Bookkeepers Eastbourne East Sussex (BN20): Regardless of whether you own a small business, run an online store or are a sole trader in Eastbourne, you're entirely responsible for keeping accurate, "true and fair" financial and accounting records for at least six years in compliance with the 2006 Companies Act. Failure to produce such detailed records may leave you faced with a hefty fine and possible disqualification as a Company Director. According to Accounting Today over forty percent of small businesses spend eighty hours plus annually doing their bookkeeping duties, so whilst you can perform these financial records on your own behalf, it can pay to employ a professional accountant or bookkeeping company to do them for you.
If you are filled with terror just thinking about the possiblility of filling out ledgers, compiling balance sheets, preparing profit, loss and fiscal reports or tracking liabilities and assets, then the time to get in touch with a bookkeeper in Eastbourne for help and advice has arrived.
BOOKKEEPER OR ACCOUNTANT?
Exactly what is the distinction between a bookkeeper and an accountant is the first question that springs to mind for many small business owners in Eastbourne. The reality is that whilst in the past the process of bookkeeping, was looked at as beneath the qualifications, skill set and experience of an accountant, due to software improvements over the past decade, a lot of accountancy firms in the Eastbourne area will now take on bookkeeping tasks. For many accountancy companies it's now common practice to charge a set rate for bookkeeping services, to keep them commensurate with the usual charges of an independent bookkeeper in Eastbourne. This is excellent news for business owners as it offers a wider range of competition within this sector and can make the cost of your bookkeeping cheaper than previously imagined.
The biggest difference of an accountant over a bookkeeper is the standard of qualification and training required. An accountant will typically a least hold an accounting degree with specialist training in taxation and other business and financial management. A bookkeeper in Eastbourne might not hold the qualifications or levels of experience and training, but will still have a decent understanding of these fiscal procedures.
A BOOKKEEPER'S RESPONSIBILITIES
In the simplest of terms, the bookkeeping process involves the logging of day by day transactions of any business in Eastbourne. This will likely include, but is in no way limited to;
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Payroll services.
- Making sure that accounting and double-entry bookkeeping practices are followed at all times.
- Monthly reconciliation and reports.
- Billing of clients for goods or work completed.
- Documenting of all financial incomings; including cash, electronic and card payments.
- VAT submissions and recording.
- Documenting invoices received and making sure that payment is completed promptly.
Subject to the level of service you require, a bookkeeper might just be needed to double check your accounts on a set schedule, if you are willing to undertake a large majority of the bookkeeping work yourself. To allow for any mistakes or problems to be detected and amended promptly, this really needs to be done on a monthly basis as a bare minimum. As long as you are confident of keeping up-to-date with your financial transactions without having a negative impact on your day by day trading activities, this option can be the most economical solution.
Whatever the circumstances are with your business, if you're currently thinking of hiring a bookkeeper in Eastbourne, there is a fair chance that you may be struggling with the process of recording your financial details. A decent bookkeeping company will be able to offer guidance and advice on everything from invoicing, producing expense reports and stocktaking, to linking the latest software with your accounts to enable the seamless pull-through of financial data.
The correct reconciliation of accounts payable with cash flow is one of the most important aspects of good bookkeeping practice. This means that rather than waiting for a final notice, which many small businesses in Eastbourne are guilty of at some time or other, or paying off a bill right away, your bookkeeper will schedule the payment of bills to a time when your finances are in the best possible position. This is not just to ensure that your business is on a secure financial footing at all times, but also to keep you in good stead with those businesses who supply you with materials or services. This is one of those balancing acts that can be tricky to perform when you're mainly focussed on the smooth running of your daily business activities.
For your small business, or if you are a sole trader, using a professional bookkeeper in Eastbourne, gives you the opportunity to have an unrelated eye cast over your business. It's entirely possible that an independent evaluation such as this will showcase business patterns and trends that you haven't previously noticed. A situation where a clever bookkeeper flags up an area of the business where profits are dropping, or identifies a new opportunity which could be lucrative, is by no means an unusual occurrence. These KPI's (key performance indicators) are essential in driving growth for any enterprise in Eastbourne.
