Bookkeepers Cambridge

Cambridge Bookkeeping Services

Bookkeepers Cambridge Cambridgeshire (CB1): Regardless of whether you run a small business, operate an online store or are a sole trader in Cambridge, you are responsible for keeping accurate, "true and fair" financial and accounting records for a minimum of 6 yrs to comply with the Companies Act. You could face disqualification as a Company Director and get thousands of pounds in fines, if you cannot produce this information. There's a substantial time investment involved with compiling such financial records on your own behalf, and it's often more cost-effective to use a professional bookkeeper or accountant, since according to Accounting Today magazine over forty percent of small businesses spend at least 80 hours each year on their accounts.

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The time has come to contact a bookkeeper in Cambridge for guidance and advice, if you are filled with panic simply thinking about compiling balance sheets, tracking liabilities and assets, writing ledgers or preparing profit, loss and financial statements.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Cambridge Cambridgeshire (CB1)

"What exactly is the difference between an accountant and a bookkeeper?" Is a question that's asked by a lot of business owners in Cambridge. While in past times a lot of accountants considered the bookkeeping process to be beneath their experience, skill-sets and qualifications, a lot of accountancy companies in the Cambridge area will now take on the task of bookkeeping, due to improvements in software over the past ten years. To make sure their bookkeeping services are commensurate with an independent bookkeeper's fee, it is now common practice for many accountancy firms to charge a fixed rate for these services. Business owners are now cashing in on this, because it generates a wider range of competition within this sector and can mean that the cost of bookkeeping is far more affordable than it would have been in the past.

It is essentially the level of qualification and training that is needed for each of these disciplines, that reflects the biggest difference between an accountant and a bookkeeper in Cambridge. Usually holding a degree in accounting, a professional accountant should also have had additional training in tax law and have qualifications in business and fiscal management. While possibly not having this level of training and experience, or holding the same financial qualifications, a bookkeeper in Cambridge will still have a good grasp of all these fiscal disciplines.

A BOOKKEEPER'S RESPONSIBILITIES

The recording of day by day monetary transactions of any enterprise or business in Cambridge, describes the process of bookkeeping in simple terms. This is likely to include, but is by no means limited to;

  • Highlighting any discrepancies in the financial accounts and rectifying them.
  • Making sure that accounting and double-entry bookkeeping practices are implemented.
  • Documenting the receipt of invoices and making certain payment is completed by the due date.
  • VAT submissions and recording.
  • The billing of clients for work completed or goods.
  • Documenting of all financial incomings; electronic, cash and card payments included.
  • Monthly reports and reconciliation.
  • Payroll services.
Bookkeeping Cambridge UK (01223)

Depending on the level of service you require, a bookkeeper may just be needed to periodically double-check your records, if you're able to carry out the bulk of the bookkeeping work yourself. This really needs to be done every month as a bare minimum, since this will allow any mistakes or problems to be detected and rectified speedily. If it's possible to stay on top of your day to day financial transactions and trading, this trade-off can often be the most economical.

If you are presently considering hiring a bookkeeping service in Cambridge, whatever your circumstances are, it is a good bet that you might be struggling with your financial recording procedures. A professional bookkeeping company will be able to provide assistance with everything from stocktaking, generating expense reports and invoicing, to linking your business accounts with the most up-to-date software application to allow the seamless arrangement of data.

Bookkeeping Enquiries in Cambridge Cambridgeshire

An especially crucial aspect of a good bookkeeper is the ability to reconcile accounts payable with cash flow. This means that your bookkeeper will organise the payment of bills to a time when your accounts are buoyant and in good order, instead of paying an outstanding bill immediately, or waiting on a final notice, which many small businesses in Cambridge are guilty of doing. This isn't simply to ensure your enterprise or business is financially stable at all times, but also to keep you in favour with those businesses who supply your materials or services. This is one of those juggling acts that can be challenging to perform when you're mainly focussed on the smooth running of your daily business operations.

Bookkeeper Near Cambridge Cambridgeshire

Having a person who's unconnected to the business cast an eye over your financial affairs, is another added benefit of employing an experienced bookkeeper in Cambridge for your small business or if you're a sole trader. This unprejudiced assessment can allow them to notice business patterns and trends that might have otherwise gone unnoticed. A scenario where a smart bookkeeper flags up an area of the business where profits are dropping off, or identifies an opportunity which may prove worthwhile, is not at all an unheard of occurrence. It's vital for the success of any business enterprise in Cambridge, to spot these key performance indicators.

