Bookkeepers East Malling Kent (ME19): To comply with the Companies Act (2006), if you run a small business, are a sole trader or operate an online store in East Malling, you are responsible for keeping "true and fair", accurate financial and accounting records for at least 6 yrs. If you're unable to produce these records you may face a fine of thousands of pounds and possible Company Director disqualification. According to the magazine Accounting Today over 40% of small business owners spend over 80 hours every year on their bookkeeping activities, so whilst you can carry out these financial recordings yourself, it can pay you to employ a professional accountant or bookkeeper to do them instead.
It's high time to contact a bookkeeper in East Malling for advice and guidance, if the idea of creating profit, loss and financial statements, producing balance sheets, tracking liabilities and assets or writing ledgers fills you with a sense of terror.
BOOKKEEPER OR ACCOUNTANT?
"What is the distinction between an accountant and a bookkeeper?" Is a question that's asked by a lot of people in East Malling. The fact is that although at one time the process of bookkeeping, was considered to be beneath the experience, qualifications and skill set of an accountant, because of significant improvements in software over the past ten years, most accountancy companies in East Malling will now undertake bookkeeping tasks. To keep their bookkeeping services in line with a typical bookkeeper's fee, it's now quite common for many accountancy companies to have a flat rate for these services. This makes the cost of bookkeeping more manageable than it previously was, and is great news for business owners in East Malling since it offers a broader range of competition within the marketplace.
It is basically the amount of qualification and training that is necessary for each discipline, that indicates the big difference between an accountant and a bookkeeper in East Malling. At least a degree in accounting with specialist training in the field of taxation and other financial and business management, will generally be held by an accountant. A bookkeeper in East Malling might not hold the qualifications or levels of experience and training, but should still have a really good understanding of such disciplines.
A BOOKKEEPER'S RESPONSIBILITIES
The bookkeeping process put in the simplest of terms, is to record the day by day transactions (financial) of any enterprise or business in East Malling. This can include, but isn't limited to;
- Payroll services.
- VAT submissions and recording.
- Billing of customers for work completed or goods.
- Ensuring double-entry bookkeeping and accounting practices are followed at all times.
- Recording invoices received and ensuring payment is completed on time.
- Monthly reports and reconciliation.
- Highlighting and rectifying any discrepancies in financial accounts.
- Logging of all financial incomings; electronic, card and cash payments included.
Based upon service level you're looking for, e.g. you're able to carry out the larger part of your bookkeeping work; a bookkeeper might just be needed to double check your accounts every once in a while. To allow for any problems or mistakes to be found and rectified quickly, this needs to be monthly as a bare minimum. As long as you're confident of keeping on top of your monetary transactions without having a negative impact on your everyday business operations, this option can be an extremely cost-effective trade-off.
If you are seriously looking to hire a bookkeeping company in East Malling, whatever your situation, it is a good bet that you may be fretting over your tax and financial procedures. To facilitate the seamless arrangement of financial data, a decent bookkeeping company will help you to link the most up-to-date computer software to your accounts, and will offer assistance with things like creating expense reports, stocktaking and invoicing.
The ability to reconcile cash flow with accounts payable, is an especially crucial aspect of good bookkeeping. Which means that by organising bill payments to a time when your accounts are buoyant and in good order, your bookkeeper will avoid the thing that a lot of small businesses are guilty of at some time or other i.e. paying a bill straight away, or waiting on an overdue notice. This is not just to make certain that your enterprise or business is financially sound at all times, but also to keep you in good stead with those businesses who supply your services or materials. When you are mainly focussed on the smooth running of your business, this is a balancing act that can be difficult to perform as an individual.
For your small business enterprise, or if you are a sole trader, using a professional bookkeeper in East Malling, presents you with the chance to have an impartial eye cast over your financies. Business trends and patterns that might have otherwise gone unnoticed might be highlighted by this type of unbiased assessment. A bookkeeper recognising a new opportunity or noticing an area which is falling in profits, is not at all unheard of. Spotting these key performance indicators is essential for the success and growth of any small business in East Malling.