Pursuing late payments can be an embarrassing situation for you, if you give out invoices as part of your business operations. Having someone outside your business situation, can take the embarrassment away from visiting your clients or making that telephone call. If you've got a persistent late payer there are legal options a professional bookkeeper can use to help to clear up the situation before the matter ends up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal bookkeeping requirements for sole traders, are comparatively straightforward and basic. A sole trader is expected to track expenditure and income on a month by month basis and keep all receipts and invoices. Whilst this might sound simple it is still a wise move to retain the expertise of a bookkeeping company. When working through your tax returns, a professional sole trader bookkeeper in Eastbourne can advise you on what your legitimate business expenses are, and claim these back from HMRC every year. This could include consumables, stationery goods, items such as laptops, advertising and bills and rent if working from home. To discover how to help your business grow, talk to your bookkeeper for more detailed guidance and advice.
BOOKKEEPING FOR ONLINE TRADERS
Some businesses that operate in niche areas, may need to use a specialist bookkeeping service. As an example, if you run an online store, you will want to employ a bookkeeper in Eastbourne who's familiar with exchange rate transfers, international and cross-border taxes, multi-currency processing and online payment procedures. Supervising stock on a 24 hours a day basis is also a major concern, if that same shop distributes goods that you hold or produce, as I'm sure you'll be aware the internet doesn't sleep, so neither should your bookkeeping services and software.
Together with bookkeeping service, it is also possible to supply a virtual office. This enables an online only business or sole trader to offer a physical connection to their buyers, via a postal address and telephone service. It's worth discussing this possibility if it is something that could be of benefit, although not all bookkeeping companies in Eastbourne will provide this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the qualifications in the field of bookkeeping are at Diploma and Certificate level, and a professional Eastbourne bookkeeper needn't hold a degree. Although there are an ever-growing choice of bookkeeping courses available online, qualifications can still be gained via further education universities and colleges, if that's the chosen route.
Representing bookkeepers, there are 2 primary certification and training organisations:
The AAT (Association of Accounting Technicians): Providing advanced qualifications and a training schedule, the AAT (Association of Accounting Technicians), allows fully trained bookkeepers to use the letters AATQB after their name. This promises a minimum level of service to their customers which is backed by the organisation, and allows them to become a certified AAT bookkeeper. To safeguard the integrity of the AAT, if a bookkeeper who's affiliated with the AAT has a complaint against them or is found to have contravened the code of conduct they can be liable to disciplinary and tribunal procedures.
The Institute of Certified Bookkeepers or ICB: The largest organisation anywhere in the world is the the Institute of Certified Bookkeepers or ICB, and it offers certification for qualified bookkeepers, along with reference material and training to ensure their members are informed about the latest trends.
By visiting the register of AAT or ICB members on their websites, it is possible to check the accreditations of any bookkeeper in Eastbourne. Prior to hiring the services of any bookkeeping company in Eastbourne, it is always a wise idea to complete these necessary checks.
Bookkeeping services are available for people living in in Eastbourne and also nearby in: Foulride Green, St Anthonys Hill, Pevensey Bay, Old Town, Holywell, Wannock, Willingdon, Langney, Friday Street, Polegate, Hampden Park, Filching, Roselands, Ratton, as well as in these postcodes BN20 7NP, BN20 7HG, BN20 7RB, BN20 0LH, BN20 7LR, BN20 7HX, BN20 7QW, BN20 7LS, BN20 7RF, BN20 7LT. Local Eastbourne Bookkeepers will probably have the postcode BN20 and the dialling code 01323. Checking this out will ensure you access local bookkeepers. Eastbourne sole traders and business owners will be able to benefit from these and countless other similar services.
