Bookkeepers Burgess Hill West Sussex (RH15): You're responsible for keeping "true and fair", accurate accounting and financial records for a minimum of 6 years, if you run a small business, operate an online store or are a sole trader in Burgess Hill, as stated by the Companies Act (2006). If you are unable to produce these records, you may face disqualification as a Company Director and get a fine of thousands of pounds. It can be more economical to use a professional bookkeeper or accountant to conduct this for you, given that according to Accounting Today over forty percent of small businesses spend at least eighty hours annually doing their bookkeeping tasks, which is a large time investment, and could be more effectively spent on your key business activities.
If just the thought of compiling balance sheets, tracking liabilities and assets, writing ledgers or preparing profit, loss and financial statements fills you with a sense of panic, then it is time to contact a bookkeeper in Burgess Hill for help and advice.
BOOKKEEPER OR ACCOUNTANT?
For many people in Burgess Hill, the first question that springs to mind when facing this dilemma is "What is the distinction between a bookkeeper and an accountant?" The fact is that even though in the past the process of bookkeeping, was considered to be beneath the skill set, qualifications and experience of an accountant, due to huge software improvements over the past decade or so, a lot of accountancy companies in the Burgess Hill area will now undertake bookkeeping tasks. Many accountancy companies now have a fixed rate for bookkeeping services, to keep them in line with what a dedicated bookkeeper in Burgess Hill would usually charge. This means that the cost of bookkeeping is cheaper than it previously was, and is fantastic news for small businesses in Burgess Hill as it provides a broader range of competition within this sector.
The main difference of an accountant over a bookkeeper is the level of training and qualification required. At least a degree in accounting with further training in the field of taxation and other business and financial management, will generally be held by an accountant. A bookkeeper in Burgess Hill might not hold the qualifications or levels of experience and training, but should still have an understanding of these skills.
RESPONSIBILITIES OF A BOOKKEEPER IN BURGESS HILL
The bookkeeping process put in the simplest of terms, is the recording of the day to day transactions of any business enterprise in Burgess Hill. This may include;
- Monthly reconciliation and reporting.
- Highlighting and rectifying any discrepancies in financial accounts.
- Logging of all financial incomings; electronic, card and cash payments included.
- The billing of clients for work completed or goods.
- Documenting the receipt of invoices and ensuring that payment is completed by the due date.
- VAT submissions and recording.
- Payroll services.
- Making sure that accounting and double-entry bookkeeping practices are observed.
Subject to the level of service you require, a professional bookkeeper may only be needed to double check your figures every so often, if you're willing to perform most of your own bookkeeping work. To make certain that any problems or mistakes can be found and rectified swiftly, at the bare minimum, this should really be done from month to month. This might be an extremely cost-effective trade-off, providing you are able to stay up-to-date with your monetary transactions without impacting on your day to day trading activities.
If you're currently thinking of hiring a bookkeeping firm in Burgess Hill, whatever your circumstances, it's a good bet that you might be fretting over your tax and financial procedures. A good bookkeeping company will be able to assist you in linking the latest computer software with your business accounts to facilitate the seamless arrangement of transactional data, and will provide advice and guidance on things like invoicing, stocktaking and producing expense reports.
An extremely crucial element of effective bookkeeping is the ability to reconcile accounts payable with cash flow. Which means that your bookkeeper will optimise the payment of bills to a time when your finances are buoyant and in good order, rather than paying an outstanding bill right away, or waiting for a final notice, which most small businesses are guilty of at some time or other. This not only keeps you in the good books of suppliers and those people who supply you with services, but also makes sure that your business is on a good financial footing. When, as an individual, you are mostly focussed on the operation of your daily business activities, this is a balancing act that can be tough to accomplish.
For your small business, or if you're a sole trader, employing a qualified bookkeeper in Burgess Hill, gives you the chance to have an unrelated eye cast over your financies. It's quite possible that an objective evaluation like this will pinpoint business trends and patterns that you haven't previously noticed. A bookkeeper recognising a brand new opportunity or flagging an area of the business where profits are dropping off, is by no means uncommon. It is crucial for the growth and success of any small business in Burgess Hill, to spot these KPI's (key performance indicators).
If your business sends out invoices it can often be humiliating having to pursue a late payment. Having a person outside your business bubble, can take away the awkwardness of making that phone call or visit to your customer. If you have a repeating late payer there are legal options a bookkeeper can employ to help to clear up the issue before the matter ends up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
As a sole trader the requirements for bookkeeping, as laid out by law, start off really straightforward. A sole trader is required to keep records of expenditure and income on a monthly basis and keep all receipts and invoices. While this might sound simple enough it is still recommended to hire the expert services of a bookkeeping company. Advising you on what valid business expenses you might be able to claim back, a professional sole trader bookkeeper in Burgess Hill will deal with HMRC on your behalf. This could include promotional advertising, items such as laptops, stationery goods, rent and bills if working from home and printer ink. Talk to your bookkeeper for more in-depth advice and discover how they can help your small business grow.
