Bookkeepers Hartley Kent (DA3): For any individual in Hartley who operates an online store, acts as a sole trader or runs a small business, it is their sole responsibility to maintain "true and fair", accurate accounting and financial records for at least 6 years. This is laid out by the Companies Act (2006). If you are unable to produce these records, you may face disqualification as a Company Director and receive a hefty fine. There's a substantial investment of time involved with maintaining these financial recordings on your own behalf, and it can pay to employ a professional accountant or bookkeeper, as according to Accounting Today magazine over 40% of small businesses spend eighty hours plus each year on their bookkeeping.
If you're overcome with a sense of panic just thinking about producing balance sheets, tracking liabilities and assets, writing ledgers or creating profit, loss and financial statements, then the time to get in touch with a bookkeeper in Hartley for guidance and advice has arrived.
BOOKKEEPER OR ACCOUNTANT?
A frequent question that is asked by many small business owners in Hartley is "What is the distinction between a bookkeeper and an accountant?" In former days it was often looked at as to be beneath the skill set, experience and qualifications of an accountant to do bookkeeping, but because of significant software improvements over the past decade, many bookkeeping duties will now be taken on by accounting companies in the Hartley area. A lot of accountancy companies now have a set rate for bookkeeping services, to keep them consistent with what a typical bookkeeper in Hartley would usually charge. This is great news for business owners in Hartley as it generates a wider range of competition within the industry and can make your bookkeeping costs cheaper than previously thought.
It is basically the level of qualification and training that is needed for each discipline, that demonstrates the big difference between an accountant and a bookkeeper in Hartley. Normally holding an accounting degree, a professional accountant should also have had training in tax matters and additional qualifications in business and financial management. A bookkeeper in Hartley may not necessarily have the same levels of training and experience, or hold these qualifications, but will still have a fair grasp of these disciplines.
RESPONSIBILITIES OF A BOOKKEEPER IN HARTLEY
To explain in the simplest of forms, the bookkeeping process involves the careful recording of daily financial transactions of any enterprise or business in Hartley. This will include, but is not limited to;
- Documenting the receipt of invoices and making sure that payment is completed by the due date.
- VAT submissions and recording.
- Making sure that double-entry bookkeeping and accounting practices are followed at all times.
- Recording of all financial incomings; including cash, card and electronic payments.
- Billing of customers for goods or work completed.
- Highlighting and rectifying any discrepancies in the financial accounts.
- Payroll services.
- Monthly reconciliations and reporting.
Depending on service level you require, e.g. whether you are able to carry out the bulk of bookkeeping work; a bookkeeper may only be necessary for double-checking your accounts every once in a while. As a bare minimum this should really be done on a monthly basis, to enable the quick detection and correction of any mistakes or problems. This may be an extremely cost-effective trade-off, providing that you are confident of remaining on top of your monetary transactions without compromising your day to day business operations.
Whatever the scenario is with your company or small business, if you're currently looking at hiring a bookkeeper in Hartley, there is a fair chance that you may be fretting over the process of financial records and tax returns. A professional bookkeeping company will be able to assist you in linking the most up-to-date software application with your business accounts to facilitate the seamless pull-through of financial data, and will provide guidance and advice on things like invoicing, stocktaking and preparing expense reports.
An extremely crucial element of a good bookkeeper is being able to reconcile cash flow with accounts payable. Which means that rather than waiting on a final notice, which many small businesses in Hartley are guilty of, or paying a bill immediately, your bookkeeper will optimise the payment of bills to a time when your accounts are buoyant and in good shape. This isn't only to make sure that your enterprise or business is financially secure all the time, but also to keep you in the good books of those businesses who supply your materials or services. When you are firmly focussed on running your company, this is a juggling act that you may find tough to perform on your own.
Having someone who is unconnected to the business cast an eagle eye over your financial affairs, is another good thing about using a professional bookkeeper in Hartley if you are a sole trader, or for your small business. Business trends and patterns that might have otherwise gone unnoticed could be highlighted by this sort of nonpartisan assessment. It's not at all unheard of for an astute bookkeeper to flag an area which is plummeting in profits, or spot a new opportunity which could prove worthwhile. Spotting these key performance indicators (KPI's) is crucial for enabling growth in any small business in Hartley.