East Sussex Bookkeeping Enquiries
Current East Sussex bookkeeping enquiries: Nel Spence from Sedlescombe was enquiring about a bookkeeper to do her Self-Assessment tax returns. Grayson Lake in Horam was trying to find bookkeeping for his reading club. Alessandro Norman in Framfield, East Sussex was enquiring about bookkeeping for his basketball club. Ajay Weeks from Catsfield was looking for bookkeeping for his bar. Niam Snow from Hollington, East Sussex was looking for a bookkeeper for his sports shop. Charley Curtis wanted a bookkeeper for her letting business close to Newhaven. Kate Frazer in Mayfield was enquiring about a bookkeeper for her diner. Eryn Rudd from Sedlescombe, East Sussex was asking about bookkeeping services for her clothing company. All of these local people searched for "Bookkeepers East Sussex" and came across this page on Yahoo, Google or Bing.
Bookkeeper East Sussex
In East Sussex you'll also find: Ewhurst bookkeeping services, Camber bookkeeper, Danehill bookkeeping accountants, Ticehurst bookkeeper, Battle bookkeepers, Sedlescombe bookkeeping services, Framfield bookkeeping services, Telscombe bookkeeping services, Westham bookkeeper, Uckfield bookkeeping. In every part of the East Sussex region it should be possible to find bookkeepers who'll offer quality services for your security needs. If you can't find the ideal in Eastbourne itself you will no doubt be able to find a good one near at hand., North Chailey bookkeepers, Pevensey Bay bookkeepers, Hollington accounts services, Ringmer bookkeeping services, Telscombe , Uckfield bookkeeper, Five Ashes bookkeeping accountants, Salehurst bookkeeping services, Woodingdean bookkeeping accountants, Plumpton , South Chailey bookkeeper, Flimwell bookkeepers, Five Ashes bookkeepers, Westfield bookkeeper, Catsfield , Guestling bookkeeping accountants, Battle bookkeeping accountants, Maresfield bookkeeper, Frant bookkeeping, Peacehaven
Eastbourne Bookkeeper Tasks
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Bookkeepers Near Eastbourne
Also here.: Ratton bookkeepers, Holywell bookkeepers, Friday Street bookkeepers, Willingdon bookkeepers, Wannock bookkeepers, Hampden Park bookkeepers, Old Town bookkeepers, Langney bookkeepers, Filching bookkeepers, Roselands bookkeepers, Foulride Green bookkeepers, St Anthonys Hill bookkeepers, Pevensey Bay bookkeepers, Polegate and more. The majority of these places are served by local bookeepers. Eastbourne residents can get fees for bookkeeping services by clicking
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Bookkeepers Around Eastbourne: People living in the following Eastbourne roads and streets have recently enquired about bookkeeping services - Compton Place Road, Tamarack Close, Southdown Avenue, Catsfield Close, Crowlink, Brampton Villas, Calverley Walk, Coniston Road, Crunden Road, St Leonards Road, Sydney Road, The Triangle, Connaught Road, Chichester Close, Summerdown Close, Dean Wood Close, The Dene, The Rising, The Goffs, Chesterfield Road, Castle Bolton, Cairngorm Close, Canute Close, St Davids Close, Beltring Road, Station Street, South Street, Salvador Close, Selmeston Road, Astaire Avenue, as well as these local Eastbourne postcodes: BN20 7NP, BN20 7HG, BN20 7RB, BN20 0LH, BN20 7LR, BN20 7HX, BN20 7QW, BN20 7LS, BN20 7RF, BN20 7LT.
More East Sussex Bookkeepers: More Brighton, Ringmer, Bexhill-on-Sea, Polegate, Eastbourne, Telscombe, Heathfield, Portslade, Hailsham, Westham, Lewes, Peacehaven, Willingdon, Newhaven, Seaford, Wadhurst, Hastings, Uckfield, Crowborough, Ore, Hove, Battle, Forest Row and Rye.:
Bookkeeping Jobs Eastbourne: Get bookkeeping jobs in Eastbourne by clicking here: Eastbourne Bookkeeping Jobs
If you're interested in local Eastbourne info go here
Bookkeepers in BN20 area, (dialling code 01323).
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