It can sometimes be awkward to pursue late payments if your business gives out invoices. Having an individual outside your normal business situation, can take the embarrassment out of visiting your client or making that telephone call. A professional bookkeeper can use legal methods to take care of a consistent late or non-payer, and without the need for a claims court proceeding, help to clear up the situation.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you're a sole trader, are fairly straightforward and simple. Sole traders are required to monitor income and expenditure on a month by month basis and retain all invoices and receipts. Whilst this may at first sound simple it is still recommended that you hire the expert services of a competent bookkeeper. When dealing with your Self-Assessment tax returns, a specialist sole trader bookkeeper in East Malling will be able to give you advice on what your legitimate business expenses are, and claim these back from HMRC. This may include stationery goods, advertising expenses, bills and rent if working from home, items such as laptops and printer ink. If you would like to get more detailed advice, and see how your small business can grow and develop going forward, speak to your bookkeeper.
BOOKKEEPING FOR ONLINE TRADERS IN EAST MALLING
There are certain niche areas in bookkeeping where a specialist may be required. You're going to require a bookkeeper in East Malling who's familiar with online payment procedures, multi-currency processing, exchange rate transfers and cross-border and international taxes, if you manage a store online for instance. Regulating your stock on a 24/7 basis is also an important concern, if that same shop distributes goods that you produce or hold, as I'm sure you are aware the internet never sleeps, therefore nor should your bookkeeping software or services.
A remote virtual office can also be supplied in conjunction with bookkeeping service. This allows an online only business or sole trader to provide a physical connection to their customers, via a postal address and phone service. If this sort of service could be helpful, it is certainly worth discussing, although this option will not be offered by all bookkeeping businesses in East Malling.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A professional East Malling bookkeeper does not need to hold a university degree and many qualifications in this field are at Certificate or Diploma level. There is an ever-growing choice of online courses available, although bookkeeping qualifications can still be gained through further education universities and colleges.
There are basically two key organisations that provide certification and training for bookkeepers:
The Institute of Certified Bookkeepers or ICB: Keeping their members up-to-date with the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest organisation on the planet, providing accreditation to qualified bookkeepers, along with reference material and training.
The AAT (Association of Accounting Technicians): Entitled to use the letters AATQB, a fully trained member of the AAT (Association of Accounting Technicians) will have undergone advanced qualifications and a training schedule in bookkeeping. They're then allowed to become accredited AAT bookkeepers, which promises their customers a decent standard of service which is backed by the association. AAT bookkeepers can can be subject to tribunal and disciplinary procedures if a complaint is made against them or they are found to have contravened the code of conduct. This helps to preserve the values and integrity of the AAT membership.
By viewing the register of ICB or ATT members on their respective websites, you can check out the qualifications of any East Malling bookkeeper. Implementing this check is highly recommended before you use the services of any local bookkeeper in East Malling.
Bookkeeping services are available in East Malling and also nearby in: Quarry Wood, Offham, Barming, Addington, Aylesford, Teston, Larkfield, Mereworth, Maidstone, Wateringbury, West Malling, Kings Hill, Wrotham Heath, Ditton, Birling, Ryarsh, together with these postcodes ME19 6DJ, ME19 6ED, ME19 6FY, ME19 6SB, ME19 6FZ, ME19 6SE, ME19 6EW, ME19 6AG, ME19 6HB, ME19 6DD. Locally based East Malling bookkeeper services will probably have the telephone dialling code 01732 and the postcode ME19. Checking this out will confirm that you access local bookkeepers. East Malling sole traders and business owners can benefit from these and various other similar services.
East Malling Bookkeeper Tasks
Most bookkeepers in East Malling will be able to provide you with the following accounting and bookkeeping services: professional bookkeeping services, general bookkeeping services, bookkeeping services for small businesses, double-entry bookkeeping East Malling, bookkeeping services for charities, bookkeeping for organisations, bookkeeping for clubs, bookkeeping services for startups, bookkeeping for payroll East Malling, tax returns East Malling, PAYE & wages in East Malling, independent bookkeeping services, Quickbook bookkeeping services in East Malling, payment services East Malling, bookkeeping quotations, bookkeeping for freelancers, credit control, cheap bookkeeping services, small business bookkeeping, bookkeeping services for tradesmen, personal tax returns East Malling, bookkeeping for self-employed people East Malling, bookkeeping for retail outlets, cash flow analysis, profit & loss reports, bank reconciliations, bookkeeping services for shops, accounting and bookkeeping services in East Malling, and more. These are just a few of the duties that are performed by local bookkeepers. East Malling professionals will inform you of their whole range of bookkeeping services. If there happen to be other East Malling bookkeeper requirements that you need but can't see here, you can mention them on the QUOTE FORM provided. We'll be in touch with specifics as soon as we can.
