Bookkeepers Gravesend Kent (DA11): You're entirely responsible for keeping "true and fair", accurate accounting and financial records for a minimum of six years, if you operate a small business, run an online store or are a sole trader in Gravesend, in accordance with the Companies Act. Failing to produce these records might leave you faced with thousands of pounds in fines and possible disqualification as a Company Director. Accounting Today magazine says that over forty percent of small business owners spend over eighty hours each year doing their accounts, therefore while you can accomplish these financial records on your own behalf, it is often better to use a professional accountant or bookkeeper to do them for you.
If the idea of creating profit, loss and financial statements, tracking liabilities and assets, producing balance sheets or writing out ledgers fills you with dread, then the time has come to get in touch with a bookkeeper in Gravesend for advice and guidance.
BOOKKEEPER OR ACCOUNTANT?
For many people in Gravesend, an obvious question when faced with this predicament is "Exactly what is the distinction between an accountant and a bookkeeper?" The fact is, due to substantial improvements in software over the past decade many accountancy firms in Gravesend will undertake the task of bookkeeping, which at one time was deemed beneath their qualifications, skill-sets and experience. Many accountancy firms now charge a flat rate for bookkeeping services, to keep them in line with what a dedicated bookkeeper in Gravesend would normally charge. Since it offers a broader range of competition within the industry, this is excellent news for small business owners in Gravesend, making their bookkeeping costs more affordable than they previously were.
When thinking about the big difference between an accountant and a bookkeeper, it is the level of training that is necessary for each of these disciplines. Generally holding an accounting degree, a professional accountant should also have had training in tax preparation and further qualifications in financial and business management. A bookkeeper in Gravesend will have a good grasp of these procedures, but might not necessarily have the same levels of training and experience, or hold these qualifications.
RESPONSIBILITIES OF A BOOKKEEPER
Essentially, the bookkeeping process is the recording of the day by day fiscal transactions of any business in Gravesend. This could include, but is not limited to;
- Documenting invoices received and ensuring that payment is completed punctually.
- Recording of all financial incomings; electronic, card and cash payments included.
- Highlighting and rectifying any discrepancies in financial accounts.
- Making sure that double-entry bookkeeping and accounting practices are implemented.
- Payroll services.
- The billing of customers for work completed or goods.
- Monthly reconciliations and reporting.
- VAT submissions and recording.
Contingent upon service level you require, e.g. whether you're able to undertake the majority of your bookkeeping work; a professional bookkeeper may just be needed to double check your figures every once in a while. As a bare minimum this should be every month, to facilitate the rapid detection and rectification of any problems or mistakes. This could be the most cost-effective trade-off, as long as you are confident of remaining in control of your monetary transactions without impacting on your day to day business operations.
If you're seriously looking to hire a bookkeeping company in Gravesend, whatever your circumstances are, there's a fair chance that you may be struggling with your financial recording procedures. To enable the seamless pull-through of financial data, a good bookkeeping service will help you to link the most suitable software program to your accounts, and will give advice and guidance on such things as creating expense reports, invoicing and stocktaking.
The ability to reconcile accounts payable with cash flow, is an extremely important aspect of effective bookkeeping. 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 a lot of small businesses in Gravesend are guilty of doing i.e. paying a bill straight away, or waiting for an overdue notice. This is not only to make sure that your business is financially secure all the time, but also to keep you in favour with the businesses who provide your services or materials. Regrettably, this is one of those juggling acts that can be tough to accomplish when you are firmly focussed on the smooth running of your everyday business operation.
If you're a sole trader, or run a small business, employing a professional bookkeeper in Gravesend, also gives them the opportunity to cast an independent eye over the financial dealings of your business. Business patterns and trends that you might have disregarded may be highlighted by this type of dispassionate evaluation. A bookkeeper spotting a new opportunity or flagging up an area of the business where profits are dropping, is not at all uncommon. For enabling growth in any business enterprise in Gravesend, it is important that such key performance indicators (KPI's) are spotted early on.
If you send out invoices as part of your business operations, needing to pursue late payments can be quite humiliating. Having an individual from outside your business bubble, can take away the embarrassment of visiting your customers or making that phone call. To help deal with the issue, if you've got a persistent late payer, there are legal techniques that can be made use of by a professional bookkeeper, so court proceedings can be avoided.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
As a sole trader the requirements for bookkeeping, as laid out by law, start off fairly straightforward. In essence, sole traders must keep all receipts and invoices, and keep a record of income and expenditure from month to month. It is still a good idea to hire the services of a bookkeeping company, even if this may sound easy. A professional sole trader bookkeeper in Gravesend can advise you on what you're able to claim back from HMRC as genuine business expenses. This could include advertising, items such as computing equipment, consumables, rent and bills if working from home and stationery goods. Talk to a trusted bookkeeper for more in-depth advice and discover how they can help your small business to grow.