BOOKKEEPING FOR ONLINE TRADERS IN BURGESS HILL
There are certain niche areas in bookkeeping where a specialist could be required. For instance, if you run a store online, you'll be better off employing a bookkeeper in Burgess Hill who's familiar with exchange rate transfers, international and cross-border taxes, multi-currency processing and online payments. If you hold or produce the merchandise that you distribute through that outlet, then it's going to be a major priority for your bookkeeping services and software to control your stock on a 24/7 basis, given that the internet does not sleep.
In combination with bookkeeping services, it's also possible to supply a virtual office. This can be useful in enabling an online only business or sole trader to have a telephone service and postal address to offer a physical link with their customer base. If this kind of service could be useful, it is definitely worth talking about the possibilities, although this solution will not be supplied by all bookkeepers in Burgess Hill.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A number of the bookkeeping qualifications are at Certificate and Diploma level, and it is not mandatory for a professional Burgess Hill bookkeeper to have a degree in accounting. There are a range of courses available online, although bookkeeping qualifications can still be obtained through further education colleges and universities.
To provide training and certification for bookkeepers, there are basically 2 key organisations of interest:
The Institute of Certified Bookkeepers or ICB: The largest organisation of its kind in the world is the the Institute of Certified Bookkeepers (ICB), and it supplies accreditation to certified bookkeepers, along with reference material and training to keep their associated members up-to-speed with the latest trends.
The Association of Accounting Technicians (AAT): With certified members entitled to use the letters AATQB after their name, the AAT or Association of Accounting Technicians provides advanced qualifications and training. This then entitles them to become a registered AAT bookkeeper and promises a minimum standard of service which is backed by the association. To preserve the trustworthiness of the AAT membership, if a bookkeeper who's a member of the AAT is found to have broken the code of conduct or has a complaint against them, they could be liable to disciplinary and tribunal processes.
By visiting the register of ICB or ATT members on their websites, it's possible to verify the accreditations of any professional bookkeeper. Prior to employing any bookkeeping service in Burgess Hill, it's generally wise to carry out these checks.
Bookkeeping services are available in Burgess Hill and also nearby in: Albourne, Goddards Green, Wivelsfield, Plumpton Green, Hurst Wickham, Ditchling Common, Wivelsfield Green, Sayers Common, Scaynes Hill, Chailey, and in these postcodes RH15 0EE, RH15 0BJ, RH15 0EB, RH15 0JA, RH15 0HL, RH15 0AS, RH15 0DN, RH15 0FX, RH15 0NT, RH15 0LZ. Locally based Burgess Hill bookkeeper services will most likely have the postcode RH15 and the phone code 01444. Checking this out can confirm you access local bookkeepers. Burgess Hill sole traders and business owners will be able to utilise these and lots of other bookkeeping related services.
Outsourced Bookkeeping Burgess Hill
All businesses in Burgess Hill should understand the significance of bookkeeping. It helps business people monitor the money left in their bank account, their incomings and outgoings, the total value of their assets and liabilities, and the like. With the business owner having to contend with the concerns and issues of running a business, the task of doing the bookkeeping is normally outsourced to a bookkeeping company or freelance bookkeepers in Burgess Hill.
If a company in Burgess Hill hires a bookkeeper in order to become an employee, the company will have to spend a substantial sum of money in training the individual for the purpose of performing the bookkeeping duties. In addition to that, there is no guarantee that he or she will stay after the training is finished. In that case, the company will have thrown away a considerable sum of money. Besides that, businesses will need to look for solutions to provide benefits and incentives to keep the employee in place. These are just some of the reasons behind companies enlisting the services of bookkeeping companies and professional bookkeepers in Burgess Hill.
With the advent of new technology there is no need for business owners to stick to a freelance bookkeeper who may continue with outdated accounting practices. Again, they are not under pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is becoming increasingly common in the financial domain. One will find a lot many companies offering financial bookkeeping services catering to all kinds of clients and industries in Burgess Hill. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Burgess Hill bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.
The business owner in Burgess Hill can look for the following options with the bookkeeping company that offer outsourcing services. Check and find out how much savings he can enjoy by outsourcing the bookkeeping work. Since the expenses related to hiring and training the in-house staff is a great concern, it would be wise on the part of business owner to focus on an outsourcing company that can offer good savings. Try to get first hand information regarding the systems and methods employed by the company involved in bookkeeping services. It is very much important to get quality accounting services and greater security for your financial data. By quality, one means reliable, precise, and real-time bookkeeping data delivered within the set time. In short, the company that offers bookkeeping services in Burgess Hill should have a well protected system that can be relied on and trusted.
These professional bookkeeping companies in Burgess Hill 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.
Franchise bookkeeping Burgess Hill.
