Bookkeepers Broadstairs Kent (CT10): For any individual in Broadstairs who acts as a sole trader, operates a small business or runs an online store, it's their sole responsibility to maintain accurate, "true and fair" financial and accounting records for at least six years. This is according to the Companies Act (2006). If you can't produce these records you could face a hefty fine and possibly disqualification as a Company Director. There is a significant investment of time involved with maintaining such financial recordings on your own behalf, and it can pay to use a professional bookkeeping service or accountant, as according to the trade magazine Accounting Today over forty percent of small business owners spend 80 plus hours each year on their accounts.
The time has come to contact a bookkeeper in Broadstairs for advice and guidance, if you are filled with dread merely thinking about the possiblility of preparing profit, loss and financial statements, producing balance sheets, filling out ledgers or tracking assets and liabilities.
BOOKKEEPER OR ACCOUNTANT?
A frequent question that's asked by many business owners in Broadstairs is "What exactly is the difference between a bookkeeper and an accountant?" The fact is, because of software developments over the past decade many accountants in Broadstairs will consider taking on the task of bookkeeping, which was at one time deemed beneath their qualifications, experience and skill set. For many accounting firms it's now quite common to charge a fixed rate for bookkeeping services, to keep them in step with the standard fees of a dedicated bookkeeper in Broadstairs. This means the cost of bookkeeping is much more affordable than it previously was, and is good news for small businesses in Broadstairs since it provides a wider range of competition within this sector.
The biggest difference between a bookkeeper and an accountant is the level of training and qualification needed. At least a degree in accounting with specialist training in taxation and other business and financial management, will usually be held by an accountant. Whilein Broadstairs will invariably have a good grasp of these fiscal skills, they might not necessarily have the qualifications or levels of experience and training in this field.
A BOOKKEEPER'S RESPONSIBILITIES
The bookkeeping process in the simplest of terms, is to record the day by day financial transactions of any business in Broadstairs. This can include;
- Payroll services.
- Documenting the receipt of invoices and making sure payment is completed by the due date.
- Ensuring accounting and double-entry bookkeeping practices are followed at all times.
- The billing of clients for goods or work completed.
- Monthly reconciliation and reports.
- Recording of all financial incomings; including electronic, card and cash payments.
- VAT submissions and recording.
- Highlighting any discrepancies in financial accounts and rectifying them.
If you are in a position to perform a large majority of your bookkeeping work yourself; a professional bookkeeper may just be needed to double check your accounts on a set schedule. To enable any problems or mistakes to be discovered and rectified swiftly, this ought to be done monthly at the bare minimum. This trade-off can sometimes be the most affordable option if you are confident of keeping on top of your everyday financial transactions and trading operations.
It is a good bet that if you're considering hiring a bookkeeping company, you are currently fretting over the financial recording aspects of your small business in Broadstairs. To facilitate the seamless pull-through of financial data, a professional bookkeeper will help you link the latest software to your business accounts, and will provide advice on things like invoicing, creating expense reports and stocktaking.
An especially important element of a good bookkeeper is being able to reconcile accounts payable with cash flow. This means that instead of waiting for a final notice, which many small businesses are guilty of at some time or other, or paying off a bill straight away, your bookkeeper will arrange the payment of bills to a time when your finances are buoyant and in good order. This does not just keep your enterprise or business financially stable, but keeps you in favour with suppliers and the businesses who supply you with services. This is just one of those juggling acts that can be hard to perform when you're completely focussed on the smooth running of your day to day business operation.
If you're a sole trader, or run a small business, using a competent bookkeeper in Broadstairs, also gives them the opportunity to cast an unbiased eye over the financial dealings of your business. It might be that business patterns and trends that might have otherwise gone unnoticed could therefore be brought to the fore. It's not uncommon for a bookkeeper to identify a new opportunity or flag an area which is falling in profits. It is essential for enabling growth in any business enterprise in Broadstairs, to spot these KPI's (key performance indicators).
If your business sends out invoices it can sometimes be embarrassing having to chase up a late payment. If that visit to your client or telephone call is done by someone from outside your normal business situation, it's possible for most of that apprehension to be eliminated. If you've got problems with a repeating late payer there are legal techniques that a bookkeeper can employ to help resolve the situation before the issue ends up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The bookkeeping requirements for a sole trader, as laid out by law, are reasonably uncomplicated and easily understandable. A sole trader is expected to keep track of income and expenditure from month to month and keep all receipts and invoices. Now, this does not seem too tough does it? However, it's still a wise move to retain the services of a competent bookkeeper to ensure that it's all done properly. A specialist sole trader bookkeeper in Broadstairs will be able to advise you on what you can claim back from HMRC as bonafide business expenses. This might include advertising expenses, items such as computers, stationery, bills and rent if you work from home and printer ink. Speak to a trusted bookkeeper for more comprehensive advice and see how they can help your business to grow.