Having to pursue late payments can be a fairly awkward scenario for you, if you send out invoices in your business operations. If that phone call or visit to your clients is done by an independent person outside your normal business situation, it is possible for most of that apprehension to be taken away. If you've got problems with a consistent late payer there are legal options a professional bookkeeper can make use of to help resolve the issue before the situation ends up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
As a sole trader the requirements for bookkeeping, as laid out by law, start off fairly straightforward. A sole trader is required to keep track of expenditure and income from month to month and retain all invoices and receipts. While this may sound simple it is still recommended that you hire the expertise of a competent bookkeeper. When dealing with your tax returns, a specialised sole trader bookkeeper in Hartley will be able to advise you on what your bonafide business expenses are, and claim these back from HMRC each year. This might include rent and bills if working from home, advertising expenses, items such as computers, stationery goods and consumables. For more comprehensive advice, speak to a trusted bookkeeper, and see how they might help your business to thrive and grow in the future.
ONLINE TRADERS IN HARTLEY
Specialisedare sometimes required for specific niches in bookkeeping. If exchange rate transfers, multi-currency processing, online payment procedures and international and cross-border taxes are involved, for instance if you manage a store online, you will want to hire a bookkeeper in Hartley who understands these practices. Given that the internet does not sleep, if that same shop sells goods that you hold or produce then supervising stock on a 24/7 basis is a massive priority which will have to be dealt with.
In combination with your bookkeeping service, a virtual office can also be supplied. This allows a sole trader or online only business to provide a physical connection to their buyers, via a postal address and telephone service. If this kind of service could be useful, it's definitely worth discussing, although this solution will not be offered by all bookkeepers in Hartley.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A professional bookkeeper in Hartley does not need to have a university degree and a great many qualifications in this field are at Diploma or Certificate level. Although there's a variety of online bookkeeping courses available, qualifications can still be gained through further education colleges and universities, if that is the preferred route.
There are 2 key training and certification organisations which represent bookkeepers:
The ICB or Institute of Certified Bookkeepers: Keeping their members up-to-speed with the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest organisation in the world, providing accreditation to qualified bookkeepers, together with reference material and training.
The Association of Accounting Technicians or AAT: The Association of Accounting Technicians (AAT) provides a training schedule with advanced qualifications entitling a fully certified member to use the letters AATQB after their name. They can then become licensed AAT bookkeepers, approved by this well-respected organisation, which guarantees a decent standard of service for their clients. AAT bookkeepers can can be subject to tribunal and disciplinary processes if they have a complaint filed against them or are found to have violated the code of conduct. This helps to safeguard the credibility of the AAT membership.
It is possible to check the qualifications of any professional bookkeeper on the register of AAT or ICB members on their respective websites. It is recommended that you perform this check, before you hire any professional bookkeeper in Hartley.
Bookkeeping services are available for people living in in Hartley and also in: Higham, Horton Kirby, New Ash Green, Vigo, Stanstead, South Darenth, Istead Rise, West Kingsdown, Trottiscliffe, Longfield, Shorne, Cuxton, Meopham, Luddesdown, Ash, Upper Halling, and in these postcodes DA3 8AP, DA3 7EH, DA3 8AA, DA3 8EP, DA3 7RW, DA3 7DU, DA3 8LH, DA3 7DA, DA3 8BH, DA3 7ES. Local Hartley bookkeeper services will most likely have the postcode DA3 and the phone code 01474. Checking this can ensure you access locally based bookkeepers. Hartley sole traders and business owners will be able to benefit from these and various other comparable services.
Bookkeeping Hartley - Outsourcing Options
All businesses in Hartley should understand the significance of bookkeeping. It helps business people monitor the sum total of their liabilities and assets, the money left in their bank account, their payables/receivables, and the like. With the owner of the business having to deal with the issues and concerns of operating a business, the task of carrying out the bookkeeping is often outsourced to freelance bookkeepers or a bookkeeping company in Hartley.
