Bookkeepers Burslem Staffordshire (ST5): If you are a sole trader, own a small business or operate an online store in Burslem, you're responsible for keeping accurate, "true and fair" accounting and financial records for at least 6 yrs as stated by the Companies Act (2006). If you can't produce such records, you may face disqualification as a Company Director and get thousands of pounds in fines. The trade magazine Accounting Today says that over 40% of small businesses spend eighty hours plus each year doing their accounts, therefore while you can accomplish these financial records on your own, it can pay to employ a professional accountant or bookkeeper to do them for you.
The time has come to contact a bookkeeper in Burslem for guidance and advice, if you are filled with dread just thinking about the possiblility of tracking assets and liabilities, producing balance sheets, preparing profit, loss and fiscal reports or filling out ledgers.
BOOKKEEPER OR ACCOUNTANT?
"Just what is the difference between an accountant and a bookkeeper?" Is a question that is asked by most business owners in Burslem. The reality is that even though in the past the bookkeeping process, was considered to be beneath the skill-sets, experience and qualifications of an accountant, because of software developments over the past decade, many accountancy firms in Burslem will now take on bookkeeping tasks. It's now common practice for accounting companies to charge a set fee for bookkeeping services based on a dedicated bookkeeper's fee. As it provides a broader range of competition within this sector, this is excellent news for business owners in Burslem, making the cost of their bookkeeping much more affordable than it previously was.
The amount of training and qualification required is the big difference between an accountant and a bookkeeper. Normally holding an accounting degree, a professional accountant will also have had training in tax essentials and further qualifications in business and financial management. A bookkeeper in Burslem will undoubtedly have an understanding of these procedures, but might not hold the qualifications or levels of experience and training.
RESPONSIBILITIES OF A BOOKKEEPER IN BURSLEM
The bookkeeping process in simple terms, is to record the day by day monetary transactions of any enterprise or business in Burslem. This will likely include, but is by no means limited to;
- Payroll services.
- Highlighting any discrepancies in financial accounts and rectifying them.
- The billing of customers for goods or work completed.
- VAT recording and submissions.
- Monthly reconciliation and reporting.
- Ensuring accounting and double-entry bookkeeping practices are followed at all times.
- Recording the receipt of invoices and ensuring that payment is completed promptly.
- Documenting of all financial incomings; card, electronic and cash payments included.
If you're prepared to carry out the majority of bookkeeping work yourself; a bookkeeper might just be needed to double check your accounts on a fixed schedule. To enable any mistakes or problems to be found and amended promptly, this ought to be monthly at the bare minimum. If you're able to stay on top of your everyday trading and financial transactions, this compromise can often be the most cost effective.
It is a good bet that if you're looking at hiring a bookkeeper in Burslem, you are currently fretting over the financial recording side of your small business. A professional bookkeeping company will be able to help you to link your business accounts with the most suitable software to facilitate the seamless arrangement of financial data, and will provide assistance with such things as invoicing, creating expense reports and stocktaking.
The reconciliation of cash flow with accounts payable is one of the most important aspects of a good bookkeeping service. This means that your bookkeeper will schedule the payment of bills to times when your accounts are in good shape and buoyant, rather than paying an outstanding bill immediately, or waiting on a final notice, which many small businesses are guilty of at some time or other. This doesn't just keep 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 sound financial footing. This is one of those balancing acts that can be tricky to perform when you are firmly focussed on the smooth running of your daily business activities.
Having somebody who is unconnected to the business cast an eagle eye over your financial dealings, is another added benefit of employing a competent bookkeeper in Burslem if you are a sole trader, or for your small business. This unbiased assessment can permit them to see business trends and patterns that you might have overlooked. It's not at all uncommon for a smart bookkeeper to flag up an area where profits are dropping off, or spot a new opportunity which could prove worthwhile. These key performance indicators are essential in enabling growth in any small business in Burslem.
If you give out invoices as part of your business operations, needing to chase up late payments can be really humiliating. Some of that embarrassment can be taken away by having an individual outside your normal business bubble visit your customer or make that phone call. If you have a persistent late or non-payer there are legal techniques that a professional bookkeeper can make use of to help to clear up the issue before the situation winds up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
If you're a sole trader the bookkeeping requirements, as laid out by law, start off really straightforward. Essentially, sole traders must retain all invoices and receipts, and keep track of expenditure and income on a monthly basis. Now, this does not sound that hard does it? Yet, it is still recommended that you hire the services of a competent bookkeeper to make certain that it is all done properly. When working through your Self-Assessment tax returns, a specialist sole trader bookkeeper in Burslem will be able to advise you on what your bonafide business expenses are, and claim these back from HMRC. This might include items such as computing equipment, stationery goods, consumables, advertising expenses and bills and rent if you work from home. Talk to your bookkeeper for more in-depth advice and discover how they can help your business to grow and prosper.
