Bookkeepers Fleet Hampshire (GU51): Irrespective of whether you own a small business, run an online store or are a sole trader in Fleet, you're entirely responsible for maintaining "true and fair", accurate financial and accounting records for a minimum of six years as stated by the 2006 Companies Act. You could face disqualification as a Company Director and get a hefty fine, if you cannot produce these records. There is a large investment of time involved with compiling these financial recordings on your own behalf, and it can pay to employ a professional accountant or bookkeeper, especially if you consider the fact that according to Accounting Today over 40% of small businesses spend at least 80 hours every year doing their accounts.
The time has come to get in touch with a bookkeeper in Fleet for help and advice, if you're filled with dread just thinking about the possiblility of tracking assets and liabilities, creating profit, loss and fiscal reports, writing out ledgers or compiling balance sheets.
BOOKKEEPER OR ACCOUNTANT?
A common question that's asked by many business owners in Fleet is "Just what is the difference between an accountant and a bookkeeper?" The truth is that whilst at one time the bookkeeping process, was considered to be beneath the skill-sets, experience and qualifications of an accountant, because of tremendous improvements in software over the past 10 years or so, a lot of accountancy firms in the Fleet area will now take on bookkeeping. Most accounting companies now have a fixed fee for bookkeeping services, to keep them in step with what an independent bookkeeper in Fleet would normally charge. Business owners are now cashing in on this, since it generates a broader range of competition within the industry and can mean that the cost of bookkeeping is more manageable than it would have been previously.
When you are considering the differences between a bookkeeper and an accountant in Fleet, the most notable one is the standard of qualification and training that is needed for each of these disciplines. Typically holding an accounting degree, a professional accountant should also have had training in tax preparation and further qualifications in business and fiscal management. Although bookkeepers in Fleet will certainly have a good grasp of such disciplines, they might not necessarily have the same levels of experience and training in this field, or hold these qualifications.
A BOOKKEEPER'S RESPONSIBILITIES
In the simplest of terms, the bookkeeping process involves the logging of day to day transactions of any business in Fleet. This is likely to include, but is by no means limited to;
- VAT submissions and recording.
- Logging invoices received and making certain that payment is completed promptly.
- Recording of all financial incomings; card, cash and electronic payments included.
- Making sure that double-entry bookkeeping and accounting practices are followed.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- The billing of clients for goods or work completed.
- Payroll services.
- Monthly reports and reconciliations.
Whilst it is dependent on the kind of service you are interested in, if you're willing to carry out the bulk of bookkeeping work yourself, a bookkeeper might just be needed to double check your accounts periodically. At the bare minimum this should be from month to month, to enable the quick identification and rectifying of any mistakes or problems. This can be the most cost-effective trade-off, as long as it's possible to stay in control of your financial transactions without compromising your daily trading operations.
Whatever the situation is with your company or small business, if you are currently looking to hire a bookkeeper in Fleet, there's a fair chance that you may be getting stressed about the process of recording your financial transactions. A good bookkeeping service will be able to give assistance with everything from creating expense reports, stocktaking and invoicing, to linking your accounts with the latest, most up-to-date computer software to allow the seamless sorting of data.
Being able to reconcile cash flow with accounts payable, is an extremely crucial aspect of good bookkeeping. This means that by arranging the payment of bills to a time when your accounts are in the best possible position, your bookkeeper will avoid the thing that most small businesses in Fleet are guilty of i.e. paying an outstanding bill straight away, or waiting on a final notice. This doesn't just keep your business enterprise on a good financial footing, but keeps you in good stead with suppliers and the businesses who supply services to you. When, as an individual, you are purely focussed on the smooth running of your everyday business activities, this can be a balancing act that's challenging to perform.
If you are a sole trader, or run a small business, employing a competent bookkeeper in Fleet, also gives them the opportunity to cast an unrelated eye over the operation of your business. It could be that business trends and patterns that you might have overlooked will thus be brought to the fore. A situation where an astute bookkeeper flags an area which is decreasing in profits, or identifies an opportunity that could be lucrative, is by no means an unusual occurrence. These key performance indicators (KPI's) are important in the growth and success of any enterprise in Fleet.
