Bookkeepers Dover Kent (CT16): You are entirely responsible for keeping accurate, "true and fair" accounting and financial records for a minimum of 6 years, if you operate an online store, are a sole trader or run a small business in Dover, in compliance with the Companies Act (2006). You may face thousands of pounds in fines, and possibly disqualification as a Company Director, if you cannot produce this information. You could do these financial recordings on your own, yet when you consider that according to the magazine Accounting Today over forty percent of small business owners spend over eighty hours annually doing their accounts, it can be more cost-effective to use a professional bookkeeping company or accountant.
If the thought of tracking liabilities and assets, writing out ledgers, compiling balance sheets or creating profit, loss and fiscal reports brings you feelings of panic, then the time has come to get in touch with a bookkeeper in Dover for advice.
BOOKKEEPER OR ACCOUNTANT?
"Precisely what is the distinction between a bookkeeper and an accountant?" Is a question that is asked by a lot of people in Dover. In truth, because of software developments over the past decade many accountancy firms in the Dover area will undertake bookkeeping, which was previously considered to be beneath their skill set, qualifications and experience. For many accountancy firms it is now common practice to charge a fixed rate for bookkeeping services, so that they are comparable to the standard charges of a dedicated bookkeeper in Dover. Business owners in Dover are now cashing in on this, because it generates a wider range of competition within this sector and can make the cost of bookkeeping way more manageable than it would have been in the past.
The amount of qualification and training that's required is the biggest difference between a bookkeeper and an accountant. Generally holding an accounting degree, a professional accountant should also have had further training in tax matters and have qualifications in business and fiscal management. Whilst bookkeepers in Dover will definitely have an understanding of these disciplines, they may not have the qualifications or levels of training and experience in this field.
A BOOKKEEPER'S RESPONSIBILITIES
To explain in the simplest of forms, bookkeeping involves the careful recording of day by day fiscal transactions of any business or enterprise in Dover. This can include;
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Recording the receipt of invoices and making certain payment is completed punctually.
- VAT recording and submissions.
- Monthly reports and reconciliation.
- Ensuring double-entry bookkeeping and accounting practices are followed.
- Payroll services.
- The billing of clients for work completed or goods.
- Documenting of all financial incomings; including card, electronic and cash payments.
Whilst it is dependent on the extent of the service you are interested in, if you are willing to perform the majority of your own bookkeeping work, a professional bookkeeper may only be needed to periodically double-check your figures. To enable any problems or mistakes to be found and amended promptly, this should really be monthly as a bare minimum. If it's possible to stay up-to-date with your daily financial transactions and trading activities, this trade-off can sometimes be the most affordable compromise.
If you are seriously considering hiring a bookkeeping company in Dover, whatever your circumstances, there is a fair chance that you could be having problems with your tax and financial procedures. A professional bookkeeper will be able to provide assistance with everything from stocktaking, invoicing and creating expense reports, to linking your business accounts with the latest, most up-to-date software to facilitate the seamless sorting of financial data.
An especially crucial aspect of a good bookkeeper is the ability to reconcile cash flow with accounts payable. Which means that rather than paying an outstanding bill straight away, or waiting for a final notice, which most small businesses in Dover are guilty of, your bookkeeper will arrange bill payments to times when your accounts are buoyant and in good shape. This does not just keep you in good stead with suppliers and the businesses who supply services to you, but also ensures that your business is on a sound financial footing. This is just one of those balancing acts that can be challenging to accomplish when you are purely focussed on the smooth running of your everyday business activities.
Employing a certified bookkeeper in Dover, for your small business or if you are a sole trader also gives them the opportunity to cast an impartial eye over your business finances. It is quite possible that an independent evaluation like this will showcase business trends and patterns that have been missed previously. It is not unusual for a bookkeeper to identify a new opportunity or flag up an area of the business where profits are falling. It's important for powering growth in any business enterprise in Dover, to spot these key performance indicators.
It can often be uncomfortable to pursue a late payment if your company sends out invoices. Some of that awkwardness can be taken away by having a professional outside your business bubble visit your client or make that telephone call. There are legal options a bookkeeper can use, if you have a persistent late or non-payer, and these can help to clear up the issue before the situation ends up in a small claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The requirements for bookkeeping by a sole trader, as laid out by law, are fairly straightforward and easily understandable. A sole trader is expected to monitor expenditure and income on a month by month basis and retain all receipts and invoices. Even though this might at first sound easy, retaining the expertise of a bookkeeping company is still a good idea. A professional sole trader bookkeeper in Dover can advise you on what you can claim back from HMRC as legitimate business expenses. This may include advertising expenses, items such as computers, rent and bills if you work from home, stationery and consumables. For more detailed advice, talk to your local bookkeeper, and learn how they might help your business to thrive and grow in the future.
ONLINE TRADERS IN DOVER
Certain small businesses that work in niche areas, might need to retain the services of a specialised bookkeeping service. For instance, if you run a store online, you will need to employ a bookkeeper in Dover who understands online payment procedures, cross-border and international taxes, multi-currency processing and exchange rate transfers. If the same store sells goods you produce or hold, then regulating your inventory and stock on a 24/7 basis is a huge priority, as I'm sure you'll appreciate the internet does not sleep, so neither should your bookkeeping services and software.
