Bookkeepers Gillingham

Gillingham Bookkeeping Services

Bookkeepers Gillingham Kent (ME7): You are entirely responsible for maintaining accurate, "true and fair" accounting and financial records for at least 6 years, if you are a sole trader, run an online store or operate a small business in Gillingham, in accordance with the Companies Act (2006). Failure to produce such records could leave you faced with Company Director disqualification, together with thousands of pounds in fines. There's a substantial investment of time involved with keeping such financial recordings on your own behalf, and it's often more cost-effective to use a professional bookkeeper or accountant, as according to Accounting Today magazine over forty percent of small businesses spend 80 plus hours annually doing their bookkeeping.

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If the thought of preparing profit, loss and fiscal reports, producing balance sheets, tracking liabilities and assets or writing ledgers fills you with dread, then the time has come to get in touch with a bookkeeper in Gillingham for help and advice.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Gillingham Kent (ME7)

For many business owners in Gillingham, the first question that springs to mind when faced with this challenge is "Just what is the difference between a bookkeeper and an accountant?" In truth, due to improvements in software over the past decade many accountancy companies in Gillingham will undertake bookkeeping, which was at one time considered to be beneath their qualifications, experience and skill set. For many accounting firms it's now fairly common to charge a fixed fee for bookkeeping services, so that they are in line with the usual fees of a dedicated bookkeeper in Gillingham. As it generates a wider variety of competition within the marketplace, this is fantastic news for small businesses in Gillingham, making their bookkeeping much more affordable than it was previously.

The big difference between a bookkeeper and an accountant is the amount of training needed. Typically holding an accounting degree, a professional accountant should also have had additional training in tax matters and have qualifications in business and financial management. A bookkeeper in Gillingham may not necessarily hold the qualifications or levels of training and experience, but should still have a fair grasp of these fiscal disciplines.

RESPONSIBILITIES OF A BOOKKEEPER IN GILLINGHAM

The process of bookkeeping put simply, is the recording of the day to day monetary transactions of any business enterprise in Gillingham. This may include, but is not limited to;

  • Recording of all financial incomings; card, electronic and cash payments included.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Making sure that accounting and double-entry bookkeeping practices are implemented.
  • Documenting the receipt of invoices and making sure payment is completed punctually.
  • Payroll services.
  • Monthly reconciliations and reporting.
  • VAT submissions and recording.
  • The billing of clients for work completed or goods.
Bookkeeping Gillingham UK (01634)

If you're willing to carry out a large majority of your bookkeeping work yourself; a professional bookkeeper might just be necessary for double-checking your figures on a fixed schedule. As a bare minimum this should really be on a monthly basis, to facilitate the rapid detection and correcting of any problems or mistakes. This can be the most cost-effective trade-off, providing you are confident of keeping up-to-date with your financial transactions without compromising your everyday trading operations.

If you are presently looking to hire a bookkeeping firm in Gillingham, whatever your circumstances are, it's a good bet that you might be fretting over your financial and tax procedures. A good bookkeeping service will help you with everything from stocktaking, preparing expense reports and invoicing, to linking your accounts with the latest software application to seamlessly process all your data.

Bookkeeping Enquiries in Gillingham Kent

The reconciliation of cash flow with accounts payable is one of the most important elements of good bookkeeping. Which means that by arranging the payment of bills to a time when your accounts are buoyant, your bookkeeper will avoid the mistake that most small businesses are guilty of i.e. paying off a bill straight away, or waiting on an overdue notice. This not only keeps your business or enterprise financially sound, but keeps you in favour with suppliers and the businesses who supply you with services. When, as an individual, you're mostly focussed on running your daily business activities, this is a juggling act that can be challenging to accomplish.

Bookkeeper Near Gillingham Kent

Having a person who is not associated with the business cast an eye over your financial affairs, is another added benefit of using a competent bookkeeper in Gillingham for your small business or if you're a sole trader. Business patterns and trends that you may have overlooked may be highlighted by this kind of impartial evaluation. It's not at all uncommon for a smart bookkeeper to flag an area where profits are dropping off, or spot a new opportunity that could be lucrative. Spotting these key performance indicators is vital for driving the growth of any small business in Gillingham.

If you send out invoices as part of your business operations, having to chase up a late payment can be really uncomfortable. If that visit to your customer or phone call is carried out by a person from outside your business bubble, it's possible for most of that awkwardness to be eliminated. A bookkeeper can use legal options to take care of a repeating late or non-payer, and without the need for claims court proceedings, help to clear up the situation.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The legal bookkeeping requirements if you are a sole trader, are fairly straightforward and basic. This involves keeping all receipts and invoices relating to the business, and keeping track of expenditure and income from month to month. Whilst this may sound simple it is still recommended that you retain the expert services of a bookkeeper. So that you can claim back all valid business expenses from HMRC, a professional sole trader bookkeeper in Gillingham will be able to advise you on what must be done. This may include bills and rent if working from home, items such as laptops, advertising expenses, stationery and consumables. For more detailed advice, talk to your bookkeeper, and discover how they might help your business to thrive and grow going forward.