BOOKKEEPING FOR ONLINE TRADERS IN BURSLEM
Certain businesses that operate in niche areas, may need to employ a specialist bookkeeping service. If exchange rate transfers, online payment procedures, multi-currency processing and international and cross-border taxes are involved, for instance if you operate a store online, you will want to hire a bookkeeper in Burslem who's familiar with these operations. Given that the internet does not sleep, if that same outlet sells goods you produce or hold then regulating your stock on a 24 hours a day basis is a huge concern which will have to be dealt with.
It is also possible to establish a remote virtual office, that can be utilised in conjunction with your bookkeeping services and package. Offering a physical link with their buyers, this allows an online only business or sole trader to have a phone service and postal address. It's definitely worth discussing this possibility if it's needed, although not all Burslem bookkeeping companies will supply this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A number of the bookkeeping industry qualifications are at Certificate and Diploma level, and it's not necessary for a certified bookkeeper in Burslem to hold an accounting degree. Although there is a range of online bookkeeping courses available, qualifications can still be gained through further education universities and colleges, if that is the chosen route.
To provide certification and training for bookkeepers, there are basically 2 primary organisations of interest:
The Institute of Certified Bookkeepers or ICB: The largest bookkeeping organisation anywhere in the world is the the Institute of Certified Bookkeepers (ICB), and it offers certification for bookkeepers, in addition to training and reference material to keep their members informed about the latest trends and innovations.
The AAT or Association of Accounting Technicians: With certified members entitled to use the letters AATQB, the Association of Accounting Technicians (AAT) provides a training schedule with advanced qualifications. This assures a decent standard of service to their clients which is backed by the organisation, and entitles them to become a authorised AAT bookkeeper. To preserve the values and integrity of AAT membership, if a bookkeeper who is associated with the AAT is found to have contravened the code of conduct or has a complaint filed against them, they may be subject to disciplinary and tribunal processes.
The accreditations of any bookkeeper in Burslem can be checked on the register of ICB or ATT members on their respective websites. Performing such checks is usually advisable before you actually employ any bookkeeper in Burslem.
Bookkeeping services are available in Burslem and also in nearby places like: Stanfield, Bradwell, Longbridge Hayes, Bradeley Village, Porthill, Tunstall, Chesterton, Hanley, Newcastle-under-Lyme, Middleport, Smallthorne, Wolstanton, Dimsdale, Longport, Talke Pits, and in these postcodes ST6 2QB, ST6 2AN, ST6 4HU, ST6 1EB, ST6 4AN, ST6 4AH, ST6 1DJ, ST6 1DP, ST6 3RU, ST6 4ED. Locally based Burslem bookkeeper services will likely have the postcode ST5 and the phone code 01782. Checking this out should ensure you access local bookkeepers. Burslem sole traders and business owners will be able to benefit from these and various other related services.
Burslem Bookkeeper Questions
In recent weeks I've been having a close look at the most commonplace questions people in Burslem ask with regards to bookkeeping. A number of you have e-mailed important queries that are worthy of a mention here. Those which caught the eye were, Which bookkeeping certification is best in the UK? Why is bookkeeping important for a small business? Which bookkeeper certification is best? How is bookkeeping related to accounting? What do bookkeeping services offer? What does a bookkeeper do? How much is a bookkeeper per hour? Does bookkeeping include payroll? What are the benefits of a bookkeeping services? Hopefully nearly all of those questions have been answered somewhere on this webpage, and if some remain unanswered we will shortly be adding a bookkeeping "Questions and Answers" feature. My gratitude goes out to Toby Richardson, Nate Gordon, Antony Jarvis and Bailey Bradshaw, for taking time out to send in these excellent questions. It was also nice to get queries from Vanessa Hale in Bradeley Village, Christopher Logan in Stanfield and Jessica Cotton in Longport.
Burslem Bookkeeper Tasks
Most Burslem bookkeepers will be able to offer you the following accounting and bookkeeping services: off-site bookkeeping services, company cash books Burslem, bookkeeping for tradesmen in Burslem, VAT returns, bookkeeping for clubs in Burslem, bookkeeping for organisations in Burslem, tax preparation, Kashflow bookkeeping services, payment services, management accounts, bookkeeping for payroll Burslem, bookkeeping prices, bookkeeping services for charities in Burslem, bookkeeping services in Burslem, bookkeeping services for retail outlets, bookkeeping services for sole traders, tax returns in Burslem, bookkeeping services for startups Burslem, business bookkeeping, bookkeeping for freelancers, invoice processing, bookkeeping for self-employed people Burslem, bookkeeping services for restaurants, cash flow analysis Burslem, profit & loss reports, Self-Assessment tax returns, and more. These are just a selection of the activities that are handled by local bookkeepers. Burslem professionals will be delighted to keep you abreast of their entire range of services. If there are additional Burslem bookkeeper requirements that you want but cannot see here, you can mention them on the QUOTE FORM provided. We will get back to you with details as soon as we can.