If a company in Hartley hires a bookkeeper in order to join their ranks, the company will need to spend a substantial amount of money in training the person for the purpose of doing the bookkeeping tasks. In addition to that, there is no guarantee that he or she will stay after the training is completed. In that case, the company stands to lose a considerable amount of money. Apart from that, businesses will have to look for ways and means to provide benefits and incentives to keep the employee there. These are a few of the reasons behind business organisations enlisting the services of bookkeeping companies and professional bookkeepers in Hartley.
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 Hartley. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Hartley bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.
The business owner in Hartley can look for the following options with the bookkeeping company that offer outsourcing services. Check and find out how much savings he can enjoy by outsourcing the bookkeeping work. Since the expenses related to hiring and training the in-house staff is a great concern, it would be wise on the part of business owner to focus on an outsourcing company that can offer good savings. Try to get first hand information regarding the systems and methods employed by the company involved in bookkeeping services. It is very much important to get quality accounting services and greater security for your financial data. By quality, one means reliable, precise, and real-time bookkeeping data delivered within the set time. In short, the company that offers bookkeeping services in Hartley should have a well protected system that can be relied on and trusted.
Hartley Bookkeeper Tasks
Most bookkeepers in Hartley will be willing to provide you with the following bookkeeping services: double-entry bookkeeping, letting agent bookkeeping Hartley, accounting and bookkeeping, bank reconciliation, management accounts Hartley, bookkeeping for societies, bookkeeping and accounting services in Hartley, maintaining fixed asset registers, landlord bookkeeping Hartley, charity bookkeeping Hartley, PAYE & wages, franchise bookkeeping Hartley, tax preparation Hartley, management reports Hartley, QUOTE FORM provided. We will get back to you with specifics as soon as we can.in Hartley, mobile bookkeeping services, VAT returns Hartley, bookkeeping services in Hartley, bookkeeping services for restaurants, company cash books in Hartley, invoice processing, bookkeeping services for limited companies, Sage bookkeeping, Kashflow bookkeeping Hartley, Self-Assessment tax returns, bookkeeping rates Hartley, accountancy packages, payment services, independent bookkeeping services Hartley, bookkeeping for home-based businesses Hartley, and more. These are just a selection of the duties that are accomplished by local bookkeepers. Hartley professionals will be delighted to keep you abreast of their entire range of services. If there happen to be additional Hartley bookkeeper requirements that you want but don't see here, you can list them on the
Bookkeepers Near Hartley
Also here.: Cuxton bookkeepers, Upper Halling bookkeepers, Luddesdown bookkeepers, New Ash Green bookkeepers, Vigo bookkeepers, West Kingsdown bookkeepers, Stanstead bookkeepers, Longfield bookkeepers, Shorne bookkeepers, South Darenth bookkeepers, Istead Rise bookkeepers, Ash bookkeepers, Trottiscliffe bookkeepers, Meopham bookkeepers, Higham bookkeepers, Horton Kirby and more. The majority of these areas are served by local bookeepers. Hartley people can get prices for bookkeeping services by going
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Bookkeepers Around Hartley: People living in the following Hartley areas and streets have just recently inquired about bookkeeping services - Merton Avenue, Manor Drive, Springcroft, Manor View, Downs Valley, Manor Lane, Wickhams Way, Broomfields, Larks Field, Chapel Wood Road, Fairby Lane, Northfield, Cherry Trees, Gorsewood Road, Ash Road, Perran Close, Beechlands Close, Briars Way, Hartley Green, Simmonds Drive, Culvey Close, Ash Road, The Parade, Round Ash Way, Castle Hill, Hartley Bottom Road, as well as these local Hartley postcodes: DA3 8AP, DA3 7EH, DA3 8AA, DA3 8EP, DA3 7RW, DA3 7DU, DA3 8LH, DA3 7DA, DA3 8BH, DA3 7ES.
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Bookkeepers in DA3 area, phone code 01474.
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