Bookkeepers Dover Kent (CT16): For any individual in Dover who acts as a sole trader, runs an online store or operates a small business, it's their sole responsibility to maintain "true and fair", accurate accounting and financial records for a minimum of 6 years. This is laid out by the 2006 Companies Act. Failing to produce such detailed records could leave you facing disqualification as a Company Director, as well as thousands of pounds in fines. According to Accounting Today magazine over 40% of small businesses spend at least 80 hours every year on their accounts, therefore while you can accomplish these financial records on your own, it can be more economical to employ a professional accountant or bookkeeper to do them instead.
If you're filled with panic merely thinking about writing out ledgers, tracking liabilities and assets, compiling balance sheets or preparing profit, loss and financial statements, then the time to get in touch with a bookkeeper in Dover for help and advice has arrived.
BOOKKEEPER OR ACCOUNTANT?
For many business owners in Dover, an obvious question when faced with this dilemma is "Precisely what is the difference between a bookkeeper and an accountant?" While in past times a lot of accountants considered the task of bookkeeping to be beneath their skill set, experience and qualifications, a lot of accountancy companies in Dover will now undertake the task of bookkeeping, due to software improvements over the past decade or so. To make sure their bookkeeping services are in line with a dedicated bookkeeper's fee, it's now quite common for many accounting firms to charge a set rate for these services. Business owners in Dover are now cashing in on this, since it provides a wider range of competition within this sector and can make the cost of bookkeeping way more manageable than it would have been previously.
The standard of qualification and training required is the main difference between an accountant and a bookkeeper. An accountant will, at the minimum, hold a degree in accounting, and will have also had further training in business and financial management, and taxes. Whilst likely not holding the same financial qualifications, or having this level of training and experience, a bookkeeper in Dover will definitely have a decent understanding of all such procedures.
A BOOKKEEPER'S RESPONSIBILITIES
To explain in the simplest of forms, bookkeeping involves the careful recording of day by day transactions of any business enterprise in Dover. This will include;
- Monthly reconciliations and reporting.
- Making sure that double-entry bookkeeping and accounting practices are followed.
- Recording of all financial incomings; cash, card and electronic payments included.
- Highlighting any discrepancies in financial accounts and rectifying them.
- Payroll services.
- The billing of customers for goods or work completed.
- VAT recording and submissions.
- Recording the receipt of invoices and ensuring payment is completed punctually.
If you are prepared to carry out a large majority of your bookkeeping work yourself; a bookkeeper might only be needed to double check your accounts on a fixed schedule. This should really be every month at the bare minimum, as this will allow any problems or mistakes to be identified and rectified promptly. This compromise can often be the most affordable solution if it is possible to stay on top of your daily financial transactions and trading operations.
Whatever the scenario is with your company or business, if you are seriously thinking of hiring a bookkeeping service in Dover, there is a fair chance that you could be getting stressed about the process of financial recording and tax returns. To enable the seamless arrangement of financial data, a decent bookkeeping service will help you link the most up-to-date software program to your accounts, and will provide advice and guidance on things like invoicing, stocktaking and producing expense reports.
An especially important aspect of effective bookkeeping is the ability to reconcile accounts payable with cash flow. Which means that your bookkeeper will schedule bill payments to a time when your accounts are buoyant, instead of paying an outstanding bill straight away, or waiting for an overdue notice, which a lot of small businesses in Dover are guilty of at some time or other. This isn't merely to make certain that your business or enterprise is on a good financial footing at all times, but also to keep you in the good books of the businesses who supply your services or materials. When you are mainly focussed on the operation of your company, this is a juggling act that you may find tricky to accomplish as an individual.
For your small business, or if you are a sole trader, using an experienced bookkeeper in Dover, gives you the opportunity to have an eagle eye cast over your financies. It might be that business trends and patterns that might have gone unnoticed will thus be highlighted. It's by no means unheard of for a clever bookkeeper to flag an area of the business which is dropping off in profits, or spot an opportunity which may prove worthwhile. For the growth of any business in Dover, it is vital that such KPI's (key performance indicators) are spotted as early as possible.
