Bookkeepers Exeter

Exeter Bookkeeping Services

Bookkeepers Exeter Devon (EX1): You are entirely responsible for maintaining "true and fair", accurate accounting and financial records for a minimum of 6 years, if you operate an online store, are a sole trader or own a small business in Exeter, according to the Companies Act (2006). If you are unable to produce this information you may face a fine of thousands of pounds and possibly disqualification as a Company Director. The trade magazine Accounting Today states that over forty percent of small businesses spend over eighty hours annually doing their accounts, therefore whilst you can do these financial recordings on your own behalf, it can pay to use a professional bookkeeping service or accountant to do them instead.

Free Exeter Bookkeepers Quotes

The time has come to get in touch with a bookkeeper in Exeter for guidance and advice, if you're filled with terror simply thinking about creating profit, loss and fiscal reports, tracking liabilities and assets, filling out ledgers or compiling balance sheets.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Exeter Devon (EX1)

"What is the distinction between a bookkeeper and an accountant?" Is a question that's asked by most people in Exeter. The fact is that while in the past the bookkeeping process, was deemed beneath the experience, qualifications and skill set of an accountant, because of software developments over the past decade, many accountancy companies in the Exeter area will now undertake bookkeeping. It is quite common for many accountancy companies to charge a fixed fee for bookkeeping services in keeping with an independent bookkeeper's fee. Business owners are now cashing in on this, since it provides a wider variety of competition within the industry and can mean that the cost of bookkeeping is much more affordable than it would previously have been.

When looking at the biggest difference between a bookkeeper and an accountant, it's the level of training and qualification that's required for each of these disciplines. Typically holding a degree in accounting, a professional accountant will also have had training in tax preparation and further qualifications in fiscal and business management. A bookkeeper in Exeter will certainly have a pretty good understanding of these fiscal procedures, but might not have the same levels of training and experience, or hold these qualifications.

A BOOKKEEPER'S RESPONSIBILITIES

To explain in the simplest of forms, the bookkeeping process involves the recording of day to day financial transactions of any business or enterprise in Exeter. This will include;

  • Payroll services.
  • VAT submissions and recording.
  • The billing of customers for goods or work completed.
  • Documenting the receipt of invoices and ensuring that payment is completed promptly.
  • Highlighting and rectifying any discrepancies in financial accounts.
  • Monthly reconciliations and reports.
  • Making sure that accounting and double-entry bookkeeping practices are implemented.
  • Logging of all financial incomings; including electronic, card and cash payments.
Bookkeeping Exeter UK (01392)

Based on service level you require, a bookkeeper might only be needed to periodically double-check your records, if you are in a position to undertake the majority of bookkeeping work yourself. At the bare minimum this ought to be each month, to facilitate the swift identification and rectifying of any problems or mistakes. Providing that you're able to stay up-to-date with your monetary transactions without impacting on your everyday business activities, this option can be the most affordable solution.

Whatever your situation, if you are looking at hiring a bookkeeper in Exeter, it is a good bet that you may be stressed with the financial recording aspects of your small business. A professional bookkeeper will be able to give assistance with everything from stocktaking, preparing expense reports and invoicing, to linking the most suitable software application with your accounts to enable the seamless arrangement of data.

Bookkeeping Enquiries in Exeter Devon

One of the most important aspects of good bookkeeping practice, is being able to efficiently reconcile accounts payable with cash flow. Which means that by optimising bill payments to a time when your accounts are in the best possible position, your bookkeeper will avoid the mistake that many small businesses in Exeter are guilty of at some time or other i.e. paying a bill right away, or waiting on an overdue notice. Together with keeping your business financially sound, this also maintains your reputation with suppliers and companies who provide services to your business. Unfortunately, this is one of those balancing acts that can be difficult to accomplish when you are focussed on the streamlined running of your day to day business operation.

Bookkeeper Near Exeter Devon

Having someone who isn't affiliated with the business cast an unbiased eye over your financial transactions, is another advantage of employing a qualified bookkeeper in Exeter for your small business or if you are a sole trader. Business patterns and trends that you may have disregarded might be pinpointed by this kind of nonpartisan appraisal. It isn't unheard of for a bookkeeper to identify an opportunity or flag an area of the business where profits are falling. Such KPI's (key performance indicators) are crucial in the future growth of any small business in Exeter.