ONLINE TRADERS IN BROADSTAIRS
Some business enterprises that work in niche markets, might need to employ a specialised bookkeeping service. For example, if you run an online store, you will want to employ a bookkeeper in Broadstairs who understands exchange rate transfers, online payments, multi-currency processing and international and cross-border taxes. If you hold or produce the goods that you sell with that outlet, then it will be a vital concern for your bookkeeping services and software to control your your stock on a 24 hours a day basis, because the internet doesn't sleep.
In conjunction with bookkeeping service, it is also possible to supply a virtual office. This allows an online only business or sole trader to have a postal address and telephone service to provide a physical link with their buyers. It is worth discussing this possibility if it's something that could benefit you, although not all Broadstairs bookkeepers will supply this solution.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the bookkeeping industry qualifications are at Diploma and Certificate level, and it is not mandatory for a certified Broadstairs bookkeeper to have an accounting degree. If the preferred route to qualification is via further education universities and colleges, this is still a possibility, whereas there there are an ever-increasing range of online bookkeeping courses.
Representing bookkeepers, there are two main certification and training organisations:
The AAT (Association of Accounting Technicians): With fully certified bookkeepers entitled to use the letters AATQB, the AAT (Association of Accounting Technicians) provides a training schedule with advanced qualifications. This promises a high level of service to their clients which is backed by the association, and allows them to become a licensed AAT bookkeeper. To safeguard the values and integrity of the AAT, if a bookkeeper who is affiliated with the AAT has a complaint against them or is found to have violated the code of conduct they can be liable to tribunal and disciplinary procedures.
The ICB or Institute of Certified Bookkeepers: The largest organisation of its kind in the world is the the Institute of Certified Bookkeepers (ICB), and it provides accreditation to qualified bookkeepers, together with training and reference material to ensure their members are up-to-date with the latest trends.
By visiting the register of AAT or ICB members on their respective websites, you are able to inspect the qualifications of any Broadstairs bookkeeper. Carrying out this check is widely recommended before you employ any bookkeeper in Broadstairs.
Bookkeeping services are available for people living in in Broadstairs and also nearby in: Westgate-on-Sea, Birchington, Haine, Manston, Monkton, St Lawrence, Northdown, Cliftonville, Minster, St Peters, Cliffs End, Pegwell Bay, Ramsgate, Woodchurch, Westwood, Margate, and in these postcodes CT10 1AB, CT10 1HD, CT10 1HL, CT10 1PF, CT10 1QG, CT10 1HW, CT10 1AG, CT10 1FF, CT10 1DD, CT10 1DA. Locally based Broadstairs bookkeeper services will likely have the postcode CT10 and the dialling code 01843. Checking this out can guarantee you access locally based bookkeepers. Broadstairs sole traders and business owners can utilise these and countless other bookkeeping related services.
Broadstairs Bookkeeper Questions
Just the other week I was reviewing the popular questions folks in Broadstairs ask in relation to bookkeepers. A good few of our web visitors have emailed in noteworthy enquiries that I considered to be worth a mention here. Those which I picked out were, Who can be a bookkeeper? How much is bookkeeping per hour? Why hire a bookkeeper in Broadstairs? Can bookkeeping be done remotely? Does a bookkeeper need a license? Are accountants bookkeepers? What does bookkeeping mean? Can a bookkeeper be held liable? What are the advantages of an accountant over a bookkeeper? We hope that nearly all of those questions have been answered somewhere on this webpage, and if some remain unanswered a bookkeeping "Q&A" feature is at present being created. Our gratitude goes out to Riley Scott, Abel Davidson, Zayan Willis and Faith Butcher from Broadstairs, for making the effort to raise these questions. We also received queries from Isabella Reynolds in Pegwell Bay, Hunter Forrest in Ramsgate and Rebecca Johns in Haine.
