Bookkeepers Craigavon Northern Ireland (BT63): You are entirely responsible for maintaining "true and fair", accurate financial and accounting records for at least 6 yrs, if you operate an online store, are a sole trader or run a small business in Craigavon, to comply with the Companies Act. You may face a hefty fine, and possibly Company Director disqualification, if you cannot produce such records. The trade magazine Accounting Today states that over forty percent of small businesses spend at least eighty hours annually on their accounts, therefore although you can do these financial recordings on your own behalf, it is often better to use a professional bookkeeping service or accountant to do them for you.
It's high time to get in touch with a bookkeeper in Craigavon for assistance, if just the thought of writing out ledgers, preparing profit, loss and fiscal reports, producing balance sheets or tracking assets and liabilities brings you feelings of terror.
BOOKKEEPER OR ACCOUNTANT?
"Exactly what is the difference between an accountant and a bookkeeper?" Is a question that is asked by many people in Craigavon. At one time it was typically regarded as to be beneath the qualifications, experience and skill set of an accountant to do the work of a bookkeper, however due to software improvements over the past 10 yrs, many bookkeeping tasks will now be carried out by accountancy companies in the Craigavon area. To make certain their bookkeeping services are in line with a dedicated bookkeeper's fee, it is now quite common for accounting firms to charge a fixed rate for such services. Business owners are now benefiting from this, as it generates a wider range of competition within the industry and can mean that the cost of bookkeeping is more affordable than it would have been previously.
When looking at the biggest difference between a bookkeeper and an accountant, it's the amount of training and qualification that's necessary for each of these disciplines. An accountant will generally a least hold a degree in accounting with further training in the field of taxation and other business and fiscal management. A bookkeeper in Craigavon will undoubtedly have an understanding of these fiscal disciplines, but might not necessarily hold the qualifications or levels of experience and training.
RESPONSIBILITIES OF A BOOKKEEPER
In simple terms, the bookkeeping process is to record the daily financial transactions of any business in Craigavon. This is likely to include, but is in no way limited to;
- VAT recording and submissions.
- Billing of customers for work completed or goods.
- Recording invoices received and making sure payment is completed by the due date.
- Ensuring accounting and double-entry bookkeeping practices are observed.
- Documenting of all financial incomings; card, cash and electronic payments included.
- Payroll services.
- Monthly reporting and reconciliations.
- Highlighting and rectifying any discrepancies in the financial accounts.
Whilst it is dependent on the extent of the service you're looking for, if you're able to do the majority of the bookkeeping work yourself, a bookkeeper might only be needed to double check your records periodically. This really needs to be done every month at the bare minimum, as this will allow any problems or mistakes to be detected and corrected speedily. If you're confident of staying on top of your everyday financial transactions and trading, this compromise can sometimes be the most cost effective.
If you're presently considering hiring a bookkeeping service in Craigavon, whatever your circumstances are, it's a good bet that you could be struggling with your financial and tax procedures. A decent bookkeeping service will be able to assist you in linking the most up-to-date software application with your business accounts to enable the seamless processing of transactional data, and will offer advice on such things as invoicing, stocktaking and preparing expense reports.
An extremely crucial aspect of effective bookkeeping is being able to reconcile accounts payable with cash flow. Which means that rather than paying a bill straight away, or waiting for a final notice, which a lot of small businesses in Craigavon are guilty of doing, your bookkeeper will prioritise bill payments to a time when your finances are buoyant and in good shape. This doesn't just keep you in favour with suppliers and the businesses who supply you with services, but also makes certain that your business or enterprise is on a secure financial footing. When, as an individual, you are primarily focussed on running your everyday business activities, this is a balancing act that can be difficult to perform.
Employing a qualified bookkeeper in Craigavon, for your small business or if you are a sole trader also gives them an opportunity to cast an unbiased eye over your financial situation. It is quite possible that a dispassionate appraisal such as this will pinpoint business patterns and trends that you haven't previously noticed. A bookkeeper identifying a new opportunity or noticing an area where profits are plummeting, is not at all unheard of. Such key performance indicators (KPI's) are important in driving growth for any small business in Craigavon.
