Bookkeepers Bearsted

Bearsted Bookkeeping Services

Bookkeepers Bearsted Kent (ME14): In accordance with the 2006 Companies Act, if you own a small business, are a sole trader or operate an online store in Bearsted, you are entirely responsible for maintaining accurate, "true and fair" accounting and financial records for a minimum of six years. Failing to produce such detailed records might leave you facing a hefty fine and possible disqualification as a Company Director. According to Accounting Today magazine over 40% of small business owners spend at least eighty hours annually doing their bookkeeping activities, so although you can complete these financial recordings on your own behalf, it can be more cost-effective to employ a professional accountant or bookkeeper to do them for you.

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If you are filled with panic just thinking about the possiblility of tracking assets and liabilities, producing balance sheets, writing out ledgers or preparing profit, loss and fiscal reports, then the time to contact a bookkeeper in Bearsted for help and advice has arrived.


Bookkeepers Bearsted Kent (ME14)

Precisely what is the distinction between an accountant and a bookkeeper is the first question that springs to mind for a lot of people in Bearsted. At one time it was often looked at as to be beneath the qualifications, skill set and experience of an accountant to do bookkeeping, but because of improvements in software over the past 10 years, many bookkeeping procedures will now be taken on by accounting companies in Bearsted. To make sure their bookkeeping services are consistent with a dedicated bookkeeper's fee, it's now fairly common for accounting companies to charge a flat rate for such services. Because it gives a wider range of competition within the marketplace, this is excellent news for small business owners in Bearsted, making their bookkeeping much more affordable than it was previously.

When looking at the biggest difference between a bookkeeper and an accountant, it's the amount of qualification and training that is necessary for each of these disciplines. An accountant will typically hold at least an accounting degree with additional training in the field of taxation and other financial and business management. Although possibly not having this level of training and experience, or holding the same financial qualifications, a bookkeeper in Bearsted will still have a decent understanding of all these fiscal disciplines.


In simple terms, the process of bookkeeping is the recording of the day to day monetary transactions of any business or enterprise in Bearsted. This will include, but is not limited to;

  • Logging the receipt of invoices and making sure that payment is completed on time.
  • VAT recording and submissions.
  • Billing of customers for goods or work completed.
  • Making sure that double-entry bookkeeping and accounting practices are followed.
  • Recording of all financial incomings; cash, card and electronic payments included.
  • Payroll services.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Monthly reporting and reconciliation.
Bookkeeping Bearsted UK (01622)

While it is dependent on the kind of service you're looking for, if you are prepared to undertake most of your own bookkeeping work, a professional bookkeeper might only be needed to double check your accounts periodically. This needs to be each month as a bare minimum, as this will allow any mistakes or problems to be uncovered and corrected swiftly. This could be an extremely cost-effective trade-off, provided that you are confident of staying on top of your financial transactions without compromising your day by day trading duties.

It is fairly likely that if you are thinking of hiring a bookkeeper in Bearsted, you are currently stressed with the financial recording aspects of your small business. A decent bookkeeping company will be able to help you to link the latest software application with your accounts to enable the seamless pull-through of transactional data, and will provide advice on such things as invoicing, preparing expense reports and stocktaking.

Bookkeeping Enquiries in Bearsted Kent

One of the most crucial elements of good bookkeeping practice, is being able to efficiently reconcile accounts payable with cash flow. Which means that rather than paying off a bill right away, or waiting on an overdue notice, which many small businesses are guilty of at some time or other, your bookkeeper will schedule the payment of bills to a time when your accounts are in the best possible position. This isn't simply to ensure your business enterprise is on a good financial footing at all times, but also to keep you in favour with those people who supply you with materials or services. Regrettably, this is just one of those juggling acts that can be difficult to perform when you are focussed on the smooth running of your day to day business activities.

Bookkeeper Near Bearsted Kent

Employing an experienced bookkeeper in Bearsted, if you are a sole trader, or for your small business also gives them an opportunity to cast an eagle eye over your business affairs. It is entirely possible that a dispassionate assessment such as this will pinpoint business patterns and trends that you haven't previously noticed. A bookkeeper spotting an opportunity or flagging up an area where profits are plummeting, is not at all unheard of. It is vital for driving the growth of any business enterprise in Bearsted, to spot these key performance indicators (KPI's).

Having to chase up late payments can be a fairly awkward situation for you, if you give out invoices in your business operations. By having a person outside your normal business situation make that telephone call or visit to your clients, some of that embarrassment can be taken away. There are legal strategies a bookkeeper can use, if you've got a consistent late or non-payer, and these can help to clear up the situation before the issue ends up in a claims court.


