Bookkeepers Gillingham

Gillingham Bookkeeping Services

Bookkeepers Gillingham Kent (ME7): You're entirely responsible for maintaining accurate, "true and fair" financial and accounting records for a minimum of 6 years, if you are a sole trader, operate a small business or run an online store in Gillingham, in accordance with the Companies Act. Failure to produce these detailed records could leave you facing thousands of pounds in fines and potentially Company Director disqualification. You could accomplish these financial recordings on your own behalf, yet when you consider that according to Accounting Today magazine over 40% of small business owners spend 80 plus hours every year doing their bookkeeping, it can be more cost-effective to use a professional accountant or bookkeeping service.

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It's high time to contact a bookkeeper in Gillingham for advice and guidance, if the very thought of tracking assets and liabilities, compiling balance sheets, writing out ledgers or preparing profit, loss and financial statements brings you feelings of terror.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Gillingham Kent (ME7)

The very first question that a lot of people ask is "Exactly what is the distinction between an accountant and a bookkeeper?" The truth is that while in the past a lot of accountants considered the bookkeeping process to be beneath their qualifications, experience and skill-sets, a lot of accountancy firms in Gillingham will now undertake the task of bookkeeping, due to software developments over the past 10 years. For many accounting firms it is now common practice to charge a fixed fee for bookkeeping services, to keep them commensurate with the usual charges of an independent bookkeeper in Gillingham. As it gives a broader range of competition within the industry, this is good news for small business owners in Gillingham, making the cost of their bookkeeping much more affordable than it previously was.

When looking at the main difference between an accountant and a bookkeeper, it's the standard of training that is necessary for each discipline. An accountant will typically a least hold an accounting degree with additional training in the field of taxation and other business and fiscal management. Although bookkeepers in Gillingham will certainly have an understanding of these fiscal disciplines, they might not necessarily hold the qualifications or levels of experience and training in this field.

A BOOKKEEPER'S RESPONSIBILITIES

The act of bookkeeping in the simplest of terms, is to record the day to day transactions of any enterprise or business in Gillingham. This is likely to include, but is in no way limited to;

  • VAT recording and submissions.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Monthly reconciliation and reporting.
  • Payroll services.
  • Recording of all financial incomings; including card, cash and electronic payments.
  • Documenting invoices received and ensuring payment is completed by the due date.
  • Billing of clients for goods or work completed.
  • Ensuring double-entry bookkeeping and accounting practices are implemented.
Bookkeeping Gillingham UK (01634)

While it is dependent on the kind of service you are looking for, if you're willing to carry out the bulk of bookkeeping work yourself, a bookkeeper may only be needed to periodically double-check your figures. At the bare minimum this should be every month, to facilitate the quick identification and correcting of any mistakes or problems. This might be the most cost-effective trade-off, providing that you are confident of staying in control of your financial transactions without compromising your everyday business activities.

Whatever the circumstances are with your small business, if you are currently considering hiring a bookkeeper in Gillingham, it is fairly likely that you may be fretting over the process of financial recording and tax returns. A good bookkeeping company will be able to provide advice on everything from stocktaking, producing expense reports and invoicing, to linking your business accounts with the latest software program to enable the seamless processing of financial data.

Bookkeeping Enquiries in Gillingham Kent

One of the most crucial elements of good bookkeeping, is the ability to effectively reconcile cash flow with accounts payable. This means that by organising the payment of bills to times when your finances are in good shape, your bookkeeper will avoid the mistake that most small businesses in Gillingham are guilty of i.e. paying an outstanding bill right away, or waiting on a final notice. This not only keeps you in the good books of suppliers and those who supply you with services, but also makes certain that your enterprise or business is on a secure financial footing. When you're completely focussed on the smooth running of your business, this is a juggling act that you may find challenging to perform as an individual.

Bookkeeper Near Gillingham Kent

For your small business, or if you are a sole trader, employing a professional bookkeeper in Gillingham, presents you with an opportunity to have a fresh eye cast over your financial situation. It may be that business patterns and trends that you have overlooked will therefore be brought to the fore. It's not uncommon for a bookkeeper to recognise an opportunity or flag up an area where profits are falling. These key performance indicators are crucial in driving growth for any business in Gillingham.

