Bookkeepers Guildford Surrey (GU1): Irrespective of whether you own a small business, run an online store or are a sole trader in Guildford, you're responsible for maintaining "true and fair", accurate accounting and financial records for a minimum of six years according to the 2006 Companies Act. If you're unable to produce such records you may face thousands of pounds in fines and possible Company Director disqualification. You could carry out these financial recordings yourself, but when you think about the fact that according to the trade magazine Accounting Today over forty percent of small businesses spend at least eighty hours per year doing their bookkeeping, it is often better to employ a professional bookkeeping company or accountant.
It is high time to contact a bookkeeper in Guildford for advice and guidance, if the very thought of preparing profit, loss and fiscal reports, compiling balance sheets, writing out ledgers or tracking assets and liabilities fills you with panic.
BOOKKEEPER OR ACCOUNTANT?
A common question that's asked by many people in Guildford is "Exactly what is the difference between a bookkeeper and an accountant?" The truth is that whilst at one time the bookkeeping process, was regarded as beneath the qualifications, experience and skill set of an accountant, due to improvements in software over the past ten years, a lot of accountancy companies in the Guildford area will now consider taking on bookkeeping tasks. To make sure their bookkeeping services are in line with a typical bookkeeper's fee, it's now fairly common for accountancy firms to charge a set rate for these services. This makes the cost of bookkeeping far more affordable than it once was, and is good news for small business owners in Guildford because it offers a greater variety of competition within the marketplace.
When you're considering the differences between an accountant and a bookkeeper in Guildford, the most notable one is the standard of training and qualification that is needed for each discipline. An accountant will, at the minimum, hold a degree in accounting, and will have also had specialist training in financial and business management, and taxes. A bookkeeper in Guildford will definitely have a good grasp of these procedures, but might not hold the qualifications or levels of experience and training.
RESPONSIBILITIES OF A BOOKKEEPER IN GUILDFORD
The recording of day to day monetary transactions of any business enterprise in Guildford, describes the process of bookkeeping in simple terms. This can include, but is not limited to;
- Recording of all financial incomings; including electronic, cash and card payments.
- VAT recording and submissions.
- Making sure that double-entry bookkeeping and accounting practices are followed at all times.
- Payroll services.
- The billing of clients for work completed or goods.
- Highlighting any discrepancies in financial accounts and rectifying them.
- Monthly reports and reconciliation.
- Documenting the receipt of invoices and making certain payment is completed by the due date.
If you are prepared to do a large majority of your bookkeeping work yourself; a professional bookkeeper may only be necessary for double-checking your accounts every once in a while. So any problems or mistakes can be discovered and corrected promptly, at the bare minimum, this should really be done each month. This could be an extremely cost-effective trade-off, provided that it is possible to stay in control of your financial transactions without impacting on your daily trading operations.
If you are currently considering hiring a bookkeeper in Guildford, whatever your situation, it's a good bet that you may be having problems with your tax and financial procedures. A good bookkeeping company will be able to offer advice and guidance on everything from creating expense reports, invoicing and stocktaking, to linking the most suitable software with your accounts to allow the seamless processing of financial data.
The ability to reconcile accounts payable with cash flow, is an extremely important element of a good bookkeeper. Which means that your bookkeeper will schedule the payment of bills to a time when your finances are buoyant and in good order, rather than paying an outstanding bill right away, or waiting on an overdue notice, which most small businesses are guilty of doing. Together with keeping your business enterprise financially stable, this also maintains your good standing with suppliers and companies who provide your business with services. When you are mainly focussed on running your company, this is a juggling act that can be hard to accomplish as an individual.
For your small business enterprise, or if you're a sole trader, using a certified bookkeeper in Guildford, gives you the opportunity to have an unbiased eye cast over your financies. It could be that business patterns and trends that might have gone unnoticed will therefore be highlighted. A bookkeeper identifying an opportunity or flagging up an area where profits are falling, is by no means unusual. Spotting these KPI's (key performance indicators) is vital for the long-term growth of any business enterprise in Guildford.
It can sometimes be rather embarrassing to pursue late payments if your business sends out invoices. If that phone call or visit to your customers is carried out by a person outside your business situation, it's possible for most of that embarrassment to be eliminated. There are legal techniques that a professional bookkeeper can employ, if you have problems with a repeating late payer, and these can help to clear up the issue before the situation ends up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you are a sole trader, are comparatively straightforward and basic. A sole trader is required to keep records of expenditure and income on a month by month basis and keep all invoices and receipts. Whilst this might sound simple enough it is still recommended that you hire the expert services of a bookkeeping company. A specialised sole trader bookkeeper in Guildford can give you advice on what you're able to claim back from HMRC as business expenses. This may include rent and bills if you work from home, items such as laptops, stationery, printer ink and advertising. Talk to your local bookkeeper for more in-depth advice and learn how they might help your small business to grow.