A virtual office can also be supplied together with bookkeeping services. This can be handy in enabling an online only business or sole trader to have a postal address and telephone service to provide a physical link with their client base. If this kind of service is needed, it is definitely worth discussing, although this option won't be provided by all Dover bookkeepers.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many qualifications for the bookkeeping industry are at Diploma and Certificate level, and a qualified Dover bookkeeper need not hold a degree. Bookkeeping qualifications can be gained through further education universities and colleges but there's also an ever-increasing variety of online courses available.
There are two key certification and training organisations which represent bookkeepers:
The Association of Accounting Technicians (AAT): Entitled to use the letters AATQB after their name, a fully trained member of the Association of Accounting Technicians or AAT will have been provided with a training schedule and advanced qualifications in bookkeeping. This then allows them to become a certified AAT bookkeeper and guarantees a decent level of service which is backed up by the association. To safeguard the integrity and values of the AAT membership, a bookkeeper who is affiliated with the AAT can be liable to tribunal and disciplinary procedures if a complaint is filed against them or they are found to have broken the code of conduct.
The ICB or Institute of Certified Bookkeepers: The largest organisation of its kind in the world is the the ICB or Institute of Certified Bookkeepers, and it offers accreditation to certified bookkeepers, in addition to reference material and training to ensure their members are up-to-date with the latest trends and developments.
By going to their websites, you're able to determine the qualifications of any professional bookkeeper on the register of AAT or ICB members. Carrying out these checks is always advisable before actually retaining the services of any bookkeeper in Dover.
Bookkeeping services are available in Dover and also in nearby places like: Temple Ewell, Whitfield, Maxton, West Hougham, Shepherdswell, Farthingloe, Alkham, River, Ringwould, St Margarets at Cliffe, Capel le Ferne, Buckland, Swingate, Guston, Tower Hamlets, Church Hougham, and in these postcodes CT16 1ES, CT16 1JH, CT16 1QE, CT16 1BH, CT16 1RH, CT16 1QW, CT16 1RN, CT16 1PJ, CT16 1DQ, CT16 1QH. Locally based Dover Bookkeepers will most likely have the postcode CT16 and the telephone dialling code 01304. Verifying this can ensure that you're accessing locally based bookkeepers. Dover sole traders and business owners will be able to benefit from these and numerous other related services.
Dover Bookkeeper Tasks
Most Dover bookkeepers will be ready to offer you the following bookkeeping services: management reports, bookkeeping for startups, general bookkeeping services Dover, accountancy packages, payment services Dover, bookkeeping for retail outlets, personal tax returns Dover, payroll bookkeeping, Sage bookkeeping services, management accounts, profit & loss reports, accounting and bookkeeping, bookkeeping quotes, VAT returns, credit control, PAYE & wages Dover, professional bookkeeping services, bookkeeping for pubs, mobile bookkeeping services, cash flow analysis Dover, franchise bookkeeping Dover, bookkeeping for societies Dover, bookkeeping services for organisations, cash books, bookkeeping for the self-employed, Xero bookkeeping services, Kashflow bookkeeping services, off-site bookkeeping services Dover, and more. These are just an example of the activities that are conducted by local bookkeepers. Dover professionals will keep you informed about their full range of services. If there happen to be different Dover bookkeeper requirements that you need but don't see here, you can easily mention them on the QUOTE FORM provided. We'll get back to you with details just as soon as we can.
Bookkeepers Near Dover
Also here.: West Hougham bookkeepers, Swingate bookkeepers, River bookkeepers, Whitfield bookkeepers, Shepherdswell bookkeepers, Temple Ewell bookkeepers, Guston bookkeepers, Ringwould bookkeepers, Tower Hamlets bookkeepers, Farthingloe bookkeepers, Capel le Ferne bookkeepers, St Margarets at Cliffe bookkeepers, Buckland bookkeepers, Maxton bookkeepers, Church Hougham bookkeepers, Alkham and more. All of these villages and towns are catered for by local bookeepers. Dover traders and businesses can get quotes for bookkeeping services by going
- Dover Self-Assessment Bookkeeping
- Dover Bookkeeping Services
- Dover Tax Preparation
- Dover Small Business Bookkeeping
- Dover PAYE and Wages
- Dover VAT Returns
- Dover Accountancy Packages
- Dover Sole Trader Bookkeeping
- Dover Profit and Loss Reporting
- Dover Cash Flow Analysis
- Dover Payroll Services
- Dover Tax Returns
- Dover Bookkeeping Quotes
- Dover Credit Control
Bookkeepers Around Dover: People living in these areas and streets have recently enquired about bookkeeping services - Alexandra Place, Downs Road, Broadacre, St Giles Close, De Burgh Hill, Cowper Road, Brookfield Place, Athol Terrace, The Mall, Dunkirk Square, Chaucer Road, Badgers Rise, Stonehall, Shepherdswell Road, The Close, Byron Crescent, St Alphege Road, Satmore Lane, Tangier Close, Thanet View, Camden Crescent, Tower Hill, Burgoyne Grove, Toronto Close, St Martins Close, Sweetbriar Lane, Canterbury Road, The Drove, The Acre, as well as these Dover area postcodes: CT16 1ES, CT16 1JH, CT16 1QE, CT16 1BH, CT16 1RH, CT16 1QW, CT16 1RN, CT16 1PJ, CT16 1DQ, CT16 1QH.
Dover Bookkeeping Jobs: Find bookkeeping jobs near Dover here: Dover Bookkeeping Jobs
Dover: Essential Dover information and facts can be seen here
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Bookkeepers in CT16 area, telephone code 01304.
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