Having to chase up a late payment can be a fairly uncomfortable situation for you, if you give out invoices in your business operations. Having a professional outside your normal business situation, can take away the embarrassment of visiting your clients or making that phone call. A bookkeeper can use legal options to handle a consistent late payer, and without having to resort to claims court proceedings, help to resolve the matter.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The bookkeeping requirements for a sole trader, as laid out by law, are relatively uncomplicated and easy to understand. A sole trader is expected to track income and expenditure on a monthly basis and retain all receipts and invoices. Now, this does not sound too difficult does it? However, it is still a wise move to hire the services of a competent bookkeeper to ensure that it is all done properly. A specialist sole trader bookkeeper in Dover will be able to advise you on what you're able to claim back from HMRC as business expenses. This may include printer ink, items such as computers, stationery, bills and rent if working from home and advertising. To see how to help your small business to grow, speak to a trusted bookkeeper for more detailed advice and guidance.
BOOKKEEPING FOR ONLINE TRADERS IN DOVER
Specialisedare sometimes necessary for certain niches in bookkeeping. You'll require a bookkeeper in Dover who is familiar with cross-border and international taxes, exchange rate transfers, multi-currency processing and online payment procedures, if you run a store online for instance. Given that the internet never sleeps, if the same shop sells goods that you hold or produce then monitoring your stock on a 24 hours a day basis is an important concern which will need to be managed.
Together with bookkeeping service, a virtual office can also be provided. This enables an online only business or sole trader to provide a physical link with their clients, via a postal address and telephone service. Not all bookkeepers in Dover will be willing to provide this service, however it's worth discussing if it is something that could benefit you.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A certified bookkeeper in Dover needn't have a degree and a good many qualifications for the industry are at Diploma and Certificate level. If the chosen route to qualification is through further education universities and colleges, this option is still available, whereas there there's an ever-increasing variety of online bookkeeping courses.
There are 2 key certification and training organisations representing bookkeepers:
The AAT (Association of Accounting Technicians): With certified bookkeepers entitled to use the letters AATQB, the Association of Accounting Technicians or AAT provides advanced qualifications and training. They are then entitled to become certified AAT bookkeepers, which guarantees their clients a minimum standard of service which is backed up by the association. AAT bookkeepers can can be subject to tribunal and disciplinary processes if they have a complaint filed against them or are found to have breached the code of practice. This helps to safeguard the trustworthiness of the AAT membership.
The Institute of Certified Bookkeepers or ICB: The ICB or Institute of Certified Bookkeepers is the largest bookkeeping organisation in the world and offers certification for qualified bookkeepers, in addition to training and reference material to keep their associated members up-to-date with the latest trends and developments.
By visiting their respective websites, you can determine the accreditations of any bookkeeper in Dover on the register of ICB or AAT members. Implementing this check is widely recommended before hiring the services of any bookkeeper in Dover.
Bookkeeping services are available in Dover and also in: St Margarets at Cliffe, Alkham, West Hougham, Maxton, Tower Hamlets, Buckland, Ringwould, Shepherdswell, Swingate, Capel le Ferne, River, Church Hougham, Farthingloe, Guston, Temple Ewell, and in these postcodes CT16 1LG, CT16 1NB, CT16 1RF, CT16 1BU, CT16 1QE, CT16 1BS, CT16 1SA, CT16 1RU, CT16 1HS, CT16 1RD. Local Dover bookkeeper services will most likely have the telephone code 01304 and the postcode CT16. Verifying this will guarantee that you access locally based bookkeepers. Dover sole traders and business owners will be able to utilise these and various other bookkeeping related services.
Outsourced Bookkeeping Dover
All businesses in Dover should understand the significance of bookkeeping. It helps business people monitor the total value of their liabilities and assets, the money left in the bank, their incomings and outgoings, and more. With the owner of the business having to deal with the concerns and issues of running a business, the task of carrying out the bookkeeping is often outsourced to a bookkeeping company or freelance bookkeepers in Dover.
If a company in Dover employs a bookkeeper in order to become an employee, the company will need to fork out a substantial sum of money in training that individual for the purpose of working on the bookkeeping duties. On top of that, there is no guarantee that the person will stay for long in the company. In circumstances like that, the company will have thrown away a considerable amount of money for very little return. As well as that, businesses will have to seek out solutions to provide incentives and benefits to keep the employee in place. These are just a handful of the reasons behind businesses enlisting the services of bookkeeping companies and professional bookkeepers in Dover.
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 Dover. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Dover bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.
The business owner in Dover 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 Dover should have a well protected system that can be relied on and trusted.
Franchise bookkeeping Dover.