BOOKKEEPING FOR ONLINE TRADERS
Specialisedare required now and again for specific bookkeeping niches. If you manage an online store for example, you will need a bookkeeper in Guildford who understands multi-currency processing, online payments, exchange rate transfers and international and cross-border taxes. If the same shop sells goods that you hold or produce, then monitoring your inventory on a 24/7 basis is a massive concern, after all the internet doesn't sleep, therefore neither should your bookkeeping software or services.
It is also possible to establish a virtual office, which can be utilised together with your bookkeeping service. This allows a sole trader or online only business to have a postal address and phone service to offer a physical connection to their customers. Although this option may not be provided by all Guildford bookkeeping companies, it is definitely worth discussing the possibilities if this is something that's required.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
It is not mandatory for a certified Guildford bookkeeper to hold a university degree, and a good number of the bookkeeping qualifications are held at Diploma or Certificate level. Although there is an ever-increasing variety of bookkeeping courses available online, qualifications can still be gained through further education colleges and universities, if that's the chosen route.
There are basically 2 main organisations that offer training and certification to bookkeepers:
The Association of Accounting Technicians or AAT: Able to use the letters AATQB, a fully trained member of the AAT (Association of Accounting Technicians) will have undergone advanced qualifications and a training schedule in bookkeeping. They can then become registered AAT bookkeepers, backed up by this organisation, which guarantees a decent standard of service for their clients. To protect the values and integrity of the AAT, if an AAT bookkeeper is found to have broken the code of practice or has a complaint against them, they could be subject to disciplinary and tribunal processes.
The Institute of Certified Bookkeepers or ICB: The largest bookkeeping organisation on the planet is the the Institute of Certified Bookkeepers or ICB, and it offers accreditation to qualified bookkeepers, together with reference material and training to ensure their members are up-to-speed with the latest trends and innovations.
By visiting the register of ICB or ATT members on their respective websites, you're able to check the accreditations of any Guildford bookkeeper. Before employing any bookkeeper in Guildford it is a good idea to perform this check.
Bookkeeping services are available for those living in in Guildford and also in nearby places like: Merrow, Woodbridge Hill, Peasmarsh, Compton, Artington, Sutton Green, Onslow Village, Wood Street Village, West Clandon, Farncombe, Bellfields, Burpham, Albury, Stoughton, and in these postcodes GU1 1QU, GU1 1NN, GU1 1EP, GU1 1JZ, GU1 1BD, GU1 1NR, GU1 1DL, GU1 1QH, GU1 1QW, GU1 1PR. Local Guildford bookkeeper services will likely have the postcode GU1 and the telephone dialling code 01483. Checking this out can confirm that you are accessing locally based bookkeepers. Guildford sole traders and business owners can benefit from these and various other comparable services.
Franchise bookkeeping Guildford.
Surrey Bookkeeping Enquiries
The latest Surrey bookkeeping enquiries: Lina Easton needed a bookkeeper for her letting agency located in Peaslake, Surrey. Ali Gibson from Woodhatch asked the question "are there any decent?". Emilia Cheung from Betchworth was asking about bookkeeping services for her hairdressing business. Tommy Mcguinness from Chiddingfold was looking for bookkeeping for his public house. Tymoteusz Wells was searching for Tongham, Surrey. Indi Gordon in Nutfield was enquiring about a bookkeeper for her garment company. Bonnie Horrocks in Tatsfield was trying to find a bookkeeper for her internet sales business. Guy Needham from Tatsfield, Surrey was searching for bookkeeping services for his sports shop. Most of these local clients did a search for "Bookkeepers Surrey" and noticed this web page on Yahoo, Google or Bing.