The legal requirements for bookkeeping if you're a sole trader, are comparatively straightforward and simple. Sole traders are expected to keep track of expenditure and income on a monthly basis and retain all receipts and invoices. Now, this does not sound too difficult does it? But, it is still recommended that you retain the expert services of a bookkeeping company to make sure that it is all done correctly. A dedicated sole trader bookkeeper in Bearsted will be able to give you advice on what you may be able to claim back from HMRC as business expenses. This may include promotional advertising, stationery goods, bills and rent if you work from home, items such as laptops and printer ink. To see how they can help your business grow, talk to your bookkeeper for more comprehensive advice and guidance.


Bookkeeping Services Bearsted

Some businesses that work in niche markets, might need to hire a specialised bookkeeper. You're going to need a bookkeeper in Bearsted who is familiar with international and cross-border taxes, exchange rate transfers, multi-currency processing and online payment procedures, if you run a store online for example. Monitoring your inventory and stock on a 24 hours a day basis is also a crucial priority, if that same shop distributes goods that you produce or hold, as I'm sure you will be aware the internet doesn't sleep, therefore neither should your bookkeeping software or services.

A remote virtual office can also be supplied in conjunction with bookkeeping service. This allows an online only business or sole trader to offer a physical connection to their buyers, via a postal address and telephone service. Not all Bearsted bookkeepers will supply this solution, but it is worth talking about if it is something that could benefit you.


A certified bookkeeper in Bearsted does not need to have a degree and a lot of this sector's qualifications are at Diploma or Certificate level. If the preferred route to qualification is through further education universities and colleges, this is still a possibility, whereas there there's a array of bookkeeping courses available online.

Bookkeepers are represented by 2 key certification and training organisations:

Local Bookkeeping Services Bearsted (ME14)

The Institute of Certified Bookkeepers (ICB): Keeping their members current with the latest trends, the Institute of Certified Bookkeepers or ICB is the largest organisation in the world, providing accreditation to qualified bookkeepers, along with training and reference material.

The AAT (Association of Accounting Technicians): Able to use the letters AATQB, a certified member of the AAT (Association of Accounting Technicians) will have been provided with a training schedule and advanced qualifications in bookkeeping practice. They are then allowed to become registered AAT bookkeepers, which guarantees their clients a certain standard of service which is backed up by the association. If an AAT bookkeeper has a complaint against them or is found to have broken the code of conduct they can be liable to tribunal and disciplinary procedures to safeguard the credibility of the AAT.

By viewing the register of AAT or ICB members on their respective websites, you're able to inspect the accreditations of any professional Bearsted bookkeeper. Before you use the services of any professional bookkeeper in Bearsted it is wise to perform this check.

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Book Bookkeeper in Bearsted UK

Bookkeeping Bearsted - Outsourcing Options

All businesses in Bearsted should understand the significance of bookkeeping. It helps business people monitor their incomings and outgoings, the money left in their bank, the sum total of their assets and liabilities, and the like. With the owner of the business having to deal with the issues and concerns of operating a business, the task of carrying out the bookkeeping is typically outsourced to freelance bookkeepers or a bookkeeping company in Bearsted.

Outsourcing Bookkeeping

If a company in Bearsted hires a bookkeeper in order to become an employee, the company will be required to fork out a substantial amount of money in training that person for the purpose of carrying out the bookkeeping tasks. Furthermore, there's no guarantee that the person will stay after the training is completed. In those circumstances, the company will lose a substantial amount of money for very little return. Besides that, businesses will have to look for solutions to provide incentives and benefits to keep the trained employee there. These are just some of the reasons why business organisations quite often enlist the services of bookkeeping companies and professional bookkeepers in Bearsted.

With the advent of new technology and the internet there's no need for business owners to stick to a freelance bookkeeper who might continue with out-of-date accounting practices. Again, they are not under any pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is growing more common in the financial domain. You will find a lot of companies offering financial bookkeeping services catering to all kinds of clients and industries in Bearsted. A majority of these companies promise and deliver top quality service. It is important for a business to look into the background of these Bearsted bookkeeping companies when it comes to employing a third party company for bookkeeping purposes.

VAT Returns in Bearsted

Small business owners in Bearsted can consider hiring a bookkeeper to handle their VAT returns, which can help them maintain tax compliance and free up their time for other crucial business tasks. Your VAT return can be handled entirely by a bookkeeper, who will manage everything from calculating your VAT obligations or credits to preparing and submitting your return to HMRC, and keeping an accurate account of all your transactions. In addition, a bookkeeper can furnish you with beneficial suggestions on how to decrease your VAT obligation and ensure that you are receiving all the permissible VAT reimbursements. By enlisting the aid of a bookkeeper, you can relax with the knowledge that your VAT returns are being managed with precision and efficiency, enabling you to dedicate more time to expanding your business in Bearsted. Having a bookkeeper can be a wise financial decision as it can help you avoid any HMRC penalties or fines due to errors in your VAT returns or late submissions, potentially saving you money in the future. In conclusion,by enlisting the services of a bookkeeper in Bearsted, small business owners can benefit from a cost-effective, efficient, and trustworthy way of managing their VAT returns, ensuring compliance with tax rules, reducing their tax liability, and freeing up time to focus on business development.

