Bookkeepers Folkestone

Folkestone Bookkeeping Services

Bookkeepers Folkestone Kent (CT18): You are responsible for maintaining "true and fair", accurate financial and accounting records for at least 6 years, if you own a small business, are a sole trader or run an online store in Folkestone, to comply with the Companies Act. If you can't produce this information, you could be disqualified as a Company Director and face thousands of pounds in fines. You could undertake these financial recordings on your own, although when you consider that according to Accounting Today magazine over 40% of small businesses spend over eighty hours each year doing their bookkeeping, it's often more cost-effective to use a professional accountant or bookkeeper.

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The time has come to contact a bookkeeper in Folkestone for help and advice, if you're overcome with a sense of dread merely thinking about compiling balance sheets, writing ledgers, tracking liabilities and assets or creating profit, loss and fiscal reports.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Folkestone Kent (CT18)

"What exactly is the difference between a bookkeeper and an accountant?" Is a question which is asked by many business owners in Folkestone. The truth is that while in past times a lot of accountants considered the bookkeeping process to be beneath their skill set, experience and qualifications, many accountancy companies in Folkestone will now undertake most bookkeeping duties, due to improvements in software over the past decade or so. To make sure their bookkeeping services are commensurate with a typical bookkeeper's fee, it's now common practice for many accountancy companies to charge a set fee for such services. Because it gives a wider variety of competition within the industry, this is great news for business owners in Folkestone, making their bookkeeping costs more manageable than they previously were.

It is essentially the level of training and qualification that's needed for each discipline, that demonstrates the main difference between a bookkeeper and an accountant in Folkestone. An accountant will, at a minimum, hold an accounting degree, and will have also had specialist training in business and fiscal management, and taxes. Whilst having a good understanding of these procedures, a bookkeeper in Folkestone may not necessarily have the qualifications or levels of training and experience.

A BOOKKEEPER'S RESPONSIBILITIES

The recording of day by day fiscal transactions of any business or enterprise in Folkestone, describes the act of bookkeeping in simple terms. This can include;

  • Monthly reconciliation and reports.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Recording of all financial incomings; including electronic, cash and card payments.
  • Recording invoices received and ensuring that payment is completed punctually.
  • Making sure that accounting and double-entry bookkeeping practices are followed at all times.
  • Payroll services.
  • Billing of customers for goods or work completed.
  • VAT recording and submissions.
Bookkeeping Folkestone UK (01303)

Subject to service level you require, a professional bookkeeper may just be needed to periodically double-check your records, if you're willing to carry out the bulk of your own bookkeeping work. To ensure that any mistakes or problems can be detected and amended promptly, at the bare minimum, this ought to be done from month to month. This may be an extremely cost-effective trade-off, as long as you're able to stay on top of your monetary transactions without impacting on your day to day business operations.

There is a fair chance that if you are looking to hire a bookkeeping company, you're currently fretting over the financial recording side of your small business in Folkestone. A good bookkeeping service will be able to provide guidance and advice on everything from preparing expense reports, invoicing and stocktaking, to linking your business accounts with the latest software to facilitate the seamless organisation of transactional data.

Bookkeeping Enquiries in Folkestone Kent

One of the most important elements of good bookkeeping practice, is the ability to efficiently reconcile accounts payable with cash flow. This means that your bookkeeper will prioritise the payment of bills to a time when your finances are in good shape, rather than paying an outstanding bill right away, or waiting on an overdue notice, which most small businesses are guilty of. This does not just keep you in favour with suppliers and the businesses who supply you with services, but also makes certain that your enterprise or business is on a sound financial footing. When, as an individual, you are completely focussed on running your daily business activities, this is a balancing act that can be challenging to accomplish.

Bookkeeper Near Folkestone Kent

If you are a sole trader, or own a small business, employing a competent bookkeeper in Folkestone, also gives them the chance to cast an impartial eye over the financial dealings of your business. It could be that business trends and patterns that you have overlooked will thus be brought to the fore. A scenario where an intelligent bookkeeper flags an area which is decreasing in profits, or identifies an opportunity which may be worthwhile, is not at all an uncommon occurrence. Spotting these key performance indicators (KPI's) is essential for powering growth in any business in Folkestone.