BOOKKEEPING FOR ONLINE TRADERS IN GILLINGHAM

Bookkeeping Services Gillingham

There are a number of niche businesses where a specialist bookkeeper may be essential. If exchange rate transfers, international and cross-border taxes, multi-currency processing and online payment procedures are involved, for instance if you manage an online store, you'll want to hire a bookkeeper in Gillingham who is familiar with these operations. If you produce or hold the merchandise that you distribute with that shop, then it will be a massive concern for your bookkeeping services and software to monitor your your inventory on a 24/7 basis, because the internet does not sleep.

In conjunction with bookkeeping services, it is also possible to establish a virtual office. This allows a sole trader or online only business to have a telephone service and postal address to provide a physical link with their clients. It's certainly worth discussing this possibility if it is required, although not all bookkeeping companies in Gillingham will offer this solution.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many qualifications for the bookkeeping sector are at Diploma and Certificate level, and a certified bookkeeper in Gillingham needn't hold a degree. Qualifications can be gained through further education universities and colleges but there is also an ever-increasing variety of courses available online.

There are two principal training and certification organisations which represent bookkeepers:

Local Bookkeeping Services Gillingham (ME7)

The ICB or Institute of Certified Bookkeepers: The largest organisation of its kind anywhere in the world is the the ICB or Institute of Certified Bookkeepers, and it supplies certification for qualified bookkeepers, along with training and reference material to keep their members informed about the latest trends and developments.

The Association of Accounting Technicians or AAT: The AAT (Association of Accounting Technicians) provides advanced qualifications and a training schedule allowing a fully trained bookkeeper to use the letters AATQB after their name. They can then become authorised AAT bookkeepers, backed up by this respected organisation, which promises a standard of service for their customers. If a bookkeeper who is a member of the AAT is found to have broken the code of practice or has a complaint against them, they can be subject to disciplinary and tribunal procedures to preserve the trustworthiness of aat membership.

By visiting the register of AAT or ICB members on their websites, it's possible to determine the qualifications of any professional bookkeeper. It is recommended that you carry out this check, before you retain the services of any local bookkeeper in Gillingham.

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Book Bookkeeper in Gillingham UK

Bookkeeping services are available in Gillingham and also in nearby places like: St Marys Island, Chattenden, Wainscott, Wigmore, Wouldham, Frindsbury, Walderslade, Lower Rainham, Hempstead, Hartlip, Grange, Blue Bell Hill, Brompton, together with these postcodes ME7 1DS, ME7 1LA, ME7 1AZ, ME7 1BP, ME7 1DZ, ME7 1EL, ME7 1BS, ME7 1HY, ME7 1HD, ME7 1AL. Locally based Gillingham Bookkeepers will probably have the telephone code 01634 and the postcode ME7. Verifying this can confirm that you access local bookkeepers. Gillingham sole traders and business owners will be able to benefit from these and countless other similar services.

Outsourced Bookkeeping Gillingham

All businesses in Gillingham should understand the significance of bookkeeping. It helps business people monitor the total value of their assets and liabilities, the money left in the bank, their payables/receivables, and the like. With the business owner having to handle the concerns and issues of running a business, the task of performing the bookkeeping is normally outsourced to freelance bookkeepers or a bookkeeping company in Gillingham.

Outsourcing Bookkeeping

If a company in Gillingham hires a bookkeeper so as to join their ranks, the company will have to spend a considerable sum of money in training the person for the purpose of performing the bookkeeping duties. Furthermore, there's no guarantee that the individual will stay for long in the company. In that case, the company stands to lose a significant sum of money for very little return. Besides that, companies will have to look for solutions to offer benefits and incentives to keep the trained employee within the business. These are just a handful of the reasons behind businesses enlisting the services of bookkeeping companies and professional bookkeepers in Gillingham.

With the advent of new technology and the internet there is no need for business owners to stick to a freelance bookkeeper who may continue with outdated accounting practices. Again, they are not under pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is becoming increasingly common in the financial domain. One will find a lot many companies offering financial bookkeeping services catering to all kinds of clients and industries in Gillingham. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Gillingham bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.

These professional bookkeeping companies in Gillingham 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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Charity bookkeeping Gillingham.