BOOKKEEPING FOR ONLINE TRADERS IN GRAVESEND
There are several business niches where a specialist bookkeeping service might be necessary. For instance, if you run a store online, you will need to employ a bookkeeper in Gravesend who is familiar with international and cross-border taxes, exchange rate transfers, multi-currency processing and online payments. If the same outlet sells goods you hold or produce, then supervising inventory on a 24 hours a day basis is a major priority, after all the internet does not sleep, therefore neither should your bookkeeping services and software.
In combination with your bookkeeping service, a virtual office can also be provided. This allows a sole trader or online only business to provide a physical link with their buyers, via a telephone service and postal address. Not all Gravesend bookkeepers will supply this service, but it is worth discussing if it is something that could benefit you.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the qualifications in the bookkeeping sector are at Diploma or Certificate level, and a professional Gravesend bookkeeper need not have a degree. Qualifications can be gained through further education universities and colleges but there is also a growing range of courses available online.
There are basically 2 principal organisations that provide certification and training for bookkeepers:
The ICB or Institute of Certified Bookkeepers: Keeping their associated members up-to-date with the latest trends and developments, the Institute of Certified Bookkeepers (ICB) is the largest organisation of its kind in the world, providing accreditation to certified bookkeepers, along with training and reference material.
The AAT (Association of Accounting Technicians): The Association of Accounting Technicians or AAT provides a training schedule with advanced qualifications enabling a fully certified member to use the letters AATQB. They're then able to become certified AAT bookkeepers, which assures their customers a decent level of service which is backed up by the association. To preserve the credibility of the AAT, an AAT bookkeeper can be subject to disciplinary and tribunal procedures if they have a complaint against them or are found to have broken the code of practice.
By going to their respective websites, it is possible to examine the qualifications of any professional Gravesend bookkeeper on the register of AAT or ICB members. Performing such checks is always a good idea before you actually employ any professional bookkeeper in Gravesend.
Bookkeeping services are available for people living in in Gravesend and also in nearby places like: Milton, Northfleet, Istead Rise, Northfleet Green, Singlewell, Longfield, Cobham, Southfleet, Shorne, Greenhithe, Swanscombe, Hook Green, Stone, Higham, Ebbsfleet, Bean, Denton, Strood, Chalk, and in these postcodes DA11 0SW, DA11 0PT, DA11 0EU, DA11 0HZ, DA11 0JR, DA11 0PA, DA11 0DS, DA11 0XA, DA11 0LP, DA11 0RB. Local Gravesend Bookkeepers will probably have the telephone code 01474 and the postcode DA11. Verifying this can guarantee that you're accessing locally based bookkeepers. Gravesend sole traders and business owners can utilise these and countless other comparable services.
Kent Bookkeeping Enquiries
The latest Kent bookkeeping enquiries: Marshall Blake from Wateringbury, Kent was hunting for a bookkeeper to do his Self-Assessment tax returns. Leena Sadiq from Plaxtol, Kent was enquiring about bookkeeping for her netball club. Billie Mccall from Bridge, Kent was hunting for bookkeeping services for her french lessons business. Toby Lindsay from Bidborough was searching for a bookkeeper for his wedding cake shop. Edison Coll from Bridge was looking for bookkeeping services for his construction company. Riley Wheeldon in Shoreham was interested in bookkeeping for his online business. Zayne Readman from Lenham was trying to find bookkeeping services for his plumbing business. Julius Tang from Densole, Kent was trying to find a bookkeeper for his basketball club. All these local customers conducted a search for "Bookkeepers Kent" and found this website on Bing, Google or Yahoo.