It can often be rather uncomfortable to chase up late payments if your company sends out invoices. Some of that embarrassment can be removed by having an individual outside your normal business situation make that phone call or visit to your customer. A bookkeeper can use legal methods to handle a consistent late or non-payer, and without the need for a claims court proceeding, help to clear up the issue.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

There are some pretty straightforward bookkeeping requirements for sole traders, that are set out in law. This involves retaining all receipts and invoices in relation to the business, and keeping a record of expenditure and income from month to month. Although this may at first sound fairly simple, retaining the expertise of a bookkeeper is still recommended. When working through your Self-Assessment tax returns, a specialist sole trader bookkeeper in Gillingham will be able to give you advice on what your legitimate business expenses are, and make certain these are claimed back from HMRC. This could include bills and rent if you work from home, consumables, items such as computing equipment, advertising expenses and stationery goods. To learn how they can help your small business to prosper and grow, speak to a trusted bookkeeper for more detailed advice.

BOOKKEEPING FOR ONLINE TRADERS

Bookkeeping Services Gillingham

There are some business niches where a specialist bookkeeper might be needed. You will need a bookkeeper in Gillingham who's familiar with multi-currency processing, exchange rate transfers, international and cross-border taxes and online payments, if you operate a store online for instance. Given that the internet does not sleep, if the same store sells goods that you hold or produce then regulating your stock on a 24/7 basis is a huge priority which will have to be addressed.

A virtual office can also be supplied in conjunction with bookkeeping service. This is valuable in allowing a sole trader or online only business to have a telephone service and postal address to provide a physical link with their customer base. If this sort of service could be helpful, it's definitely worth talking about the possibilities, although this option won't be supplied by all bookkeeping companies in Gillingham.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

A certified bookkeeper in Gillingham needn't hold a degree and a lot of qualifications in this field are at Certificate and Diploma level. Although there is a array of bookkeeping courses available online, qualifications can still be obtained through further education colleges and universities, if that is the preferred route.

There are basically two key organisations that provide certification and training for bookkeepers:

Local Bookkeeping Services Gillingham (ME7)

The Association of Accounting Technicians (AAT): With fully trained bookkeepers being able to use the letters AATQB after their name, the Association of Accounting Technicians (AAT) provides advanced qualifications and training. This guarantees a certain standard of service to their customers which is backed up by the association, and allows them to become a certified AAT bookkeeper. To protect the integrity of the AAT membership, an AAT bookkeeper can be subject to tribunal and disciplinary procedures if they have a complaint filed against them or are found to have contravened the code of practice.

The Institute of Certified Bookkeepers (ICB): Keeping their members up-to-date with the latest trends, the Institute of Certified Bookkeepers (ICB) is the largest organisation in the world, providing accreditation to certified bookkeepers, along with reference material and training.

It is possible to check the qualifications of any bookkeeper on the register of ICB or ATT members on their websites. Before hiring the services of any local bookkeeper in Gillingham it's generally a good idea to carry out this check.

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

Book Bookkeeper in Gillingham UK

Bookkeeping services are available in Gillingham and also in nearby places like: Lower Rainham, Rainham, Frindsbury, Chatham, Wigmore, Walderslade, Blue Bell Hill, Brompton, Hempstead, Luton, Wainscott, St Marys Island, Chattenden, Rochester, Hartlip, Wouldham, Grange, together with these postcodes ME7 1BS, ME4 9BA, ME7 1FF, ME4 4EU, ME7 1AY, ME4 3ER, ME7 1DH, ME4 4SP, ME4 4GW, ME7 1HZ. Local Gillingham Bookkeepers will probably have the postcode ME7 and the dialling code 01634. Checking this can confirm that you're accessing locally based bookkeepers. Gillingham sole traders and business owners can utilise these and numerous other related services.

Gillingham Bookkeeper Questions

Gillingham Bookkeeping Questions

In the past month or so I've been analysing the most common questions that people in Gillingham ask regarding bookkeepers. Several of our web visitors mailed in compelling questions that I considered to be worth mentioning here. The ones that I picked out are, Does a bookkeeper need a license? How much is bookkeeping per hour? Can a bookkeeper be held liable? When should I outsource bookkeeping? Should I use a bookkeeper or an accountant? Why is bookkeeping so important? Can anyone do bookkeeping? What makes a good bookkeeper? What are the advantages of an accountant over a bookkeeper? The majority of these questions will have hopefully been answered somewhere on this webpage, if there are any left to be answered a bookkeeping "Q&A" section is the next thing to be implemented. Thanks a lot to Lucas Adams, Clark Ford, Zayan May and Norah Kent, for posing these questions. Relevant contributions were likewise received from Anna Reilly in Blue Bell Hill, Julian Barry in Grange and Kimberly Waite in Hartlip.