East Malling Bookkeeper Questions
In the past month or so I have been going over the popular questions that folks in East Malling ask regarding bookkeeping. Several of our visitors have submitted insightful enquiries that might be applicable to this blog post. Those that I singled out were, What qualifactions are needed to be a bookkeeper? Who can be a bookkeeper? Where can I hire a bookkeeper in East Malling? Do bookkeepers do income statements? Should a bookkeeper have insurance? Should I use a bookkeeper or an accountant? Why do you need a bookkeeper? What are the advantages of an accountant over a bookkeeper? How much should bookkeeping cost? The vast majority of these queries hopefully have been answered on this webpage, and if some remain unanswered we will be adding a bookkeeping "Q&A" feature shortly. My appreciation goes out to Ted Collins, Dennis Fox, Cain Stephens and Maya Whittaker from East Malling, for taking the trouble to raise these excellent questions. It was also awesome to receive offerings from Charlotte Godfrey in Barming, Oscar Miah in Ryarsh and Natalie Johns in Quarry Wood.
Bookkeepers Near East Malling
Also here.: Wateringbury bookkeepers, Wrotham Heath bookkeepers, Quarry Wood bookkeepers, Barming bookkeepers, Larkfield bookkeepers, Offham bookkeepers, Ditton bookkeepers, Maidstone bookkeepers, Kings Hill bookkeepers, Aylesford bookkeepers, Birling bookkeepers, West Malling bookkeepers, Mereworth bookkeepers, Addington bookkeepers, Ryarsh bookkeepers, Teston and more. Most of these locations are catered for by local bookeepers. East Malling traders and businesses can get quotes for bookkeeping services by going
- East Malling Self-Assessment Bookkeeping
- East Malling Tax Preparation
- East Malling Payroll Services
- East Malling Tax Returns
- East Malling Wages PAYE and CIS
- East Malling Double-Entry Bookkeeping
- East Malling Cheap Bookkeeping
- East Malling Bookkeeping Services
- East Malling Bookkeeping Estimates
- East Malling VAT Returns
- East Malling Small Business Bookkeeping
- East Malling Sole Trader Bookkeeping
- East Malling Credit Control
- East Malling Bank Reconciliations
Bookkeepers Around East Malling: People who live in these East Malling roads and areas have recently enquired about bookkeeping services - Magpie Close, Brookfield Avenue, Wren Close, Cottenham Close, Dickens Drive, Westmead, Austen Way, Chapel Street, Malling Road, The Heath, Martin Square, The Ferns, Stevenson Way, Carp Close, Papyrus Way, Busbridge Close, Lavender Close, High Street, Shaftesbury Close, Cobbett Close, Broadwater Road, Marsh Way, Masefield Road, Gighill Road, Castle Way, Jerome Road, Blacklands Drive, as well as these East Malling area postcodes: ME19 6DJ, ME19 6ED, ME19 6FY, ME19 6SB, ME19 6FZ, ME19 6SE, ME19 6EW, ME19 6AG, ME19 6HB, ME19 6DD.
East Malling Bookkeeping Jobs: Get bookkeeping jobs in East Malling here: Bookkeeping Jobs East Malling
More Kent Bookkeepers: More Staplehurst, Aylesford, Meopham, Whitstable, Kingsnorth, Sheerness, Biggin Hill, Tonbridge, Lydd, Birchington-on-Sea, Broadstairs, Sevenoaks, Cranbrook, Canterbury, Gravesend, Swanscombe, Sittingbourne, Westerham, Rochester, East Malling, Southborough, West Kingsdown, Dover, Westgate-on-Sea, Snodland, Bearsted, Edenbridge, Minster, Tenterden, Dartford, Herne Bay, Tunbridge Wells, Sturry, Ashford, Chatham, Strood, Ramsgate, Northfleet, Swanley, Boxley, Sandwich, New Romney, Hartley, Wilmington, Margate, Faversham, Walmer, Gillingham, Pembury, Folkestone, Maidstone, Deal and Paddock Wood.:
If you want local info regarding East Malling, Kent go here
Bookkeepers in ME19 area, telephone code 01732.
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