Dover Bookkeeper Questions
Only yesterday I was looking at the most common questions that people in Dover ask in relation to bookkeepers. A number of you have posted some insightful queries that are worthy of mentioning here. The ones I picked are, What do bookkeeping services include? Does bookkeeping require a degree? What are the advantages of a bookkeeper? Who would a bookkeeper work with? Which is double entry bookkeeping? Which bookkeeper certification is best? How is bookkeeping differentiated to accounting? Why do I need a bookkeeper? How much do bookkeepers charge? The vast majority of these enquiries will have hopefully been addressed in the preceding paragraphs, if there are any left to be answered a bookkeeping "Q&A" section is something we'll be introducing very soon. Our thanks go out to these people in Dover for taking time out to present their questions; Rayan Evans, Stephen Rose, Jai Blake and Clara Wall. Appropriate queries were likewise received from Melody Hilton in Swingate, Jayce Thorne in Guston and Kaitlyn Lister in Temple Ewell.
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Kent Bookkeeping Enquiries
Current Kent bookkeeping enquiries: Justin Dickinson from Rolvenden, Kent asked the question "are there any trustworthy?". Brogan Mcdonagh in Patrixbourne was asking about bookkeeping services for his football club. Avani Garner from Elham was interested in bookkeeping services for her netball club. Mason Tilley in Dunkirk, Kent was trying to find a bookkeeper for his carpentry business. Yasir Wallis from Singleton, Kent was asking about bookkeeping for his building company. Nyah Heather in Borden was trying to find bookkeeping services for her internet sales business. Ace Abbas wanted for his online marketing business in Chartham. Fatimah Whitehead was looking for a bookkeeper for her letting agency in Newington. These local customers conducted a search for "Bookkeepers Kent" and came across this webpage on either Google, Yahoo or Bing.
Dover Bookkeeper Tasks
Most Dover bookkeepers will be able to provide you with the following bookkeeping services: bookkeeping services for retail outlets, bookkeeping for pubs, Self-Assessment tax returns, bookkeeping services for freelancers, business bookkeeping Dover, management reports, cash flow analysis in Dover, tax return preparation, independent bookkeeping services in Dover, bookkeeping for self-employed people, letting agent bookkeeping Dover, bookkeeping for societies, bookkeeping services for organisations, off-site bookkeeping, Sage bookkeeping services, VAT returns, QUOTE FORM provided. We will be in touch with details as soon as we are able.in Dover, professional bookkeeping services, bookkeeping services for startups in Dover, cash books, tax returns, bookkeeping for shops, payment services, landlord bookkeeping Dover, , maintaining fixed asset registers, accountancy packages, bookkeeping for tradesmen, and more. These are just a selection of the activities that are performed by local bookkeepers. Dover professionals will inform you of their whole range of bookkeeping services. If there are some other Dover bookkeeper requirements that you need but cannot see here, you should list them on the
Bookkeepers Near Dover
Also here.: West Hougham bookkeepers, River bookkeepers, Capel le Ferne bookkeepers, Church Hougham bookkeepers, Ringwould bookkeepers, Swingate bookkeepers, Shepherdswell bookkeepers, Buckland bookkeepers, Farthingloe bookkeepers, Temple Ewell bookkeepers, Maxton bookkeepers, Tower Hamlets bookkeepers, Guston bookkeepers, St Margarets at Cliffe bookkeepers, Alkham and more. The majority of these areas are covered by local bookeepers. Dover businesses and traders can get pricing for bookkeeping services by going
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Bookkeepers Around Dover: People living in these roads have just recently inquired about bookkeeping services - Dunedin Drive, Cranleigh Drive, Ashley Terrace, Durham Hill, Archcliffe Road, Dove Lea Gardens, Chapel Hill, The Droveway, Cleveland Close, Cypress Grove, The Freedown, Downside, Alfred Road, The Mall, Astley Court, The Close, Taswell Close, Beechwood Close, Chilton Way, Bramley Gardens, The Grange, Church Whitfield Road, Crooks Court Lane, St Lawrence Terrace, Alison Crescent, Carlsden Close, Droveway Gardens, Convent Close, Chapel Lane, Brunswick Gardens, as well as these local Dover postcodes: CT16 1LG, CT16 1NB, CT16 1RF, CT16 1BU, CT16 1QE, CT16 1BS, CT16 1SA, CT16 1RU, CT16 1HS, CT16 1RD.
Bookkeeping Jobs Dover: Browse bookkeeping jobs in Dover by clicking here: Dover Bookkeeping Jobs
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Dover Kent: Information about Dover, Kent can be seen here
Bookkeepers in CT16 area, 01304.
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