Burgess Hill Bookkeeper Tasks
Most Burgess Hill bookkeepers will be prepared to provide you with the following bookkeeping services: maintaining fixed asset registers, Sage bookkeeping, bank reconciliations, QUOTE FORM provided. We'll get back to you with specifics as soon as we can.in Burgess Hill, bookkeeping for payroll, bookkeeping price quotes, in Burgess Hill, cash flow analysis Burgess Hill, charity bookkeeping Burgess Hill, letting agent bookkeeping Burgess Hill, VAT returns Burgess Hill, mobile bookkeeping services, bookkeeping for tradesmen, bookkeeping for small business in Burgess Hill, invoice processing, Xero bookkeeping services, bookkeeping services for organisations, tax return preparation, tax returns Burgess Hill, general bookkeeping services, bookkeeping services for clubs, bookkeeping and accounting services, bookkeeping for retail outlets, bookkeeping services for pubs, management accounts, payment services Burgess Hill, bookkeeping services for restaurants in Burgess Hill, bookkeeping services for freelancers, and more. Listed are just a handful of the tasks that are undertaken by local bookkeepers. Burgess Hill providers will keep you informed about their entire range of services. If there happen to be some other Burgess Hill bookkeeper requirements that you need but can't see here, you should mention them on the
West Sussex Bookkeeper
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Burgess Hill Bookkeeper Questions
In the past few weeks I've been mulling over the most common questions that folks in Burgess Hill ask in relation to bookkeeping. A good few of our web visitors sent in interesting queries that might be relevant to this article. The most appropriate ones seemed to be, How much do bookkeepers charge? What are the advantages of a bookkeeper? Can you do bookkeeping without a licence? What are a bookkeeper's duties? What qualifications does a bookkeeper hold? What does bookkeeping consist of? Why is bookkeeping important to any business operation in Burgess Hill? Is bookkeeping and accounting the same? Do bookkeepers do accounts payable? We hope most of these questions have been answered in this blog post, if not a bookkeeping "Q&A" section is a feature we will be putting in any day now. My thanks go out to Zain Jackson, Dennis Webster, Igor Byrne and Nicole Goddard from Burgess Hill, for taking the time to present these questions. Enquiries were also sent in by Layla Sharpe in Chailey, Cameron Wild in Scaynes Hill and Alaina Hubbard in Sayers Common.
West Sussex Bookkeeping Enquiries
The latest West Sussex bookkeeping enquiries: Tia Purvis from Thakeham, West Sussex was searching for bookkeeping services for her fashion company. Steffan Moorhouse from Thakeham was hunting for bookkeeping for his bricklaying business. Elisa Conroy in Crawley Down was searching for a bookkeeper to do her Self-Assessment tax returns. Edwin Finney in Broadbridge Heath, West Sussex was searching for bookkeeping for his sporting goods shop. Aysha Prentice in Sayers Common was hunting for bookkeeping services for her nail salon. Aizah Stephenson from Iping was interested infor her tea shop. Arla Howarth was searching for Small Dole, West Sussex. Fraser Bourne from Ifold was asking about bookkeeping for his football club. All these local customers did a search for "Bookkeepers West Sussex" and came across this website on either Bing, Google or Yahoo.
Bookkeepers Near Burgess Hill
Also here.: Sayers Common bookkeepers, Ditchling Common bookkeepers, Chailey bookkeepers, Scaynes Hill bookkeepers, Goddards Green bookkeepers, Albourne bookkeepers, Hurst Wickham bookkeepers, Wivelsfield Green bookkeepers, Plumpton Green bookkeepers, Wivelsfield and more. All of these areas are catered for by local bookeepers. Burgess Hill businesses and traders can get prices for bookkeeping services by clicking
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Bookkeepers Around Burgess Hill: People living in these Burgess Hill areas and streets have just recently inquired about bookkeeping services - Queens Crescent, South Close, Packham Way, Dalewood Gardens, The Jays, Poplars Close, Holmesdale Road, Kings Way, St Mary's Road, Maple Drive, Mansion Close, Perryfields, The Willows, Kirdford Close, Portland Road, Stirling Court Road, Midfields Drive, Southway, Folders Close, Golden Hill, Downs Road, Fry Crescent, The Drive, Woodland Close, Withy Bush, Tudor Gardens, Farm Way, Jane's Lane, as well as these local Burgess Hill postcodes: RH15 0EE, RH15 0BJ, RH15 0EB, RH15 0JA, RH15 0HL, RH15 0AS, RH15 0DN, RH15 0FX, RH15 0NT, RH15 0LZ.
Burgess Hill Bookkeeping Jobs: Find bookkeeping jobs near Burgess Hill by clicking here: Bookkeeping Jobs Burgess Hill
If you're interested in local Burgess Hill info look here
More West Sussex Bookkeepers: More Southwick, East Grinstead, Southwater, Worthing, Horsham, Crawley, Lancing, Bognor Regis, Shoreham-by-Sea, Hurstpierpoint, Littlehampton, Rustington, Haywards Heath, Chichester and Burgess Hill.:
Bookkeepers in RH15 area, 01444.
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