the matter ends up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The bookkeeping requirements for a sole trader, as set out in law, are pretty uncomplicated and easily understood. This involves saving all invoices and receipts in relation to the business, and tracking income and expenditure from month to month. Now, this doesn't seem too difficult does it? But, it's still recommended that you hire the services of a bookkeeper to make sure that it is all done properly. So that you will be able to claim back all valid business expenses from HMRC, a professional sole trader bookkeeper in Basildon will be in a position to advise you on what you must do. This may include printer ink, rent and bills if you work from home, items such as laptops, stationery goods and promotional advertising. Chat to your bookkeeper for more detailed advice and learn how they can help your business grow.
There are certain niche areas in bookkeeping where a specialist may be needed. If, for instance, you manage an online store, you will require a bookkeeper in Basildon who understands exchange rate transfers, online payment procedures, multi-currency processing and international and cross-border taxes. If you hold or produce the merchandise that you sell through that store, then it is going to be a huge priority for your bookkeeping software or services to regulate your your stock on a 24 hours a day basis, since the internet doesn't sleep.
In combination with bookkeeping services, a remote virtual office can also be supplied. This enables an online only business or sole trader to provide a physical connection to their buyers, via a postal address and phone service. It's definitely worth discussing this possibility if it is something that could benefit you, although not all bookkeeping businesses in Basildon will supply this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A certified Basildon bookkeeper need not hold a degree and a lot of the industry qualifications are at Diploma or Certificate level. There is an ever-growing range of online courses available, although qualifications can still be gained via further education colleges and universities.
There are 2 primary certification and training organisations which represent bookkeepers:
The Institute of Certified Bookkeepers (ICB): The ICB or Institute of Certified Bookkeepers is the largest in the world and supplies accreditation to qualified bookkeepers, along with training and reference material to keep their members up-to-speed with the latest trends and innovations.
The Association of Accounting Technicians or AAT: The Association of Accounting Technicians (AAT) provides advanced qualifications and a training schedule enabling fully certified bookkeepers to use the letters AATQB. This then entitles them to become a certified AAT bookkeeper and assures a standard of service which is backed up by the association. To protect the trustworthiness of the AAT, if a bookkeeper who is associated with the AAT has a complaint filed against them or is found to have violated the code of conduct they can be liable to disciplinary and tribunal procedures.
The accreditations of any professional bookkeeper can be checked on the register of AAT or ICB members on their respective websites. Before you use the services of any local bookkeeper in Basildon it is a good idea to perform this check.
Bookkeeping services are available for those living in in Basildon and also in nearby places like: Rawreth, North Benfleet, Fobbing, Rayleigh, Great Burstead, Eastgate, Vange, Bulphan, Laindon, Corringham, Crays Hill, Nevendon, Pitsea, Langdon Hills, Dunton, Galmington, Runwell, Billericay, Wickford, together with these postcodes SS13 1DT, SS13 1RT, SS13 1RW, SS13 1QB, SS13 1HS, SS13 1AL, SS13 1RA, SS13 1RR, SS13 1NP, SS13 1PL. Locally based Basildon Bookkeepers will likely have the phone code 01268 and the postcode SS13. Checking this should make sure that you access local bookkeepers. Basildon sole traders and business owners will be able to benefit from these and numerous other comparable services.
Basildon Bookkeeper Questions
In the past month or so I've been mulling over the types of questions people ask in relation to bookkeeping in Basildon. A few of you posted helpful questions which are relevant to this article. The ones which stuck out were, Why is bookkeeping important for a small business? How much should bookkeeping cost? Does a bookkeeper need insurance? What makes a great bookkeeper? Where can I hire a bookkeeper in Basildon? Which bookkeeper certification is best? What are the advantages of an accountant over a bookkeeper? What is the difference between a bookkeeper and an accountant? Can you do bookkeeping on excel? We hope that most of these queries have been covered somewhere on this page, if not a bookkeeping "Q&A" section is something we'll be introducing as soon as possible. My gratitude goes out to Tommy Harvey, Rafe Macdonald, Subhan Holt and Ximena Sutherland, for taking the time to raise these questions. It was also wonderful to receive queries from Ryleigh Moran in Vange, Jose Mcdermott in Rawreth and Peyton Underwood in Langdon Hills.
Bookkeeping Enquiries Essex
Recent Essex bookkeeping enquiries: Rosanna Nolan from Sandon, Essex was searching for bookkeeping services for her internet sales business. Charley Willis in Elmstead was enquiring about bookkeeping services for her cake shop. Zavier Zaoui in Brightlingsea was enquiring about a bookkeeper for his bar. Nela Cannon from Little Hallingbury, Essex was interested in bookkeeping services for her hairdressing business. Maksim Mckay from Theydon Bois was trying to find a bookkeeper to do his Self-Assessment tax returns. Harley Morgan in Kelvedon Hatch was looking for a bookkeeper to do her tax returns. Pixie Kane from Elmstead was asking about bookkeeping for her cafe. Sofie Hoult was looking for a bookkeeper for her letting business located in Tollesbury, Essex. These local customers conducted a search for "Bookkeepers Essex" and found this page on either Yahoo, Bing or Google.
