Bookkeepers Bideford

Bideford Bookkeeping Services

Bookkeepers Bideford Devon (EX39): For any individual in Bideford who runs an online store, operates a small business or acts as a sole trader, it's their sole responsibility to keep "true and fair", accurate accounting and financial records for a minimum of 6 years. This is outlined by the 2006 Companies Act. You may be disqualified as a Company Director and face a hefty fine, if you can't produce this information. You can undertake these financial records on your own, however when you consider that according to Accounting Today over forty percent of small businesses spend 80 plus hours annually on their bookkeeping duties, it is often better to use a professional accountant or bookkeeping company.

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


Bookkeepers Bideford Devon (EX39)

For many people in Bideford, an obvious question when faced with this dilemma is "What is the distinction between a bookkeeper and an accountant?" While in past times many accountants considered the bookkeeping process to be beneath their skill-sets, experience and qualifications, many accountancy companies in the Bideford area will now undertake the task of bookkeeping, due to tremendous software improvements over the past decade or so. For many accountancy companies it is now quite common to charge a fixed rate for bookkeeping services, so that they're in keeping with the normal charges of a typical bookkeeper in Bideford. Business owners are now cashing in on this, since it gives a wider variety of competition within the industry and can make bookkeeping more manageable than it would have been in the past.

When you are considering the differences between an accountant and a bookkeeper in Bideford, the main one is the amount of training and qualification that is needed for each discipline. Typically holding a degree in accounting, a professional accountant will also have had training in tax law and further qualifications in business and financial management. While not necessarily having this level of experience and training, or holding the same financial qualifications, a bookkeeper in Bideford will have a decent understanding of all such skills.


The bookkeeping process in simple terms, is to record the daily monetary transactions of any business enterprise in Bideford. This will include;

  • Recording of all financial incomings; electronic, card and cash payments included.
  • Highlighting any discrepancies in the financial accounts and rectifying them.
  • VAT recording and submissions.
  • Logging invoices received and ensuring that payment is completed by the due date.
  • The billing of clients for goods or work completed.
  • Ensuring accounting and double-entry bookkeeping practices are followed.
  • Monthly reconciliations and reporting.
  • Payroll services.
Bookkeeping Bideford UK (01237)

In accordance with the level of service you require, a bookkeeper might just be needed to periodically double-check your figures, if you are willing to do the larger part of your own bookkeeping work. To enable any mistakes or problems to be found and amended promptly, this needs to be monthly as a bare minimum. This trade-off can often be the most economical solution if you are able to stay up-to-date with your everyday trading and financial transactions.

Whatever your scenario, if you're looking to hire a bookkeeper in Bideford, there's a fair chance that you may be getting stressed about the financial recording aspects of your small business. Offering assistance with everything from invoicing, stocktaking and creating expense reports, a professional bookkeeper will also be able to walk you through the process of linking your business accounts with the most up-to-date software program to facilitate the seamless processing of your business's transaction data.

Bookkeeping Enquiries in Bideford Devon

An especially important element of a good bookkeeper is being able to reconcile cash flow with accounts payable. This means that rather than waiting for a final notice, which many small businesses in Bideford are guilty of at some time or other, or paying a bill right away, your bookkeeper will optimise bill payments to a time when your finances are in good order. This doesn't just keep you in good stead with suppliers and those businesses who supply you with services, but also ensures that your business is on a sound financial footing. This is just one of those juggling acts that can be tricky to perform when you're completely focussed on the smooth running of your daily business operations.

Bookkeeper Near Bideford Devon

If you are a sole trader, or run a small business, employing an experienced bookkeeper in Bideford, also gives them the opportunity to cast a critical eye over the operation of your business. This objective appraisal can enable them to notice business trends and patterns that you might have overlooked. It is by no means unusual for an intelligent bookkeeper to flag up an area of the business where profits are dropping, or spot a brand new opportunity which could be worthwhile. Spotting such key performance indicators (KPI's) is crucial for the growth and success of any business in Bideford.