Bookkeeping Enquiries Kent
Latest Kent bookkeeping enquiries: Eliot Moss needed a bookkeeper for his letting business located in East Farleigh. Denzel Barrow in Riverhead was searching for a bookkeeper to do his tax returns. Zahraa Batty from Littlebourne, Kent was looking for bookkeeping services for her french lessons business. Bonnie Eastwood in Kingsnorth was hunting for bookkeeping for her tea shop. Clarke Parks in Borough Green, Kent was interested in a bookkeeper for his public house. Siena Mason from Chart Sutton, Kent was searching for bookkeeping services for her athletic club. Zaynab Steel needed a bookkeeper for her online marketing business located in Hythe. Molly Stanley from Plaxtol was searching for a bookkeeper for her internet sales business. All these local clients searched for "Bookkeepers Kent" and located this website on Google, Yahoo or Bing.
Broadstairs Bookkeeper Tasks
Most bookkeepers in Broadstairs will be ready to provide you with the following bookkeeping and accounting services: bookkeeping services for charities, QUOTE FORM provided. We will get back to you with information as soon as we can.in Broadstairs, Self-Assessment tax returns Broadstairs, bookkeeping and accounting services, in Broadstairs, company cash books, Xero bookkeeping, letting agent bookkeeping Broadstairs, bookkeeping for limited companies, payment services, landlord bookkeeping Broadstairs, bookkeeping for self-employed, tax returns in Broadstairs, bookkeeping services for small business, bookkeeping for home-based businesses, PAYE & wages, bookkeeping and accounting, invoice processing, bookkeeping quotes, Kashflow bookkeeping in Broadstairs, bookkeeping services for sole traders, accountancy packages, maintaining fixed asset registers, tax preparation, bookkeeping services for organisations Broadstairs, partnership returns, bookkeeping services for startups Broadstairs, bank reconciliations, double-entry bookkeeping, Sage bookkeeping in Broadstairs, and more. Listed are just a handful of the tasks that are performed by local bookkeepers. Broadstairs providers will be happy to tell you about their whole range of bookkeeping services. If there happen to be additional Broadstairs bookkeeper requirements that you need but don't see here, you can easily mention them on the
Bookkeepers Near Broadstairs
Also here.: Monkton bookkeepers, Woodchurch bookkeepers, Margate bookkeepers, Minster bookkeepers, Ramsgate bookkeepers, St Peters bookkeepers, Haine bookkeepers, Westgate-on-Sea bookkeepers, St Lawrence bookkeepers, Pegwell Bay bookkeepers, Birchington bookkeepers, Cliftonville bookkeepers, Manston bookkeepers, Cliffs End bookkeepers, Westwood bookkeepers, Northdown and more. The majority of these villages and towns are covered by local bookeepers. Broadstairs businesses and traders can get rates for bookkeeping services by clicking
- Broadstairs Small Business Bookkeeping
- Broadstairs Profit and Loss Reports
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- Broadstairs Self-Assessment Bookkeeping
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- Broadstairs Payroll Services
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- Broadstairs Double-Entry Bookkeeping
- Broadstairs Cheap Bookkeeping
- Broadstairs Credit Control
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Bookkeepers Around Broadstairs: People who live in these local Broadstairs roads have recently inquired about bookkeeping services - Serene Place, Briars Walk, Birch Close, Alderney Gardens, Seafield Road, Tunis Row, Tina Gardens, Selwyn Drive, Swinburne Avenue, Brassey Avenue, Sacketts Hill, Stone Gardens, Dominic Court, Bishops Avenue, Stone House Mews, Dane Court Road, St James Avenue, Alexandra Road, Trinity Square, Thanet Close, The Hawthorns, The Pines, Dolphin Close, Stone Road, Dumpton Gap Road, as well as these local Broadstairs postcodes: CT10 1AB, CT10 1HD, CT10 1HL, CT10 1PF, CT10 1QG, CT10 1HW, CT10 1AG, CT10 1FF, CT10 1DD, CT10 1DA.
More Kent Bookkeepers: More Dover, East Malling, Minster, Swanley, Faversham, Kingsnorth, Pembury, Sevenoaks, Ramsgate, Folkestone, Boxley, Westerham, Tunbridge Wells, Bearsted, Maidstone, Cranbrook, West Kingsdown, Snodland, Swanscombe, Lydd, Walmer, Staplehurst, Margate, Aylesford, Sturry, Deal, Sittingbourne, Gillingham, Sheerness, Edenbridge, Biggin Hill, New Romney, Southborough, Paddock Wood, Herne Bay, Whitstable, Sandwich, Rochester, Gravesend, Meopham, Tonbridge, Tenterden, Broadstairs, Hartley, Ashford, Chatham, Birchington-on-Sea, Dartford, Wilmington, Westgate-on-Sea, Canterbury, Northfleet and Strood.:
If you're interested in local Broadstairs information take a look here
Bookkeepers in CT10 area, and dialling code 01843.
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