If your business sends out invoices it can often be uncomfortable having to pursue late payments. By having a person outside your business bubble make that telephone call or visit to your clients, some of that apprehension can be removed. To help with resolving the issue, if you have a consistent late or non-payer, there are options that can be made use of by a bookkeeper, so court proceedings can be avoided.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

There are some fairly basic sole trader bookkeeping requirements, that are laid out by law. In essence, sole traders must keep all invoices and receipts, and keep track of income and expenditure from month to month. Although this might initially sound fairly simple, hiring the services of a bookkeeping company is still a wise move. A dedicated sole trader bookkeeper in Folkestone will be able to advise you on what you're able to claim back from HMRC as business expenses. This could include promotional advertising, stationery, bills and rent if you work from home, items such as computers and consumables. Talk to a trusted bookkeeper for more in-depth advice and discover how they may be able to help your small business to prosper and grow.

ONLINE TRADERS

Bookkeeping Services Folkestone

Specialist bookkeepers are sometimes needed for certain bookkeeping niches. If cross-border and international taxes, online payment procedures, multi-currency processing and exchange rate transfers are involved, for example if you manage a store online, you will need to hire a bookkeeper in Folkestone who understands these practices. If you produce or hold the merchandise that you distribute on that outlet, then it will be a crucial concern for your bookkeeping services and software to control your stock on a 24/7 basis, because the internet does not sleep.

A virtual office can also be provided together with your bookkeeping services. This can be valuable in enabling an online only business or sole trader to have a phone service and postal address to provide a physical connection to their customer base. It is certainly worth discussing this possibility if it's something that could benefit you, although not all Folkestone bookkeeping businesses will provide this service.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

It is not mandatory for a qualified Folkestone bookkeeper to hold a degree, and many of the bookkeeping industry qualifications are held at Diploma or Certificate level. Qualifications can be gained through further education universities and colleges but there is also a growing number of courses available online.

There are essentially two main organisations that offer certification and training to bookkeepers:

Local Bookkeeping Services Folkestone (CT18)

The Institute of Certified Bookkeepers or ICB: Keeping their members up-to-date with the latest trends and innovations, the Institute of Certified Bookkeepers (ICB) is the largest organisation of its kind in the world, providing certification for qualified bookkeepers, in addition to training and reference material.

The AAT (Association of Accounting Technicians): With fully certified bookkeepers being able to use the letters AATQB after their name, the Association of Accounting Technicians (AAT) provides a training schedule with advanced qualifications. They then become certified AAT bookkeepers, approved by this well-respected association, which guarantees a certain standard of service for their clients. If an AAT bookkeeper is found to have breached the code of conduct or has a complaint against them, they can be liable to disciplinary and tribunal processes to safeguard the integrity of the aat membership.

By going to their websites, you are able to inspect the accreditations of any professional bookkeeper on the register of AAT or ICB members. Carrying out such checks is usually advisable before you actually employ any local bookkeeper in Folkestone.

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Book Bookkeeper in Folkestone UK

Bookkeeping services are available for people living in in Folkestone and also in: West Hougham, Sandgate, Seabrook, Stanford, Capel le Ferne, Saltwood, Church Hougham, Etchinghill, Hawkinge, Hythe, Alkham, Cheriton, Elham, Lower Standen, Densole, Palmarsh, Lyminge, as well as in these postcodes CT19 4EP, CT19 4NJ, CT19 4LT, CT19 4EL, CT19 4FF, CT19, CT18 8YT, CT18 7WY, CT19 4EB, CT19 4NE. Local Folkestone Bookkeepers will likely have the phone code 01303 and the postcode CT18. Checking this can make certain that you are accessing locally based bookkeepers. Folkestone sole traders and business owners are able to utilise these and many other comparable services.