Having to pursue late payments can be a fairly embarrassing scenario for you, if you send out invoices as part of your business operations. Having an independent person outside your business bubble, can take away the embarrassment of visiting your clients or making that telephone call. If you have a persistent late or non-payer there are legal methods a bookkeeper can make use of to help resolve the situation before the issue ends up in a claims court proceeding.


The legal bookkeeping requirements for sole traders, are reasonably straightforward and basic. It is stated that a sole trader must monitor income and expenditure on a monthly basis and keep all receipts and invoices. Now, this doesn't seem too tough does it? Yet, it's still recommended that you retain the services of a competent bookkeeper to make certain that it is all done correctly. When preparing your income tax returns, a dedicated sole trader bookkeeper in Bideford will be able to advise you on what your legitimate business expenses are, and make sure these are claimed back from HMRC. This may include rent and bills if you work from home, advertising expenses, items such as laptops, consumables and stationery goods. For more comprehensive advice, talk to your bookkeeper, and learn how they might help your small business to grow in the future.


Bookkeeping Services Bideford

Specialist bookkeepers are occasionally required for specific bookkeeping niches. You'll need a bookkeeper in Bideford who understands multi-currency processing, online payments, exchange rate transfers and cross-border and international taxes, if you manage a store online for example. If the same shop sells goods that you hold or produce, then keeping track of your stock on a 24/7 basis is a vital concern, as I'm sure you are aware the internet does not sleep, therefore neither should your bookkeeping services and software.

In conjunction with bookkeeping service, it is also possible to provide a remote virtual office. This enables an online only business or sole trader to have a postal address and telephone service to provide a physical link with their customers. If this kind of service could be useful, it's definitely worth discussing, although this option won't be supplied by all bookkeepers in Bideford.


A certified Bideford bookkeeper need not have a university degree and many this sector's qualifications are at Diploma or Certificate level. There are a growing range of online courses available, although bookkeeping qualifications can still be gained via further education colleges and universities.

There are two primary certification and training organisations which represent bookkeepers:

Local Bookkeeping Services Bideford (EX39)

The Association of Accounting Technicians (AAT): The AAT or Association of Accounting Technicians provides a training schedule with advanced qualifications enabling fully trained bookkeepers to use the letters AATQB. This then allows them to become a accredited AAT bookkeeper and guarantees a level of service which is backed by the organisation. To protect the integrity and values of the AAT, if an AAT bookkeeper has a complaint against them or is found to have breached the code of conduct they may be liable to tribunal and disciplinary processes.

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

The accreditations of any bookkeeper can be verified on the register of ICB or ATT members on their respective websites. Carrying out this check is strongly recommended before using the services of any bookkeeper in Bideford.

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Book Bookkeeper in Bideford UK

Bookkeeping services are available in Bideford and also in: East-the-Water, Littleham, Weare Gifford, Handy Cross, Instow, Monkleigh, Tapeley, Landcross, Westleigh, Fairy Cross, Westward Ho!, Abbotsham, together with these postcodes EX39 2NF, EX39 2AN, EX39 3AJ, EX39 1ZX, EX39 2HT, EX39 3AY, EX39 1YE, EX39 2LX, EX39 3AB, and EX39 2DE. Locally based Bideford bookkeeping services will likely have the telephone dialling code 01237 and the postcode EX39. Checking this out will guarantee you access locally based bookkeepers. Bideford sole traders and business owners can benefit from these and lots of other comparable services.

VAT Returns by a Bookkeeper

A bookkeeper based in Bideford can offer small business owners a reliable and time-saving solution for their VAT returns, freeing them up to concentrate on other important aspects of their business. With the help of a bookkeeper, you can delegate all the responsibilities of your VAT return, such as determining the amount of VAT you owe or are due, submitting your return to HMRC, and maintaining precise records of your transactions. Moreover, a local bookkeeper can provide you with valuable guidance on how to minimize your VAT liability and ensure that you are taking advantage of all eligible VAT claims. With the help of a bookkeeper, you can have peace of mind knowing that your VAT returns are being handled accurately and efficiently, giving you more time to focus on growing your business in Bideford. Employing a bookkeeper can provide you with a cost-effective solution as it can help you avoid any HMRC penalties or fines caused by late submissions or incorrect VAT returns, which can lead to significant savings in the future. In conclusion,by enlisting the services of a bookkeeper in Bideford, 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. To summarise, partnering with a bookkeeper in Bideford can offer small business owners an economical, dependable, and effective solution for their VAT return needs, which can help them stay tax-compliant, minimize their tax liability, and concentrate on business growth.