It can sometimes be quite uncomfortable to chase up a late payment if your company sends out invoices. By having a person outside your business bubble make that phone call or visit to your customers, some of that awkwardness can be taken away. If you've got a persistent late payer there are legal options a professional bookkeeper can employ to help to clear up the situation before the matter winds up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The requirements for bookkeeping by a sole trader, as set out in law, are comparatively uncomplicated and easily understood. Essentially, sole traders must keep all invoices and receipts, and keep records of expenditure and income on a monthly basis. It is still advisable to hire the services of a competent bookkeeper, even though this may sound simple. Advising you on what bonafide business expenses you can claim back, a specialised sole trader bookkeeper in Craigavon will look after your dealings with HMRC. This may include printer ink, advertising, stationery goods, items such as computing equipment and bills and rent if working from home. For more detailed advice, chat to your local bookkeeper, and learn how they can help your business to grow going forward.
BOOKKEEPING FOR ONLINE TRADERS
There are certain niches in bookkeeping where the skills of a specialist might be necessary. You will need a bookkeeper in Craigavon who understands international and cross-border taxes, multi-currency processing, online payment procedures and exchange rate transfers, if you operate a store online for instance. Overseeing inventory on a 24/7 basis is also a massive priority, if the same store sells goods that you produce or hold, as I'm sure you'll be aware the internet does not sleep, so nor should your bookkeeping services and software.
A remote virtual office can also be supplied in conjunction with bookkeeping services. This allows an online only business or sole trader to have a telephone service and postal address to offer a physical connection to their clients. Not all Craigavon bookkeeping companies will provide this solution, however it's worth talking about the possibilities if it's something that could be of benefit.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A certified Craigavon bookkeeper doesn't need to have a degree and a great many qualifications in this sector are at Diploma or Certificate level. Although there is an ever-increasing selection of bookkeeping courses available online, qualifications can still be gained through further education colleges and universities, if that's the preferred route.
Training and certification for bookkeepers is mainly provided by two organisations:
The Association of Accounting Technicians (AAT): Entitled to use the letters AATQB, a fully trained member of the AAT (Association of Accounting Technicians) will have been provided with a training schedule and advanced qualifications in bookkeeping practice. This then permits them to become a certified AAT bookkeeper and promises a certain standard of service which is backed up by the association. To preserve the integrity and values of AAT membership, a bookkeeper who is affiliated with the AAT can be subject to disciplinary and tribunal processes if they have a complaint against them or are found to have broken the code of conduct.
The ICB or Institute of Certified Bookkeepers: Offering accreditation to certified bookkeepers, along with training and reference material to keep their associated members current with the latest trends and innovations, the Institute of Certified Bookkeepers (ICB) is the largest organisation of its kind anywhere in the world.
By going to their websites, you can verify the accreditations of any bookkeeper on the register of AAT or ICB members. Carrying out such checks is generally advised before actually hiring any professional bookkeeper in Craigavon.
Bookkeeping services are available for people living in in Craigavon and also in: Moira, Lurgan, Portadown, Waringstown, Coalisland, Dromara, Derrymacash, Aghalee, Dollingstown, Gilford, Magheralin, Upper Ballinderry, Tandragee, together with these postcodes BT62 3NW, BT63 5BF, BT63 5HF, BT63 5BE, BT63 5GD, BT63 5DP, BT63 5RG, BT62 1PB, BT63 5BN, BT63 5FW. Local Craigavon Bookkeepers will likely have the dialling code 028 38 and the postcode BT63. Checking this out should make certain that you access local bookkeepers. Craigavon sole traders and business owners can benefit from these and many other related services.
Bookkeeper Northern Ireland
In the Northern Ireland area you can also find: Culmore bookkeeping services, Hilltown bookkeepers, Glenavy bookkeeping, Dundonald bookkeeping, Millisle bookkeepers, Portaferry accounts services, Sion Mills bookkeeping services, Crumlin accounts services, Newbuildings bookkeeping, Crumlin bookkeeping, Portaferry bookkeeping, Dungiven bookkeeper, Keady bookkeepers, Rathfriland bookkeeper, Culmore bookkeeping accountants, Lisnaskea bookkeeping, Cullybackey bookkeeping services, Draperstown bookkeeping services, Castlewellan bookkeeping services, Maghera bookkeeping accountants, Bessbrook bookkeeping services, Moira bookkeeping, Saintfield bookkeeper, Lisnaskea bookkeepers, Irvinestown bookkeeping services, Rostrevor bookkeeper, Killyleagh bookkeeping services, Whitehead bookkeepers, Whitehead bookkeeping services. In every part of the Northern Ireland region you should be able to locate bookkeepers who will provide you with high quality services for all your security requirements. If you cannot find a suitable bookkeeper in Craigavon itself then you should be able to find one somewhere nearby.