If invoices are sent out by your company it can often be humiliating having to chase up late payments. By having someone outside your normal business bubble visit your clients or make that telephone call, some of that awkwardness can be removed. There are legal methods that a bookkeeper can make use of, if you have problems with a repeating late payer, and they can help to clear up the issue before the situation winds up in a claims court proceeding.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The legal requirements for bookkeeping if you're a sole trader, are pretty straightforward and basic. Essentially, sole traders should retain all invoices and receipts, and keep track of expenditure and income from month to month. It's still a wise move to hire the expert services of a competent bookkeeper, even if this may sound simple enough. Advising you on what bonafide business expenses you might be able to claim back, a specialist sole trader bookkeeper in Cambridge will look after your financial dealings with HMRC. This may include advertising expenses, bills and rent if working from home, items such as laptops, stationery and consumables. If you'd like to get more detailed advice, and learn how your business can grow in the future, chat to a trusted bookkeeper.

BOOKKEEPING FOR ONLINE TRADERS IN CAMBRIDGE

Bookkeeping Services Cambridge

There are niche areas in bookkeeping where the expertise of a specialist could be necessary. If you manage an online store for example, you will require a bookkeeper in Cambridge who understands multi-currency processing, international and cross-border taxes, exchange rate transfers and online payments. Given that the internet doesn't sleep, if the same outlet sells goods you hold or produce then controlling stock on a 24/7 basis is a major priority which will have to be addressed.

A virtual office can also be supplied in combination with your bookkeeping services. This enables a sole trader or online only business to have a postal address and phone service to provide a physical link with their buyers. Although this solution might not be provided by all Cambridge bookkeeping businesses, it is definitely worth discussing the possibilities if this service is something that could be beneficial.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many qualifications for the bookkeeping sector are at Certificate or Diploma level, and a qualified Cambridge bookkeeper need not have a degree. If the preferred route to qualification is via further education colleges and universities, this is still a possibility, although there there's an ever-growing range of bookkeeping courses available online.

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

Local Bookkeeping Services Cambridge (CB1)

The Institute of Certified Bookkeepers or ICB: The ICB or Institute of Certified Bookkeepers is the largest on the planet and supplies certification for qualified bookkeepers, along with training and reference material to keep their associated members up-to-speed with the latest trends.

The AAT or Association of Accounting Technicians: Providing a training schedule with advanced qualifications, the AAT or Association of Accounting Technicians, allows fully certified bookkeepers to use the letters AATQB after their name. They can then become authorised AAT bookkeepers, approved by this respected organisation, which assures a decent standard of service for their clients. To preserve the credibility of AAT membership, an AAT bookkeeper can be subject to tribunal and disciplinary procedures if they are found to have contravened the code of practice or have had a complaint filed against them.

By visiting their respective websites, it is possible to check the qualifications of any Cambridge bookkeeper on the register of ICB or AAT members. It is advisable to carry out this check, before you use the services of any professional bookkeeper in Cambridge.

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Book Bookkeeper in Cambridge UK

Bookkeeping services are available in Cambridge and also in: St Neots, Cherry Hinton, Chesterton, Grantchester, Newmarket, Cottenham, Grantchester Meadows, Girton, Trumpington, Horningsea, Fen Ditton, Teversham, Petersfield, Milton, Newtown, as well as in these postcodes CB1 0GA, CB1 1BB, CB1 0JX, CB1 0LB, CB1 0LE, CB1 0LX, CB1 0WT, CB1 0XS, CB1 0GW, CB1 0PT. Locally based Cambridge bookkeeper services will probably have the phone code 01223 and the postcode CB1. Verifying this can guarantee that you are accessing local bookkeepers. Cambridge sole traders and business owners are able to utilise these and various other related services.

Bookkeeping Cambridge - Outsourcing Options

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

Outsourcing Bookkeeping

If a company in Cambridge hires a bookkeeper in order to join their ranks, the company will need to spend a substantial amount of money in training the person for the purpose of doing the bookkeeping tasks. In addition to that, there is no guarantee that he or she will stay after the training is completed. In that case, the company stands to lose a considerable amount of money. Apart from that, businesses will have to look for ways and means to provide benefits and incentives to keep the employee there. These are a few of the reasons behind business organisations enlisting the services of bookkeeping companies and professional bookkeepers in Cambridge.

With the advent of new technology and the internet 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 Cambridge. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Cambridge bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.

These professional bookkeeping companies in Cambridge 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.