Cash Flow Analysis

A significant tool that businesses must use to understand their financial health is cash flow analysis. A cash flow analysis is an essential task that bookkeepers need to perform for businesses. One must track the cash inflows and outflows of the business during a set period of time, usually a quarter or a month. The bookkeeper can aid the businessperson in comprehending their current financial position, recognising any cash flow issues, and planning for the future by conducting a cash flow analysis.

The bookkeeper categorizes and reconciles all cash transactions, such as investments, sales and expenses, to provide a clear image of the company's financial condition. Part of the analysis also involves predicting the business's cash flow for the upcoming months or years, allowing the business to make informed decisions and avoid potential cash flow problems.

Additionally, a bookkeeper can also provide recommendations to improve the cash flow of the business, such as implementing more efficient payment processes or adjusting the pricing strategy. Moreover, the bookkeeper's cash flow analysis can be used to persuade lenders of a company's financial viability and repayment ability. Managing finances effectively is impossible without an accurate and thorough cash flow analysis, which is a necessary tool for any business.

What Are the Main Advantages of Using a Bookkeeper in Bideford Instead of an Accountant?

The following are a few reasons why you might decide to use a bookkeeper in Bideford, instead of an accountant:

  • Availability: Bookkeepers are normally more accessible and readily available to answer questions and provide support compared to an accountant, who may sometimes be hard to reach.
  • Expertise: Bookkeepers sometimes have a more specialised focus on day-to-day financial transaction management and record-keeping, which can make them more effective and efficient in such tasks.
  • Time: By outsourcing bookkeeping, small business owners can save time and concentrate on other crucial aspects of their business for example sales and marketing.
  • Customisable Services: Bookkeepers often provide customised services that are tailored to a business's specific needs, whereby accountants might have a more general approach.
  • Cost-Effectiveness: Bookkeeping services are frequently more cost-efficient when compared with accounting services, making them a sensible choice for startups, small businesses and sole traders looking to save on expenditure.

That being said, it's important to note that while bookkeepers can provide invaluable support, they may not have the same level of expertise or qualifications as an accountant in certain aspects such as tax preparation or financial planning. In these cases, it might be necessary to consult an accountant when more specialist services are needed.

Bookkeeping Bideford - Outsourcing Options

All businesses in Bideford should understand the significance of bookkeeping. It helps business people monitor the total value of their liabilities and assets, their outgoings and incomings, the money left in their bank account, and so on. With the owner of the business having to handle a lot of concerns and issues while running a business, the task of performing the bookkeeping is often outsourced to a bookkeeping company or freelance bookkeepers in Bideford.

Outsourcing Bookkeeping

If a company in Bideford hires a bookkeeper so as to become an employee, the company will be required to pay out a substantial sum of money in training the person for the purpose of carrying out the bookkeeping tasks. Furthermore, there's no guarantee that he or she will stay for long in the company. In circumstances like that, the company stands to lose a significant sum of money. As well as that, companies will need to look for ways and means to offer incentives and benefits to keep the trained employee in house. These are a few of the reasons why business organisations often choose to enlist the services of bookkeeping companies and professional bookkeepers in Bideford.

With the advent of new technology and the internet there is no need for business owners to stick to a freelance bookkeeper who might continue with outdated accounting practices. Again, they are not under pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is growing more common in the financial domain. You'll find many companies offering financial bookkeeping services catering to all kinds of clients and industries in Bideford. A majority of these companies promise and deliver top quality service. It is important for a business to look into the track record of these Bideford bookkeeping companies when it comes to employing a 3rd party company for bookkeeping purposes.