Gravesend Bookkeeper Tasks
Most Gravesend bookkeepers will be able to provide you with the following bookkeeping and accounting services: personal tax returns Gravesend, company cash books in Gravesend, bookkeeping for self-employed people, payment services, bookkeeping services for limited companies, tax returns, invoice processing in Gravesend, Kashflow bookkeeping, cash flow analysis, bookkeeping services for clubs, bookkeeping services for shops in Gravesend, general bookkeeping services, VAT returns, Quickbook bookkeeping services, bookkeeping for pubs, profit & loss reports, bookkeeping services, bookkeeping and accounting services, mobile bookkeeping services, bookkeeping services for restaurants, double-entry bookkeeping in Gravesend, tax return preparation, bookkeeping and accounting, off-site bookkeeping services Gravesend, accountancy packages, bookkeeping services for tradesmen Gravesend, landlord bookkeeping Gravesend, QUOTE FORM provided. We'll get back to you with details just as soon as we can., Sage bookkeeping, management reports, and more. These are just a handful of the duties that are performed by local bookkeepers. Gravesend companies will be delighted to keep you abreast of their whole range of services. If there happen to be additional Gravesend bookkeeper requirements that you want but cannot see here, you can list them on the
Gravesend Bookkeeper Questions
Over the last couple of days I have been looking at the typical questions people in Gravesend ask in regard to bookkeeping. Some of you have mailed in some important queries which are applicable to this blog post. The ones I picked out are, How much do bookkeeping services cost? Why is bookkeeping so important? Should I use an accountant or a bookkeeper? Should a bookkeeper be bonded? What are the benefits of a bookkeeping services? Who can be a bookkeeper? How do bookkeeping services work? How can I get bookkeeper in Gravesend? Can a bookkeeper prepare tax returns? The majority of these questions have hopefully been answered in this article, if there are any left to be answered we'll be including a bookkeeping "Q&A" section before long. Our thanks go to Seth Hughes, Travis Ferguson, Ryder Griffin and Natalia Gould, for taking time out to put these excellent questions. It was also good to get queries from Brooke Smyth in Southfleet, Hudson Forrest in Strood and Anna Seymour in Bean.
Bookkeepers Near Gravesend
Also here.: Northfleet Green bookkeepers, Shorne bookkeepers, Northfleet bookkeepers, Stone bookkeepers, Swanscombe bookkeepers, Singlewell bookkeepers, Higham bookkeepers, Longfield bookkeepers, Hook Green bookkeepers, Bean bookkeepers, Southfleet bookkeepers, Strood bookkeepers, Ebbsfleet bookkeepers, Chalk bookkeepers, Cobham bookkeepers, Milton bookkeepers, Denton bookkeepers, Greenhithe bookkeepers, Istead Rise and more. Most of these locations are covered by local bookeepers. Gravesend residents can get fees for bookkeeping services by clicking
- Gravesend Cheap Bookkeeping
- Gravesend Small Business Bookkeeping
- Gravesend Bookkeeping Price Quotes
- Gravesend Tax Preparation
- Gravesend Self-Assessment Bookkeeping
- Gravesend VAT Returns
- Gravesend Bank Reconciliations
- Gravesend Credit Control
- Gravesend Sole Trader Bookkeeping
- Gravesend Bookkeeping Services
- Gravesend Payroll Services
- Gravesend Profit and Loss Analysis
- Gravesend Double-Entry Bookkeeping
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Bookkeepers Around Gravesend: People who live in these local Gravesend roads and areas have recently requested bookkeeping services - Crayburne, Abbey Road, Stonebridge Road, St Marks Avenue, St Margarets Road, Shrubbery Road, Coulton Avenue, Cob Drive, Cecil Road, Bronte View, Betsham Road, Strand Close, Anglesea Place, Bramley Close, Swillers Lane, Swallowfields, Dover Road, Stony Corner, Canterbury Road, Camer Street, Ashleigh Close, Taunton Road, Church Walk, Tooley Street, Codrington Crescent, Davys Place, The Hill, Ashmore Gardens, The Alma, Carters Row, as well as these Gravesend area postcodes: DA11 0SW, DA11 0PT, DA11 0EU, DA11 0HZ, DA11 0JR, DA11 0PA, DA11 0DS, DA11 0XA, DA11 0LP, DA11 0RB.
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Bookkeeping Jobs Gravesend: Find bookkeeping jobs near Gravesend by going here: Gravesend Bookkeeping Jobs
More Kent Bookkeepers: More Snodland, Sandwich, Hartley, Kingsnorth, Herne Bay, Whitstable, Bearsted, Edenbridge, Canterbury, Rochester, Faversham, New Romney, Minster, Ramsgate, Gillingham, Cranbrook, Walmer, Dover, Margate, Deal, Tenterden, Sittingbourne, Sturry, Swanscombe, Westerham, Dartford, Sheerness, Northfleet, Broadstairs, Swanley, Ashford, Aylesford, Southborough, Folkestone, Paddock Wood, Lydd, Westgate-on-Sea, West Kingsdown, Sevenoaks, Maidstone, Birchington-on-Sea, Tunbridge Wells, Strood, Gravesend, East Malling, Wilmington, Boxley, Chatham, Pembury, Tonbridge, Staplehurst, Meopham and Biggin Hill.:
Bookkeepers in DA11 area, phone code 01474.
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