Cambridge Bookkeeper Tasks

Bookkeeper Tasks Cambridge

Most bookkeepers in Cambridge will be prepared to provide you with the following services: bookkeeping quotations Cambridge, bookkeeping services for small business, VAT returns, letting agent bookkeeping Cambridge, independent bookkeeping services, cheap bookkeeping services, bookkeeping services for freelancers, bank reconciliation, general bookkeeping services, double-entry bookkeeping, professional bookkeeping services in Cambridge, mobile bookkeeping services, management accounts, payroll bookkeeping, bookkeeping for charities, PAYE & wages in Cambridge, charity bookkeeping Cambridge, corporation tax returns in Cambridge, cash books, tax preparation, bookkeeping for home-based businesses, bookkeeping services Cambridge, management reports Cambridge, bookkeeping for retail outlets in Cambridge, Quickbook bookkeeping, invoice processing, landlord bookkeeping Cambridge, bookkeeping services for clubs, bookkeeping for organisations, Kashflow bookkeeping, and more. Listed are just an example of the tasks that are performed by local bookkeepers. Cambridge companies will inform you of their whole range of services. If there are some other Cambridge bookkeeper requirements that you need but can't see here, you can easily mention them on the QUOTE FORM provided. We will get back to you with details just as soon as we can.

Cambridgeshire Bookkeeping Enquiries

Bookkeeping Enquiries Cambridgeshire

Latest Cambridgeshire bookkeeping enquiries: Rhea Broadbent from Haslingfield, Cambridgeshire was looking for a bookkeeper for her nail salon. Zayne Olivier in Bottisham, Cambridgeshire was enquiring about bookkeeping services for his building company. Stanley Mack in Stretham was looking for a bookkeeper to do his tax returns. Albi Coleman from Manea, Cambridgeshire was looking for bookkeeping for his public house. Logan Paul in Bretton was enquiring about bookkeeping for his football club. Cecilia Paterson in Woodditton, Cambridgeshire was looking for bookkeeping services for her internet sales business. Guy Mcauley from Witchford was searching for bookkeeping services for his online business. Lilly-May Stacey from Eaton Socon was looking for a bookkeeper for her tennis club. These local clients conducted a search for "Bookkeepers Cambridgeshire" and located this web page on either Yahoo, Google or Bing.

CAMBRIDGE BOOKKEEPING QUOTES

Bookkeepers Near Cambridge

Also find: Cottenham bookkeepers, Grantchester Meadows bookkeepers, Girton bookkeepers, Cherry Hinton bookkeepers, Teversham bookkeepers, Petersfield bookkeepers, Fen Ditton bookkeepers, Chesterton bookkeepers, Grantchester bookkeepers, Horningsea bookkeepers, Newtown bookkeepers, Milton bookkeepers, Newmarket bookkeepers, Trumpington bookkeepers, St Neots bookkeeper and more. The majority of these places are catered for by local bookeepers. Cambridge businesses and traders can get fees for bookkeeping services by going here.

Bookkeeping Services Cambridge

Find a Bookkeeper in Cambridge Here
Cambridge Bookkeeping Services (01223)
  • Cambridge VAT Returns
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  • Cambridge Profit and Loss Reports
  • Cambridge Accountancy Packages
  • Cambridge Small Business Bookkeeping
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  • Cambridge Payroll Services
  • Cambridge Double-Entry Bookkeeping
  • Cambridge Sole Trader Bookkeeping
  • Cambridge Bookkeeping Services
  • Cambridge Tax Returns
  • Cambridge PAYE Wages and CIS

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Bookkeepers Around Cambridge: People living in the following areas have recently enquired about bookkeeping services - The Crescent, Tennis Court Terrace, Chequers Road, Trinity Close, Ambrose Way, Downing Court, Staffordshire Gardens, Beech Way, Brockley Road, The Pastures, Topcliffe Way, Baycliffe Close, Scotland Road, St Pauls Walk, Thomas Road, Caithness Court, Dudley Road, Southacre Close, Silver Street, Church Way, Brenda Gautrey Way, Conder Close, Tabrum Close, Alms Cottages, Downing Street, Davy Road, Barrington Road, St Michaels Lane, as well as the following Cambridge area postcodes: CB1 0GA, CB1 1BB, CB1 0JX, CB1 0LB, CB1 0LE, CB1 0LX, CB1 0WT, CB1 0XS, CB1 0GW, CB1 0PT.

To read local info regarding Cambridge, Cambridgeshire go here

Bookkeepers in CB1 area, 01223.

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(This bookkeepers Cambridge content was updated on 26-08-2022)