Business owners in Bideford can look for the following options with the bookkeeping company that offers outsourcing services. Check and find out how much savings can be enjoyed by outsourcing the bookkeeping work. Because the expenses related to hiring and training in-house staff is a significant concern, it would be prudent on the part of business owner in Bideford to look for an outsourcing company that can offer savings. Try to get first hand information regarding the methods and systems employed by the company involved in bookkeeping services. It is extremely important to get top quality accounting services and greater security for your financial data. By quality, one means precise, reliable, and real-time bookkeeping data delivered within the set time. In short, the company that offers bookkeeping services in Bideford should have a well protected system that can be relied on and trusted.

These specialist bookkeeping companies in Bideford should be able to customise their bookkeeping services with that of the client company's existing bookkeeping system. They should be able to ask for assistance from these bookkeepers as and when they need the required back-up and support.

Tax Returns

Self-employed people or those with small businesses in the United Kingdom may be required to file a self-assessment tax return. This task can be especially challenging if you're not familiar with the process. Your records can be kept organised and your tax return can be prepared on time and accurately with the help of a qualified bookkeeper.

Employing a bookkeeper for your tax returns has numerous benefits. They have the expertise and experience to make sure that your return is completed correctly. This should help you to stay clear of penalties or interest charges from HMRC. Second, a lot of time and effort can be saved by a bookkeeper. They'll handle all of the paperwork and calculations, freeing you up to concentrate on your business. Thirdly, invaluable advice on tax planning can be provided by a bookkeeper in Bideford. This can enable you to increase your profits and reduce your tax liability. (70193)

Bookkeepers Near Bideford

Also find: Westward Ho! bookkeepers, Abbotsham bookkeepers, Westleigh bookkeepers, Handy Cross bookkeepers, Fairy Cross bookkeepers, Instow bookkeepers, Landcross bookkeepers, Monkleigh bookkeepers, East-the-Water bookkeepers, Tapeley bookkeepers, Weare Gifford bookkeepers, Littleham bookkeepers and more. Bookkeeping services are accessible in the majority of these locations. With this level of accessibility, finding the needed financial support to manage accounts successfully becomes easy for both individuals and businesses. Clicking here allows area residents to receive bookkeeping quotes.

More Bideford Services: Undoubtedly, whenever you're in need of a bookkeeper in Bideford, Devon, you'll probably be in need of all sorts of different services and as well as a bookkeeper in Bideford, Devon, you might also need web design in Bideford, financial advice in Bideford, telemarketing in Bideford, social media marketing in Bideford, Ecommerce assistance in Bideford, a marketing agency in Bideford, PPC advertising in Bideford, business consulting in Bideford, telephone system services in Bideford, hosting & cloud services in Bideford, network, database & IT support in Bideford, card processing in Bideford, EPOS in Bideford, HR consulting in Bideford, an accountant in Bideford, digital marketing services in Bideford, promotional videos in Bideford, and other different Bideford specialists.

Bideford Bookkeeper Tasks

Bookkeeper Tasks Bideford

Most Bideford bookkeepers will be ready to provide you with the following bookkeeping services: bookkeeping for restaurants Bideford, bookkeeping services for small business in Bideford, bookkeeping estimates, Kashflow bookkeeping services, small business bookkeeping, bookkeeping for startups Bideford, management reports, tax returns, corporation tax returns, management accounts in Bideford, bookkeeping for home-based businesses, bookkeeping services in Bideford, company cash books, charity bookkeeping Bideford, credit control, bookkeeping services for freelancers in Bideford, PAYE & wages, payment services, bookkeeping services for societies, Xero bookkeeping services, off-site bookkeeping in Bideford, small business tax returns Bideford, Sage bookkeeping, bookkeeping services for retail outlets, letting agent bookkeeping, independent bookkeeping services, bookkeeping for organisations Bideford, cash flow analysis, payroll bookkeeping, Self-Assessment tax returns Bideford, and more. These are just a handful of the duties that are handled by local bookkeepers. Bideford professionals will inform you of their full range of services. If there happen to be additional Bideford bookkeeper requirements that you want but can't see here, you should list them on the QUOTE FORM provided. We will be in touch with specifics as soon as we can.

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(This bookkeepers Bideford content was successfully updated on 10-06-2024)