In the Surrey area you can likewise find: Shamley Green bookkeeping accountants, Sidlow accounts services, Albury bookkeeping, Albury bookkeeping accountants, Sidlow bookkeepers, Netherne on the Hill bookkeeping, West End bookkeepers, Abinger , Hooley bookkeeper, Long Ditton bookkeeper. In every district of Surrey it should be possible to locate bookkeepers who will offer you various services for all your security requirements. If you cannot identify a satisfactory in Guildford itself then you shouldn't have any problem finding a good one somewhere nearby., Fetcham bookkeepers, North Holmwood bookkeepers, Ockley bookkeepers, Send bookkeeping, Shamley Green , Fetcham bookkeeping, Capel bookkeeper, Alfold bookkeeper, Betchworth bookkeepers, Ockley , South Earlswood bookkeeping accountants, Bisley bookkeeping accountants, Lyne accounts services, Ash Vale bookkeepers, Westcott , West Horsley bookkeeping, Shamley Green bookkeepers, Charlwood accounts services, Dunsfold bookkeepers, Capel
Guildford Bookkeeper Tasks
Most Guildford bookkeepers will be prepared to provide you with the following bookkeeping and accounting services: bookkeeping for retail outlets Guildford, QUOTE FORM provided. We'll get back to you with information just as soon as we can.in Guildford, Guildford, bookkeeping services for organisations, small business bookkeeping, off-site bookkeeping services, franchise bookkeeping Guildford, , bookkeeping services for tradesmen in Guildford, Xero bookkeeping services, accountancy packages in Guildford, professional bookkeeping services, Kashflow bookkeeping, bookkeeping services for restaurants, bookkeeping for sole traders Guildford, Sage bookkeeping services, bookkeeping services for freelancers, VAT returns, bookkeeping for pubs Guildford, bookkeeping services for charities, bookkeeping services for limited companies, management reports, letting agent bookkeeping Guildford, bookkeeping for small business, profit & loss reports Guildford, credit control in Guildford, bookkeeping services, company cash books, and more. Listed are just a handful of the tasks that are performed by local bookkeepers. Guildford professionals will keep you informed about their full range of bookkeeping services. If there are different Guildford bookkeeper requirements that you need but can't see here, you can list them on the
Guildford Bookkeeper Questions
A little while back I was having a good look at the popular questions people ask regarding bookkeeping in Guildford. A number of our visitors e-mailed in some helpful queries that might be worth mentioning here. The ones I chose are, Which is double entry bookkeeping? Should I use an accountant or a bookkeeper? How much should bookkeeping cost? When should I outsource bookkeeping? Does a bookkeeper have to be registered? What qualifications does a bookkeeper hold? What are the benefits of a bookkeeper? What are accountant bookkeepers? Why is bookkeeping important? Most of these questions have hopefully been answered somewhere on this page, and if some remain unanswered a bookkeeping "Questions and Answers" section is the next thing on our agenda. A big thank you goes to Wilfred Evans, Raphael Cooke, Wilbur Hewitt and Aurora Sanderson, for sending in these questions. It was also fantastic to receive queries from Lucy Winter in Onslow Village, Kaleb Bateman in Bellfields and Bella Beckett in Woodbridge Hill.
Bookkeepers Near Guildford
Also here.: Farncombe bookkeepers, Albury bookkeepers, Merrow bookkeepers, Onslow Village bookkeepers, Woodbridge Hill bookkeepers, Wood Street Village bookkeepers, Burpham bookkeepers, Peasmarsh bookkeepers, Sutton Green bookkeepers, Compton bookkeepers, West Clandon bookkeepers, Bellfields bookkeepers, Artington bookkeepers, Stoughton and more. Most of these towns and villages are serviced by local bookeepers. Guildford businesses can get quotes for bookkeeping services by clicking
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- Guildford VAT Returns
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Bookkeepers Around Guildford: People who live in these areas and roads have just recently requested bookkeeping services - The Court, The Mews, Beech Grove, Downing Avenue, Sandpit Heath, Deeprose Close, Collingwood Crescent, South Hill, Tychbourne Drive, Thorncombe Street, Ashworth Place, St Thomas's Mews, Stoke Road, Tangier Road, Shackleton Walk, Benbrick Road, Salt Box Road, Baird Drive, Coombe Lane, Burton Drive, Cunningham Avenue, Bellfields Road, The Sells, Broomfield Close, Turnham Close, Cobbetts Close, Brittens Close, Stoke Grove, Abbots Close, Tangley Lane, as well as the following Guildford area postcodes: GU1 1QU, GU1 1NN, GU1 1EP, GU1 1JZ, GU1 1BD, GU1 1NR, GU1 1DL, GU1 1QH, GU1 1QW, GU1 1PR.
To find out local information regarding Guildford, Surrey take a look here
More Surrey Bookkeepers: More Chertsey, Ash, Cranleigh, Ewell, Leatherhead, Walton-on-Thames, Guildford, Redhill, Hersham, Haslemere, Reigate, Windlesham, Epsom, Dorking, Woking, Farnham, Caterham, Weybridge, Godalming, Esher, Horley, Staines, Molesey, Camberley, Banstead, Addlestone and Sunbury-on-Thames.:
Bookkeepers in GU1 area, telephone code 01483.
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