In Essex you can likewise find: Holland on Sea bookkeeping services, Kirkby le Soken bookkeeper, Tolleshunt Darcy bookkeeping accountants, Alresford bookkeeping, Laindon bookkeeping, Wimbish bookkeeping services, Upminster bookkeeping, Tiptree accounts services, Maylandsea bookkeeper, Maylandsea bookkeeping services, Thorrington bookkeepers, Brightlingsea bookkeepers, Rochford bookkeeping, North Benfleet bookkeepers, East Tilbury bookkeeping accountants, Stanway bookkeeping accountants, Weeley bookkeeping, Galleywood bookkeeping services, Hook End bookkeeping, Corringham accounts services, Tilbury bookkeeping services, St Osyth accounts services, Kirkby le Soken bookkeeping services, Rainham bookkeeping services, Ardleigh bookkeepers, Corringham bookkeeping, Thornwood Common accounts services, Elsenham bookkeeping services, Black Notley bookkeeping, Elmstead accounts services. In every district of the Essex region it should be possible to find bookkeepers who will offer you high quality services for your security requirements. If you can't identify a satisfactoryin Basildon itself you will no doubt be able to find one nearby.
Basildon Bookkeeper Tasks
Most bookkeepers in Basildon will be willing to offer you the following bookkeeping services: bank reconciliations, bookkeeping services for pubs Basildon, wages & PAYE, bookkeeping for sole traders, payment services, cash flow analysis, landlord bookkeeping Basildon, small business bookkeeping in Basildon, bookkeeping services for tradesmen, bookkeeping services for startups in Basildon, Self-Assessment tax returns, tax returns, personal tax returns Basildon, independent bookkeeping services, bookkeeping for freelancers Basildon, credit control, accounting and bookkeeping services Basildon, bookkeeping for limited companies, bookkeeping for shops in Basildon, general bookkeeping services, management reports, bookkeeping for restaurants, bookkeeping services Basildon, profit & loss reports in Basildon, cheap bookkeeping services in Basildon, payroll bookkeeping, cash books in Basildon, VAT returns Basildon, and more. These are just a selection of the tasks that are carried out by local bookkeepers. Basildon providers will be happy to tell you about their whole range of bookkeeping services. If there are additional Basildon bookkeeper requirements that you need but cannot see here, you can easily list them on the QUOTE FORM provided. We'll be in touch with information just as soon as we are able.
Bookkeepers Near Basildon
Also here.: Corringham bookkeepers, Langdon Hills bookkeepers, North Benfleet bookkeepers, Rawreth bookkeepers, Billericay bookkeepers, Runwell bookkeepers, Eastgate bookkeepers, Bulphan bookkeepers, Wickford bookkeepers, Rayleigh bookkeepers, Great Burstead bookkeepers, Pitsea bookkeepers, Crays Hill bookkeepers, Galmington bookkeepers, Fobbing bookkeepers, Laindon bookkeepers, Dunton bookkeepers, Nevendon bookkeepers, Vange and more. The majority of these towns and villages are serviced by local bookeepers. Basildon people can get fees for bookkeeping services by clicking
- Basildon Credit Control
- Basildon Invoice Processing
- Basildon Sole Trader Bookkeeping
- Basildon VAT Returns
- Basildon Self-Assessment Bookkeeping
- Basildon Double-Entry Bookkeeping
- Basildon Cash Flow Analysis
- Basildon Small Business Bookkeeping
- Basildon Bookkeeping Services
- Basildon Wages PAYE and CIS
- Basildon Tax Returns
- Basildon Bookkeeping Estimates
- Basildon Profit and Loss Reports
- Basildon Payroll Services
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Bookkeepers Around Basildon: People living in these Basildon roads and streets have just recently requested bookkeeping services - Curling Tye, Beeleigh East, Chalice Close, Craylands, The Broadway, Savoy Close, The Glen, Somerset Gardens, Southcote Crescent, Courtney Park Road, Takely End, Byfletts, The Knowle, Broadway North, Teagles, Doves Mews, Berners Walk, Saffron Court, Deneway, Benham Walk, Colne Place, Bonnygate, The Lindens, Crown Avenue, Bartlow Side, Thames View, Acorn Place, Sains, The Badgers, Cressells, as well as these local Basildon postcodes: SS13 1DT, SS13 1RT, SS13 1RW, SS13 1QB, SS13 1HS, SS13 1AL, SS13 1RA, SS13 1RR, SS13 1NP, SS13 1PL.
Basildon Bookkeeping Jobs: See bookkeeping jobs near Basildon by clicking here: Bookkeeping Jobs Basildon
More Essex Bookkeepers: More Chelmsford, Stanford-le-Hope, Southminster, Great Baddow, Parkeston, Rayleigh, Grays, Hockley, Dagenham, Westcliff-on-Sea, Great Wakering, Hadleigh, Stansted Mountfitchet, Rochford, Buckhurst Hill, Braintree, Hullbridge, Pitsea, Corringham, Stanway, Hawkwell, Southchurch, Loughton, Halstead, Maldon, Writtle, Chipping Ongar, Galleywood, Waltham Abbey, North Weald Bassett, Canvey Island, Wivenhoe, Southend-on-Sea, South Woodham Ferrers, Burnham-on-Crouch, Laindon, Tilbury, Coggeshall, Chigwell, South Benfleet, Saffron Walden, West Thurrock, Chafford Hundred, Langdon Hills, Frinton-on-Sea, Chingford, Barking, Billericay, Tiptree, Purfleet, Ilford, Rainham, Wickford, Brightlingsea, Danbury, Ingatestone, Colchester, Heybridge, Witham, Walton-on-the-Naze, Harlow, Harwich, Shoeburyness, Epping, Upminster, Romford, Manningtree, Holland-on-Sea, Hornchurch, South Ockendon, Great Dunmow, Brentwood, West Mersea, Leigh-on-Sea, Basildon, Clacton-on-Sea.:
To obtain local Basildon info go here
Bookkeepers in SS13 area, (dialling code 01268).
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