If your business sends out invoices it can sometimes be humiliating having to pursue late payments. Having a professional from outside your business bubble, can take the apprehension out of making that phone call or visit to your clients. There are legal techniques a bookkeeper can use, if you've got problems with a repeating late or non-payer, and these can help to resolve the situation before the issue ends up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The requirements for bookkeeping by a sole trader, as set out in law, are reasonably uncomplicated and easily understood. Essentially, sole traders should retain all receipts and invoices, and track expenditure and income on a monthly basis. Now, this does not seem too hard does it? However, it is still advisable to retain the expert services of a competent bookkeeper to make sure that it is all done accurately. When dealing with your income tax returns, a dedicated sole trader bookkeeper in Fleet can advise you on what your valid business expenses are, and claim these back from HMRC each year. This may include advertising expenses, rent and bills if you work from home, items such as computers, consumables and stationery goods. For more in-depth advice, chat to a trusted bookkeeper, and discover how they may be able to help your small business to grow in the future.
BOOKKEEPING FOR ONLINE TRADERS IN FLEET
There are certain niche areas in bookkeeping where the expertise of a specialist may be required. As an example, if you run an online store, you'll be better off employing a bookkeeper in Fleet who understands international and cross-border taxes, multi-currency processing, online payments and exchange rate transfers. If you hold or produce the merchandise that you sell on that store, then it is going to be a huge concern for your bookkeeping software or services to maintain your inventory on a 24 hours a day basis, because of course, the internet never sleeps.
A virtual office can also be supplied in combination with your bookkeeping services. This allows a sole trader or online only business to offer a physical link with their customers, via a postal address and telephone service. If this type of service could be helpful, it is definitely worth talking about the possibilities, although this solution won't be offered by all Fleet bookkeepers.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A lot of the bookkeeping industry qualifications are at Certificate or Diploma level, and it isn't mandatory for a professional bookkeeper in Fleet to have a degree in accounting. If the preferred route to qualification is through further education colleges and universities, this option is still available, although there there are an ever-increasing selection of bookkeeping courses available online.
There are basically two main organisations that provide training and certification for bookkeepers:
The Institute of Certified Bookkeepers (ICB): The largest organisation of its kind in the world is the the Institute of Certified Bookkeepers or ICB, and it provides accreditation to bookkeepers, together with reference material and training to keep their associated members up-to-speed with the latest trends.
The AAT (Association of Accounting Technicians): Providing a training schedule with advanced qualifications, the Association of Accounting Technicians or AAT, allows fully trained members to use the letters AATQB. They then become accredited AAT bookkeepers, backed up by this respected organisation, which guarantees a minimum level of service for their customers. To safeguard the values and integrity of the AAT membership, an AAT bookkeeper can be subject to disciplinary and tribunal procedures if they are found to have contravened the code of conduct or had a complaint against them.
By going to their respective websites, it is possible to inspect the accreditations of any bookkeeper in Fleet on the register of AAT or ICB members. Prior to hiring the services of any bookkeeping company in Fleet, it is certainly wise to perform these necessary checks.
Bookkeeping services are available for those living in in Fleet and also in nearby places like: Church Crookham, Winchfield, Crookham Village, Ewshot, Farnborough, Hartley Wintney, Blackwater, North Warnborough, Odiham, Dogmersfield, Aldershot, Willowbourne, Mattingley, Elvetham, as well as in these postcodes GU51 2RP, GU51 2RB, GU51 1GY, GU51 1RF, GU51, GU51 1JW, GU51 1GH, GU51 1EH, GU51 2RD, GU51 1AH. Local Fleet Bookkeepers will likely have the dialling code 01252 and the postcode GU51. Checking this out should make sure that you are accessing locally based bookkeepers. Fleet sole traders and business owners can benefit from these and various other related services.
Fleet Bookkeeper Questions
Over the last few months I've been looking through the popular questions folks in Fleet ask in relation to bookkeepers. A couple of our web visitors have emailed in justifiable queries that I thought might be worth mentioning here. Those which I singled out were, When is single-entry bookkeeping used? What qualifications does a bookkeeper hold? Are bookkeeping and accounting the same? Bookkeepers - what do they do? Why is bookkeeping important to any business in Fleet? How much would a bookkeeper charge? What are the benefits of a bookkeeping services? Does a bookkeeper need insurance? How do bookkeeping services work? We hope that most of these questions have been covered in the preceding paragraphs, and if not a bookkeeping "Questions and Answers" section will be included shortly. Our thanks go out to Parker Price, Hector Gill, Edmund Robson and Paisley Bowen, for finding the time to put their questions. Applicable queries were also received from Catherine Joyce in Aldershot, Weston O'Sullivan in Ewshot and Maya Street in Willowbourne.