Chasing up late payments can be an humiliating situation for you, if you give out invoices as part of your business operations. If that visit to your customers or telephone call is carried out by a person outside your business situation, it is possible for some of that awkwardness to be removed. There are legal solutions that a bookkeeper can employ, if you've got problems with a persistent late or non-payer, and these can help to clear up the issue before the situation ends up in a claims court proceeding.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

There are some relatively uncomplicated sole trader bookkeeping requirements, which are laid out by law. This involves retaining all invoices and receipts in relation to the business, and keeping track of expenditure and income from month to month. It's still recommended that you retain the services of a bookkeeper, even though this may sound easy. Advising you on what genuine business expenses you can claim back, a specialised sole trader bookkeeper in Exeter will look after your financial dealings with HMRC. This might include items such as computing equipment, promotional advertising, consumables, stationery goods and bills and rent if you work from home. Talk to your local bookkeeper for more in-depth advice and see how they may be able to help your business to grow and prosper.

ONLINE TRADERS IN EXETER

Bookkeeping Services Exeter

There are certain niche areas in bookkeeping where the skills of a specialist might be required. By way of example, if you run a store online, you will need to employ a bookkeeper in Exeter who's familiar with international and cross-border taxes, online payment procedures, exchange rate transfers and multi-currency processing. If you hold or produce the goods that you distribute on that outlet, then it will be a massive priority for your bookkeeping software or services to monitor your your stock on a 24 hours a day basis, given that the internet doesn't sleep.

In conjunction with your bookkeeping services, a remote virtual office can also be supplied. This allows a sole trader or online only business to have a telephone service and postal address to provide a physical link with their buyers. Although this option might not be provided by all bookkeeping companies in Exeter, it is certainly worth discussing the possibilities if this service is something that could be beneficial.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many qualifications for the field of bookkeeping are at Certificate and Diploma level, and a certified Exeter bookkeeper does not need to hold a degree. There's an ever-increasing variety of online courses available, although qualifications can still be obtained through further education colleges and universities.

There are 2 main certification and training organisations which represent bookkeepers:

Local Bookkeeping Services Exeter (EX1)

The Association of Accounting Technicians or AAT: The AAT or Association of Accounting Technicians provides a training schedule with advanced qualifications allowing a fully certified member to use the letters AATQB. They are then able to become authorised AAT bookkeepers, which promises their customers a decent standard of service which is backed up by the organisation. To safeguard the values and integrity of the AAT, a bookkeeper who is a member of the AAT can be subject to tribunal and disciplinary processes if they have a complaint against them or are found to have violated the code of conduct.

The Institute of Certified Bookkeepers (ICB): The Institute of Certified Bookkeepers or ICB is the largest bookkeeping organisation in the world and provides accreditation to qualified bookkeepers, along with training and reference material to keep their associated members up-to-speed with the latest trends.

By viewing the register of AAT or ICB members on their websites, you can examine the qualifications of any bookkeeper. Before you use any bookkeeper in Exeter it is always a good idea to implement this check.

(Tags: Bookkeeping Accountants Exeter, Bookkeepers Exeter, Bookkeeping Services Exeter, Bookkeeper Exeter, Bookkeeping Service Exeter)

Book Bookkeeper in Exeter UK

Bookkeeping services are available for those living in in Exeter and also in nearby places like: Birchy Barton, Whitestone, Longdown, Stoke Hill, Cowley, Wonford, St Thomas, Nadderwater, Poltimore, Exwick, Ide, Marsh Barton, Alphington, Whipton, Heavitree, Pocombe Bridge, together with these postcodes EX1 2AA, EX1 1BZ, EX1 1HS, EX1 1EG, EX1 1UA, EX1 1GN, EX1 1PJ, EX1 1XP, EX1 1QJ, EX1 1BU. Locally based Exeter Bookkeepers will likely have the postcode EX1 and the telephone dialling code 01392. Verifying this can ensure that you access locally based bookkeepers. Exeter sole traders and business owners can benefit from these and countless other similar services.

Outsourced Bookkeeping Exeter

All businesses in Exeter should understand the significance of bookkeeping. It helps business people monitor their incomings and outgoings, the money left in their bank, the total value of their liabilities and assets, and the like. With the business owner having to handle a lot of concerns and issues while operating a business, the task of performing the bookkeeping is sometimes outsourced to a bookkeeping company or freelance bookkeepers in Exeter.