Folkestone Bookkeeper Tasks

Bookkeeper Tasks Folkestone

Most Folkestone bookkeepers will be willing to provide you with the following bookkeeping services: management accounts Folkestone, Sage bookkeeping services, bookkeeping services for self-employed people, bank reconciliations, bookkeeping for clubs, bookkeeping services for organisations Folkestone, business bookkeeping, bookkeeping services for limited companies, Kashflow bookkeeping services Folkestone, bookkeeping for sole traders, cheap bookkeeping services, mobile bookkeeping services in Folkestone, bookkeeping for restaurants, invoice processing, franchise bookkeeping Folkestone, bookkeeping for home-based businesses, Xero bookkeeping Folkestone, accountancy packages, professional bookkeeping services, letting agent bookkeeping Folkestone, tax returns, VAT returns, landlord bookkeeping Folkestone, accounting and bookkeeping, bookkeeping for small business in Folkestone, bookkeeping for freelancers in Folkestone, cash flow analysis, off-site bookkeeping, and more. Listed are just a selection of the activities that are carried out by local bookkeepers. Folkestone providers will inform you of their full range of services. If there are some other Folkestone bookkeeper requirements that you need but cannot see here, you can list them on the QUOTE FORM provided. We will be in touch with specifics as soon as we can.

FOLKESTONE BOOKKEEPING QUOTES

Bookkeepers Near Folkestone

Also find: Cheriton bookkeepers, Alkham bookkeepers, Church Hougham bookkeepers, Stanford bookkeepers, Etchinghill bookkeepers, Palmarsh bookkeepers, Hythe bookkeepers, Seabrook bookkeepers, Saltwood bookkeepers, Densole bookkeepers, Lyminge bookkeepers, West Hougham bookkeepers, Hawkinge bookkeepers, Elham bookkeepers, Capel le Ferne bookkeepers, Lower Standen bookkeepers, Sandgate bookkeeper and more. All these locations are catered for by local bookeepers. Folkestone businesses and traders can get rates for bookkeeping services by clicking here.

Bookkeeping Services Folkestone

Find a Bookkeeper in Folkestone Here
Folkestone Bookkeeping Services (01303)
  • Folkestone Credit Control
  • Folkestone Self-Assessment Bookkeeping
  • Folkestone Tax Preparation
  • Folkestone Double-Entry Bookkeeping
  • Folkestone Sole Trader Bookkeeping
  • Folkestone Bookkeeping Quotations
  • Folkestone Profit and Loss Reports
  • Folkestone Cash Flow Analysis
  • Folkestone Payroll Services
  • Folkestone Small Business Bookkeeping
  • Folkestone Tax Returns
  • Folkestone Invoice Processing
  • Folkestone Wages PAYE and CIS
  • Folkestone VAT Returns

Bookkeepers Around Folkestone: People living in the following Folkestone streets have just recently enquired about bookkeeping services - Bybrook Way, Chalk Pit, Chilham Road, Albert Road, St Denys Road, Coombe Way, Corone Close, School Road, Chalcroft Road, Bradstone Avenue, Broadfield Road, Surrenden Road, The Parade, Sandwich Close, Dover Road, Bradstone New Road, Barnfield Road, Cheriton High Street, Audley Road, Shepway Close, Allendale Street, School Lane, Castle Hill Avenue, Stanbury Crescent, Albion Road, Southbourne Road, Ashley Avenue, St Johns Way, as well as the following local Folkestone postcodes: CT19 4EP, CT19 4NJ, CT19 4LT, CT19 4EL, CT19 4FF, CT19, CT18 8YT, CT18 7WY, CT19 4EB, CT19 4NE.

Bookkeeping Jobs Folkestone: Find bookkeeping jobs in Folkestone by clicking here: Bookkeeping Jobs Folkestone

Folkestone: Information about Folkestone, Kent can be found here

Bookkeepers in CT18 area, phone code 01303.

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(This bookkeepers Folkestone page was edited and updated on 26-08-2022)