Craigavon Bookkeeper Tasks
Most Craigavon bookkeepers will be prepared to provide you with the following bookkeeping services: bookkeeping for startups, mobile bookkeeping services, bookkeeping for freelancers, Kashflow bookkeeping services, off-site bookkeeping services in Craigavon, corporation tax returns Craigavon, VAT returns, partnership tax returns in Craigavon, bookkeeping services for tradesmen Craigavon, bookkeeping for small business, bookkeeping for home-based businesses, letting agent bookkeeping Craigavon, accountancy packages Craigavon, business bookkeeping Craigavon, PAYE & wages in Craigavon, Quickbook bookkeeping services, bookkeeping and accounting services, bookkeeping services for retail outlets Craigavon, credit control, bookkeeping services Craigavon, personal tax returns Craigavon, franchise bookkeeping Craigavon, bookkeeping for societies, bookkeeping for charities, professional bookkeeping services in Craigavon, bookkeeping quotes, independent bookkeeping services, maintaining fixed asset registers, tax returns, charity bookkeeping Craigavon, and more. These are just an example of the duties that are handled by local bookkeepers. Craigavon providers will be happy to tell you about their whole range of services. If there are some other Craigavon bookkeeper requirements that you want but cannot see here, you can easily mention them on the QUOTE FORM provided. We'll get back to you with specifics just as soon as we can.
Bookkeepers Near Craigavon
Also find: Dromara bookkeepers, Magheralin bookkeepers, Moira bookkeepers, Upper Ballinderry bookkeepers, Coalisland bookkeepers, Gilford bookkeepers, Tandragee bookkeepers, Derrymacash bookkeepers, Lurgan bookkeepers, Waringstown bookkeepers, Dollingstown bookkeepers, Portadown bookkeepers, Aghalee bookkeeper and more. All of these areas are serviced by local bookeepers. Craigavon residents can get prices for bookkeeping services by going here.
Bookkeeping Services Craigavon
- Craigavon Double-Entry Bookkeeping
- Craigavon Cheap Bookkeeping
- Craigavon Cash Flow Management
- Craigavon VAT Returns
- Craigavon Bookkeeping Estimates
- Craigavon Bookkeeping Services
- Craigavon Payroll Services
- Craigavon Self-Assessment Bookkeeping
- Craigavon Tax Preparation
- Craigavon Small Business Bookkeeping
- Craigavon Self-Assessment Tax Returns
- Craigavon Sole Trader Bookkeeping
- Craigavon Credit Control
- Craigavon PAYE and Wages
Bookkeepers Around Craigavon: People who live in the following streets and roads have just recently enquired about bookkeeping services - Bridge Street, Chestnut Grove, Toberhewny Park, Kilwilke Road, Brett Avenue, Kiln Vale, Gosselin Park, Alexandra Square, Forest Glade, Woodville Grove, Cooldreena, Colane Road, King Street, Springwell Gardens, Kelly Gardens, Bluestone Road, Colane Manor, Ann Street, Garland Drive, Ailsbury Park, Antrim Road, Portlec Place, Larkfield Square, Princes Close, Union Mews, Shankill Street, Drumnamoe Avenue, Hawthorne Avenue, Irwin Avenue, Margretta Close, as well as the following Craigavon area postcodes: BT62 3NW, BT63 5BF, BT63 5HF, BT63 5BE, BT63 5GD, BT63 5DP, BT63 5RG, BT62 1PB, BT63 5BN, BT63 5FW.
More Craigavon Services: Naturally, whenever you're in need of a bookkeeper in Craigavon, Northern Ireland, you'll probably be in need of all kinds of different services and along with a bookkeeper in Craigavon, Northern Ireland, you could also need Ecommerce assistance in Craigavon, business consulting in Craigavon, pay per click advertising in Craigavon, promotional video production in Craigavon, card processing in Craigavon, social media marketing in Craigavon, HR consulting in Craigavon, web design in Craigavon, financial advice in Craigavon, a marketing agency in Craigavon, telephone system services in Craigavon, network, database & IT support in Craigavon, telemarketing in Craigavon, EPOS in Craigavon, cloud & hosting services in Craigavon, digital marketing services in Craigavon, an accountant in Craigavon, and other different Craigavon specialists.
More Northern Ireland Bookkeepers: More Northern Ireland bookkeeping services: Ballymena, Newry, Newtownards, Belfast, Derry, Coleraine, Craigavon, Bangor, Lisburn, Carrickfergus, Castlereagh and Newtownabbey.
To find out local Craigavon information go here
Bookkeepers in BT63 area, (dialling code 028 38).
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