Gillingham Bookkeeper Questions

Gillingham Bookkeeping Questions

In recent weeks I've been going through the sorts of questions folks in Gillingham ask about bookkeeping. Quite a few of our visitors have posted fascinating enquiries that are relevant to this blog post. The ones that I singled out are, How is bookkeeping related to accounting? Are bookkeeping fees tax deductible? Do bookkeepers do adjustment? Should a bookkeeper be bonded? What makes a great bookkeeper? What are the advantages of a bookkeeper over an accountant? How do bookkeeping services work? How much should bookkeeping cost? How can bookkeeping help your business? The vast majority of these questions hopefully have been addressed somewhere on this webpage, and if some still need to be addressed a bookkeeping "Q&A" feature is the next thing we are going to put in. Our appreciation goes out to these folks in Gillingham for taking the trouble to raise these excellent questions; Filip Griffiths, Leyton Atkinson, Damien Kirk and Gabriella Dobson. Enquiries were also sent in by Stephanie Sykes in Wainscott, George Cummings in Walderslade and Lila Guest in Hartlip.

Gillingham Bookkeeper Tasks

Bookkeeper Tasks Gillingham

Most Gillingham bookkeepers will be prepared to offer you the following bookkeeping services: bookkeeping services for freelancers, bookkeeping services for limited companies in Gillingham, bank reconciliation in Gillingham, maintaining fixed asset registers, bookkeeping for clubs, landlord bookkeeping Gillingham, professional bookkeeping services, company cash books, profit & loss reports, accountancy packages in Gillingham, VAT returns, tax returns Gillingham, bookkeeping for small businesses, Self-Assessment tax returns, bookkeeping and accounting services, PAYE & wages Gillingham, bookkeeping services for restaurants, cash flow analysis in Gillingham, bookkeeping for tradesmen in Gillingham, bookkeeping quotes Gillingham, management accounts, bookkeeping for sole traders Gillingham, credit control Gillingham, Quickbook bookkeeping services, bookkeeping services for startups, payroll bookkeeping, Kashflow bookkeeping, bookkeeping services for societies, letting agent bookkeeping Gillingham, management reports, and more. These are just a handful of the activities that are handled by local bookkeepers. Gillingham professionals will tell you about their whole range of services. If there are other Gillingham bookkeeper requirements that you want but don't see here, you can easily list them on the QUOTE FORM provided. We'll be in touch with specifics as soon as we can.

GILLINGHAM BOOKKEEPING QUOTES

Bookkeepers Near Gillingham

Also find: Walderslade bookkeepers, Lower Rainham bookkeepers, Frindsbury bookkeepers, Wainscott bookkeepers, Grange bookkeepers, Blue Bell Hill bookkeepers, Hartlip bookkeepers, St Marys Island bookkeepers, Hempstead bookkeepers, Wouldham bookkeepers, Wigmore bookkeepers, Chattenden bookkeepers, Brompton bookkeeper and more. The majority of these places are catered for by local bookeepers. Gillingham businesses and traders can get rates for bookkeeping services by clicking here.

Bookkeeping Services Gillingham

Find a Bookkeeper in Gillingham Here
Gillingham Bookkeeping Services (01634)
  • Gillingham Cash Flow Management
  • Gillingham Tax Preparation
  • Gillingham Sole Trader Bookkeeping
  • Gillingham Bookkeeping Services
  • Gillingham Wages and PAYE
  • Gillingham Self-Assessment Bookkeeping
  • Gillingham Cheap Bookkeeping
  • Gillingham Profit and Loss Analysis
  • Gillingham Self-Assessment Tax Returns
  • Gillingham Small Business Bookkeeping
  • Gillingham Credit Control
  • Gillingham Double-Entry Bookkeeping
  • Gillingham Bookkeeping Estimates
  • Gillingham Payroll Services

Bookkeepers Around Gillingham: People who live in the following streets and roads have recently inquired about bookkeeping services - The Parade, Stour Close, Adelaide Road, Cheriton Road, Chapel Hill, Sydney Place, The Fieldings, Common Mead Avenue, Byron Road, Skinner Street, The Laurels, Connaught Road, St Martins Square, Brickyard Lane, Sylvan Road, Tan Lane, The Common, Carlton Avenue, Dignals Close, Alton Mews, Trafalgar Street, Smarden Walk, Springfield Road, Tufton Road, Deane Avenue, Solomon Road, Shreen Way, as well as these Gillingham area postcodes: ME7 1DS, ME7 1LA, ME7 1AZ, ME7 1BP, ME7 1DZ, ME7 1EL, ME7 1BS, ME7 1HY, ME7 1HD, ME7 1AL.

Gillingham Bookkeeping Jobs: Get bookkeeping jobs near Gillingham by clicking here: Gillingham Bookkeeping Jobs

Gillingham Kent: For details about Gillingham, Kent look here

Bookkeepers in ME7 area, telephone code 01634.

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(This bookkeepers Gillingham content was checked and updated on 25-01-2023)