What Are the Main Advantages of Using a Bookkeeper in Bearsted Rather Than an Accountant?

There are a number of benefits to using a bookkeeper instead of an accountant, including:

  • Customisable Services: Bookkeepers often provide customised services that are tailored to a business's particular needs, whereby accountants might have a more general approach.
  • Cost: Bookkeeping services are generally less costly than accounting services. This makes them a cost-effective alternative for startups and small businesses.
  • Accessibility: Bookkeepers are generally more available to provide support and answer questions on a regular basis than an accountant, who might only be available at certain times.
  • Expertise: Bookkeepers sometimes have a more specialised focus on day-to-day financial record-keeping and transaction management, which can make them more effective and efficient in these tasks.
  • Time Savings: By choosing to outsource their bookkeeping tasks, business owners can save a bit of time and concentrate on other aspects of their business, like marketing and sales.

That being said, it's important to note that whilst bookkeepers can provide valuable support, they might not have the same level of qualifications or expertise as an accountant in certain areas such as financial planning or tax preparation. In these instances, it may be necessary to go to an accountant for more specialised services.

Using a Bookkeeper for Tax Returns

You may be required to file a self-assessment tax return if you are self-employed or have a small business in the UK. This task can be especially challenging if you're not familiar with the process. A qualified bookkeeper can help you keep your records in order and prepare your tax return on time and accurately.

Using a bookkeeper for your tax returns has many benefits. They will have experience and expertise to ensure the correct completion of your return. This should help you to avoid penalties from HMRC, as well as interest charges. Second, the use of a bookkeeper can save you a lot of stress, time and hassle. They will handle all of the paperwork and calculations, freeing you up to focus your attention on the running of your business. Third, invaluable advice on tax planning can be provided by bookkeepers in Bearsted. This can help to maximise your profits and minimise your tax liability. (70193)

Bearsted Bookkeeper Tasks

Bookkeeper Tasks Bearsted

Most bookkeepers in Bearsted will be ready to provide you with the following bookkeeping and accounting services: tax returns in Bearsted, off-site bookkeeping services, bookkeeping services for freelancers, bookkeeping services for restaurants Bearsted, landlord bookkeeping, bookkeeping for clubs, bank reconciliation in Bearsted, bookkeeping for charities Bearsted, financial statement preparation, bookkeeping for startups in Bearsted, company cash books, bookkeeping for home-based businesses, partnership returns Bearsted, business bookkeeping, maintaining fixed asset registers Bearsted, independent bookkeeping services, franchise bookkeeping, bookkeeping services for small business, corporation tax returns in Bearsted, bookkeeping services for sole traders in Bearsted, Self-Assessment tax returns, cash flow analysis, Kashflow bookkeeping, bookkeeping services for retail outlets, bookkeeping for societies, letting agent bookkeeping, personal tax returns, VAT returns, accountancy packages, cheap bookkeeping services, and more. These are just a selection of the activities that are handled by local bookkeepers. Bearsted providers will be happy to inform you of their whole range of services. If there happen to be different Bearsted bookkeeper requirements that you need but can't see here, you should list them on the QUOTE FORM provided. We will be in touch with information as soon as we are able.

Bookkeepers Near Bearsted

Also find: Grove Green bookkeepers, Allington bookkeepers, Weavering bookkeepers, Parkwood bookkeepers, Otham bookkeepers, Detling bookkeepers, Roseacre bookkeepers, Sandling bookkeepers, Downswood bookkeepers, Hollingbourne bookkeepers, Thurnham bookkeepers, Stoneacre bookkeepers and more. Near to practically all of these places, there are individuals offering bookkeeping services. This accessibility ensures that individuals and businesses alike can easily find the financial support they need to effectively manage their accounts. Clicking here allows area residents and businesses to receive bookkeeping quotes.

More Bearsted Services: Of course, when you're in need of a bookkeeper in Bearsted, Kent, you'll likely be in need of all types of different services and as well as a bookkeeper in Bearsted, Kent, you may also need card processing in Bearsted, website design in Bearsted, EPOS in Bearsted, business consulting in Bearsted, hosting & cloud services in Bearsted, digital marketing services in Bearsted, an accountant in Bearsted, telemarketing in Bearsted, PPC advertising in Bearsted, a marketing agency in Bearsted, social media marketing in Bearsted, HR consulting in Bearsted, financial advice in Bearsted, network, database & IT support in Bearsted, promotional video production in Bearsted, Ecommerce assistance in Bearsted, telephone system services in Bearsted, and other different Bearsted specialists.

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(This bookkeepers Bearsted article was revised and updated on 06-02-2024)