Outsourcing Bookkeeping

If a company in Exeter hires a bookkeeper in order to join their ranks, the company will be required to pay out a considerable sum of money in training that person for the purpose of carrying out the bookkeeping duties. In addition to that, there is no guarantee that he or she will stay for long in the company. In circumstances like that, the company can lose a substantial sum of money for very little return. Apart from that, businesses will need to look for solutions to provide benefits and incentives to keep the employee in house. These are just some of the reasons why companies quite often enlist the services of bookkeeping companies and professional bookkeepers in Exeter.

The business owner in Exeter 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 Exeter should have a well protected system that can be relied on and trusted.

These professional bookkeeping companies in Exeter should be able to customise their bookkeeping services with that of the client company's existing bookkeeping system. They should be able to ask for assistance from these bookkeepers as and when they need the required back-up and support.

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Exeter Bookkeeper Tasks

Bookkeeper Tasks Exeter

Most bookkeepers in Exeter will be willing to offer you the following bookkeeping and accounting services: profit & loss reports in Exeter, payroll bookkeeping in Exeter, bookkeeping for freelancers in Exeter, credit control, bookkeeping services for tradesmen, VAT returns Exeter, bookkeeping for sole traders, general bookkeeping services Exeter, management accounts, landlord bookkeeping Exeter, bookkeeping services for societies, Xero bookkeeping, bookkeeping services for limited companies Exeter, personal tax returns Exeter, Sage bookkeeping Exeter, Self-Assessment tax returns Exeter, maintaining fixed asset registers, letting agent bookkeeping Exeter, independent bookkeeping services, bookkeeping prices, bookkeeping services in Exeter, bookkeeping services for organisations, small business bookkeeping, off-site bookkeeping services, mobile bookkeeping services, PAYE & wages, bank reconciliations Exeter, cash flow analysis in Exeter, bookkeeping for restaurants, payment services, and more. These are just some of the activities that are handled by local bookkeepers. Exeter companies will keep you informed about their entire range of bookkeeping services. If there happen to be additional Exeter bookkeeper requirements that you want but can't see here, you can easily list them on the QUOTE FORM provided. We will be in touch with specifics just as soon as we are able.

EXETER BOOKKEEPING QUOTES

Bookkeepers Near Exeter

Also find: Longdown bookkeepers, Birchy Barton bookkeepers, Exwick bookkeepers, Pocombe Bridge bookkeepers, Alphington bookkeepers, Wonford bookkeepers, Poltimore bookkeepers, Marsh Barton bookkeepers, Whitestone bookkeepers, Nadderwater bookkeepers, Heavitree bookkeepers, Whipton bookkeepers, St Thomas bookkeepers, Ide bookkeepers, Stoke Hill bookkeepers, Cowley bookkeeper and more. Most of these locations are covered by local bookeepers. Exeter residents can get fees for bookkeeping services by clicking here.

Bookkeeping Services Exeter

Find a Bookkeeper in Exeter Here
Exeter Bookkeeping Services (01392)
  • Exeter Invoice Processing
  • Exeter Bookkeeping Services
  • Exeter Tax Returns
  • Exeter Payroll Services
  • Exeter VAT Returns
  • Exeter Sole Trader Bookkeeping
  • Exeter Double-Entry Bookkeeping
  • Exeter Cash Flow Analysis
  • Exeter Cheap Bookkeeping
  • Exeter Self-Assessment Bookkeeping
  • Exeter Credit Control
  • Exeter Small Business Bookkeeping
  • Exeter Bookkeeping Quotes
  • Exeter PAYE Wages and CIS

Bookkeepers Around Exeter: People living in the following Exeter areas and roads have just recently enquired about bookkeeping services - Stokes Mead, Tower View, Cornmill Crescent, Trentbridge Square, Stanford Road, Spenser Avenue, Silver Terrace, Danes Road, Bonnington Grove, St Leonards Place, Tarbet Avenue, Cliff Bastin Close, Bindon Road, St Germans Road, The Square, Churchill Close, Sunhill Avenue, Bowring Close, St Andrews Road, Belle View, Carlile Road, Chard Road, Sandford Walk, Clarke Mead, St Margarets Terrace, Swallow Drive, The Crescent, Townlands, Balmoral Gardens, Sandfords, as well as these Exeter area postcodes: EX1 2AA, EX1 1BZ, EX1 1HS, EX1 1EG, EX1 1UA, EX1 1GN, EX1 1PJ, EX1 1XP, EX1 1QJ, EX1 1BU.

For local info regarding Exeter, Devon look here

Bookkeepers in EX1 area, phone code 01392.

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(This bookkeepers Exeter information was revised and updated on 25-01-2023)