Gillingham Bookkeeper Tasks

Bookkeeper Tasks Gillingham

Most bookkeepers in Gillingham will be prepared to provide you with the following accounting and bookkeeping services: letting agent bookkeeping Gillingham, invoice processing, Quickbook bookkeeping in Gillingham, small business bookkeeping, VAT returns Gillingham, cash books, Self-Assessment tax returns in Gillingham, bookkeeping services for charities, cheap bookkeeping services, tax preparation, bookkeeping for retail outlets in Gillingham, bookkeeping for organisations in Gillingham, bookkeeping for pubs, bookkeeping for sole traders, bookkeeping services for restaurants in Gillingham, profit & loss reports Gillingham, bookkeeping services for small business, general bookkeeping services, independent bookkeeping services, Kashflow bookkeeping, bookkeeping for home-based businesses, landlord bookkeeping Gillingham, PAYE & wages, bookkeeping services for limited companies Gillingham, bank reconciliations, cash flow analysis, accounting and bookkeeping services, franchise bookkeeping Gillingham, and more. These are just a small portion of the duties that are accomplished by local bookkeepers. Gillingham providers will be happy to inform you of their whole range of bookkeeping services. If there are additional Gillingham bookkeeper requirements that you need but can't see here, you can mention them on the QUOTE FORM provided. We will be in touch with specifics as soon as we can.

GILLINGHAM BOOKKEEPING QUOTES

Bookkeepers Near Gillingham

Also find: Chatham bookkeepers, St Marys Island bookkeepers, Walderslade bookkeepers, Blue Bell Hill bookkeepers, Wouldham bookkeepers, Rochester bookkeepers, Wainscott bookkeepers, Brompton bookkeepers, Chattenden bookkeepers, Hempstead bookkeepers, Frindsbury bookkeepers, Grange bookkeepers, Wigmore bookkeepers, Luton bookkeepers, Lower Rainham bookkeepers, Hartlip bookkeepers, Rainham bookkeeper and more. Most of these areas are served by local bookeepers. Gillingham businesses and traders can get fees for bookkeeping services by clicking here.

Bookkeeping Services Gillingham

Find a Bookkeeper in Gillingham Here
Gillingham Bookkeeping Services (01634)
  • Gillingham Payroll Services
  • Gillingham VAT Returns
  • Gillingham Bookkeeping Quotations
  • Gillingham Double-Entry Bookkeeping
  • Gillingham Cheap Bookkeeping
  • Gillingham Tax Returns
  • Gillingham Small Business Bookkeeping
  • Gillingham Sole Trader Bookkeeping
  • Gillingham Wages PAYE and CIS
  • Gillingham Bookkeeping Services
  • Gillingham Bank Reconciliations
  • Gillingham Credit Control
  • Gillingham Tax Preparation
  • Gillingham Profit and Loss Reports

Bookkeepers Around Gillingham: People who live in these Gillingham roads and streets have just recently enquired about bookkeeping services - Sunnyfields Close, Solomon Road, Durling Court, The Court Yard, Barton Elms, Childscroft Road, The Platters, Bryony Gardens, Springvale, Sally Port, School Road, Cooden Close, Station Road, Brickfields Business Park, Callis Way, Dunns Lane, Chalfont Drive, Bowridge Hill, Balmoral Gardens, Silton Road, Balmoral Road, Salisbury Avenue, Brookside, Ash Close, Bodiam Close, Dorset Square, Albany Terrace, Albert Road, as well as these Gillingham area postcodes: ME7 1BS, ME4 9BA, ME7 1FF, ME4 4EU, ME7 1AY, ME4 3ER, ME7 1DH, ME4 4SP, ME4 4GW, ME7 1HZ.

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Bookkeeping Jobs Gillingham: Find bookkeeping jobs near Gillingham here: Gillingham Bookkeeping Jobs

Bookkeepers in ME7 area, 01634.

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(This bookkeepers Gillingham content was edited and updated on 26-08-2022)