In Staffordshire you can also get: Hill Ridware bookkeepers, Hixon bookkeeping, Anglesey bookkeeping, Betley bookkeeping accountants, Fulford bookkeeping accountants, Stretton bookkeepers, Yarnfield accounts services, Bilbrook accounts services, Stonnall bookkeeper, Wombourne bookkeeping accountants, Trysull bookkeeping, Heath Hayes bookkeeping, Brizlincote bookkeeping accountants, Horninglow bookkeepers, Burslem bookkeeper, Tunstall bookkeeping services, Cheddleton bookkeeping services, Betley bookkeepers, Eccleshall bookkeepers, Norton Canes bookkeeping services, Draycott in the Clay bookkeeping services, Trysull bookkeeping services, Shenstone bookkeeping services, Bridgtown bookkeepers, High Offley bookkeepers, Seighford bookkeeper, Bilbrook bookkeeping, Keele bookkeeping accountants, Checkley bookkeepers, Waterhouses bookkeeping. In every area of Staffordshire you'll be able to find bookkeepers who'll provide high quality services for your security requirements. If you're unable to identify a suitablein Burslem itself then you should not have any issues locating a good one somewhere nearby.
Bookkeepers Near Burslem
Also here.: Dimsdale bookkeepers, Smallthorne bookkeepers, Stanfield bookkeepers, Bradeley Village bookkeepers, Longbridge Hayes bookkeepers, Newcastle-under-Lyme bookkeepers, Wolstanton bookkeepers, Hanley bookkeepers, Middleport bookkeepers, Porthill bookkeepers, Bradwell bookkeepers, Longport bookkeepers, Tunstall bookkeepers, Talke Pits bookkeepers, Chesterton and more. The majority of these villages and towns are served by local bookeepers. Burslem businesses can get quotes for bookkeeping services by clicking
- Burslem Profit and Loss Reports
- Burslem Bookkeeping Estimates
- Burslem Bookkeeping Services
- Burslem PAYE Wages and CIS
- Burslem Sole Trader Bookkeeping
- Burslem Double-Entry Bookkeeping
- Burslem Tax Returns
- Burslem Credit Control
- Burslem Invoice Processing
- Burslem Small Business Bookkeeping
- Burslem Self-Assessment Bookkeeping
- Burslem Cheap Bookkeeping
- Burslem Cash Flow Analysis
- Burslem Payroll Services
More Burslem Services: Not surprisingly, whenever you're in need of a bookkeeper in Burslem, Staffordshire, you are likely to need all kinds of different services and apart from card processing in Burslem, financial advice in Burslem, network, database & IT support in Burslem, social media marketing in Burslem, web design in Burslem, digital marketing services in Burslem, pay per click advertising in Burslem, telemarketing in Burslem, EPOS in Burslem, business consulting in Burslem, HR consulting in Burslem, telephone system services in Burslem, a marketing agency in Burslem, Ecommerce assistance in Burslem, hosting & cloud services in Burslem, promotional video production in Burslem, an accountant in Burslem, and other different Burslem specialists.in Burslem, Staffordshire, you might also need
Bookkeepers Around Burslem: People living in the following Burslem streets and areas have just recently inquired about bookkeeping services - Severn Street, Ashburton Street, Bulstrode Street, Blake Street, Rhondda Avenue, Queen Street, Kingswinford Place, Eldon Street, Baptist Street, Martin Street, Festival Close, Stansgate Place, Bursley Road, Brookside, Windermere Street, Cape Street, Auckland Street, Lincoln Road, Edge Street, Emerson Road, Mott Place, Lower Bryan Street, Stubbs Street, Milburn Road, Sandbach Road, Bournes Bank South, Heyburn Crescent, Wycliffe Road, Trafalgar Street, as well as the following Burslem area postcodes: ST6 2QB, ST6 2AN, ST6 4HU, ST6 1EB, ST6 4AN, ST6 4AH, ST6 1DJ, ST6 1DP, ST6 3RU, ST6 4ED.
Bookkeeping Jobs Burslem: Browse bookkeeping jobs near Burslem by clicking here: Bookkeeping Jobs Burslem
More Staffordshire Bookkeepers: More Heath Hayes, Lichfield, Biddulph, Leek, Longton, Newcastle-under-Lyme, Wombourne, Hednesford, Stafford, Hanley, Tamworth, Fenton, Stone, Kidsgrove, Burslem, Uttoxeter, Stoke-on-Trent, Burntwood, Cannock, Rugeley and Burton-upon-Trent.:
If you need local information on Burslem, Staffordshire click here
Bookkeepers in ST5 area, (dialling code 01782).
Bookkeepers Burslem - Small Business Bookkeepers Burslem - Self-Assessment Tax Returns Burslem - VAT Returns Burslem - Kashflow Bookkeeping Burslem - Cheap Bookkeeping Burslem - ST5 - Sole Trader Bookkeeping Burslem - Sole Trader Bookkeepers Burslem