Fleet Bookkeeper Tasks
Most bookkeepers in Fleet will be able to provide you with the following accounting and bookkeeping services: accountancy packages, management accounts, bookkeeping for home-based businesses in Fleet, bookkeeping for pubs, Kashflow bookkeeping services, independent bookkeeping services, Sage bookkeeping, bookkeeping services for shops, Xero bookkeeping services, bookkeeping and accounting, bookkeeping for payroll, mobile bookkeeping services, VAT returns, off-site bookkeeping in Fleet, bookkeeping for sole traders in Fleet, bookkeeping for tradesmen, bookkeeping quotes, bookkeeping for freelancers, franchise bookkeeping Fleet, bookkeeping for charities in Fleet, cash flow analysis, PAYE & wages, bookkeeping services for startups Fleet, bookkeeping for clubs Fleet, cash books, landlord bookkeeping Fleet, general bookkeeping services in Fleet, Quickbook bookkeeping services Fleet, and more. Listed are just a handful of the activities that are conducted by local bookkeepers. Fleet providers will let you know their entire range of services. If there are some other Fleet bookkeeper requirements that you need but cannot see here, you can easily list them on the QUOTE FORM provided. We'll get back to you with details just as soon as we can.
Bookkeepers Near Fleet
Also here.: Elvetham bookkeepers, Dogmersfield bookkeepers, Odiham bookkeepers, Willowbourne bookkeepers, Ewshot bookkeepers, Crookham Village bookkeepers, Hartley Wintney bookkeepers, North Warnborough bookkeepers, Church Crookham bookkeepers, Blackwater bookkeepers, Aldershot bookkeepers, Mattingley bookkeepers, Winchfield bookkeepers, Farnborough and more. All of these locations are covered by local bookeepers. Fleet residents can get prices for bookkeeping services by going
- Fleet Tax Returns
- Fleet Cash Flow Analysis
- Fleet Profit and Loss Analysis
- Fleet Credit Control
- Fleet Sole Trader Bookkeeping
- Fleet Double-Entry Bookkeeping
- Fleet Payroll Services
- Fleet Accountancy Packages
- Fleet VAT Returns
- Fleet Bookkeeping Services
- Fleet Small Business Bookkeeping
- Fleet Cheap Bookkeeping
- Fleet Tax Preparation
- Fleet Self-Assessment Bookkeeping
Bookkeepers Around Fleet: People living in these nearby Fleet streets and roads have recently inquired about bookkeeping services - Compton Road, The Mount, Bryanstone Close, Decouttere Close, Tavistock Road, Cedar Drive, Coach House Gardens, Chestnut Grove, Burnside, Coombe Drive, Saddleback Way, Browning Road, Camus Close, Twisell Thorne, Annes Way, Dinorben Close, Tweseldown Road, Dinorben Avenue, Sunnyside, Brookly Gardens, Denman Close, Crookham Reach, Cove Road, Cranford Avenue, Albany Court, The Spinney, Sylvan Way, Dudley Court, Church Road, The Lea, as well as the following local Fleet postcodes: GU51 2RP, GU51 2RB, GU51 1GY, GU51 1RF, GU51, GU51 1JW, GU51 1GH, GU51 1EH, GU51 2RD, GU51 1AH.
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Bookkeeping Jobs Fleet: View bookkeeping jobs near Fleet by going here: Bookkeeping Jobs Fleet
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More Hampshire Bookkeepers: More Stubbington, Hedge End, Winchester, Havant, Fleet, Alton, Yateley, New Milton, Hythe, Southsea, Southampton, Gosport, Aldershot, Portsmouth, Emsworth, Totton, Andover, Basingstoke, Eastleigh, Horndean, Fareham, Waterlooville and Farnborough.:
Bookkeepers in GU51 area, (dialling code 01252).
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