Bookkeepers Harwich Essex (CO12): According to the 2006 Companies Act, if you operate an online store, are a sole trader or run a small business in Harwich, you are entirely responsible for keeping "true and fair", accurate financial and accounting records for a minimum of 6 yrs. If you can't produce such records, you may face disqualification as a Company Director and receive thousands of pounds in fines. There's a considerable time investment involved with maintaining these financial records on your own, and it is often better to use a professional accountant or bookkeeping company, since according to the magazine Accounting Today over forty percent of small business owners spend 80 plus hours each year doing their bookkeeping duties.
If the thought of producing balance sheets, tracking assets and liabilities, preparing profit, loss and financial statements or filling out ledgers fills you with terror, then the time has come to contact a bookkeeper in Harwich for advice.
BOOKKEEPER OR ACCOUNTANT?
A frequent question that is asked by most small business owners in Harwich is "Exactly what is the difference between a bookkeeper and an accountant?" The reality is that although in the past the process of bookkeeping, was regarded as beneath the skill-sets, qualifications and experience of an accountant, because of software improvements over the past decade or so, most accountancy companies in Harwich will now undertake bookkeeping. It is common practice for accountancy firms to charge a fixed fee for bookkeeping services based on a dedicated bookkeeper's fee. This is fantastic news for business owners in Harwich as it generates a greater variety of competition within this sector and can make your bookkeeping costs cheaper than previously imagined.
It is essentially the amount of training that is necessary for each discipline, that demonstrates the big difference between a bookkeeper and an accountant in Harwich. At least a degree in accounting with additional training in the field of taxes and other business and financial management, will generally be held by an accountant. While not necessarily having this level of training and experience, or holding the same financial qualifications, a bookkeeper in Harwich will still have a fair grasp of all such procedures.
RESPONSIBILITIES OF A BOOKKEEPER
The bookkeeping process put simply, is to record the daily monetary transactions of any business in Harwich. This is likely to include, but is by no means limited to;
- Recording the receipt of invoices and ensuring that payment is completed punctually.
- Making sure that double-entry bookkeeping and accounting practices are followed.
- Payroll services.
- Logging of all financial incomings; card, electronic and cash payments included.
- VAT recording and submissions.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Billing of customers for goods or work completed.
- Monthly reporting and reconciliations.
If you are prepared to carry out the larger part of your bookkeeping work yourself; a professional bookkeeper may only be needed to double check your records on a fixed schedule. This needs to be on a monthly basis at the bare minimum, since this allows for any mistakes or problems to be uncovered and rectified speedily. This can be the most cost-effective trade-off, so long as it's possible to stay in control of your monetary transactions without affecting your day by day trading operations.
If you're currently looking to hire a bookkeeper in Harwich, whatever your situation, it's a good bet that you may be fretting over your tax and financial procedures. A professional bookkeeping company will be able to help you to link the most suitable software application with your business accounts to facilitate the seamless arrangement of financial data, and will offer advice and guidance on such things as invoicing, generating expense reports and stocktaking.
The efficient reconciliation of accounts payable with cash flow is one of the most important elements of a good bookkeeping service. This means that by scheduling the payment of bills to times when your finances are in good shape, your bookkeeper will avoid the thing that a lot of small businesses are guilty of i.e. paying a bill straight away, or waiting on a final notice. This isn't just to make sure that your business or enterprise is financially sound all the time, but also to keep you in favour with those who provide your services or materials. Sadly, this is just one of those balancing acts that can be difficult to accomplish when you are firmly focussed on the streamlined running of your day to day business operation.
Having a person who is unconnected to the business cast an eye over your financial affairs, is another good thing about using a certified bookkeeper in Harwich if you are a sole trader, or for your small business. Business patterns and trends that you may have disregarded could be pinpointed by this sort of nonpartisan evaluation. It is not unheard of for a bookkeeper to identify an opportunity or flag up an area where profits are falling. Spotting such key performance indicators is essential for the growth and success of any business enterprise in Harwich.
Chasing up late payments can be an uncomfortable scenario for you, if you give out invoices as part of your business operations. By having somebody outside your normal business bubble make that telephone call or visit to your customer, some of that embarrassment can be removed. There are legal procedures that a professional bookkeeper can use, if you are troubled with a repeating late or non-payer, and these can help to resolve the issue before the matter ends up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you're a sole trader, are comparatively straightforward and simple. Essentially, sole traders must keep all receipts and invoices, and keep a record of income and expenditure on a monthly basis. Even though this may initially sound easy, retaining the services of a bookkeeper is still recommended. A specialised sole trader bookkeeper in Harwich will be able to give you advice on what you may be able to claim back from HMRC as business expenses. This could include bills and rent if working from home, advertising expenses, items such as laptops, stationery goods and consumables. Chat to your bookkeeper for more comprehensive advice and learn how they might help your small business to grow and prosper.
BOOKKEEPING FOR ONLINE TRADERS
Certain businesses that operate in niche markets, might need to use a specialist bookkeeper. If, for instance, you run an online store, you will require a bookkeeper in Harwich who understands exchange rate transfers, multi-currency processing, online payments and cross-border and international taxes. Overseeing your inventory on a 24 hours a day basis is also a crucial concern, if that same outlet sells goods that you hold or produce, as I'm sure you'll appreciate the internet does not sleep, so nor should your bookkeeping services and software.
A remote virtual office can also be provided in conjunction with bookkeeping services. This can be handy in allowing an online only business or sole trader to have a telephone service and postal address to offer a physical connection to their customer base. If this sort of service could be useful, it's definitely worth discussing the possibilities, although this option will not be provided by all Harwich bookkeeping businesses.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A number of the bookkeeping qualifications are at Diploma or Certificate level, and it isn't mandatory for a certified Harwich bookkeeper to have an accounting degree. There are a growing choice of courses available online, although qualifications can still be gained via further education universities and colleges.
Certification and training for bookkeepers is mainly provided by 2 organisations:
The Association of Accounting Technicians or AAT: With fully certified bookkeepers entitled to use the letters AATQB, the AAT (Association of Accounting Technicians) provides a training schedule with advanced qualifications. This promises a minimum standard of service to their clients which is backed by the organisation, and entitles them to become a authorised AAT bookkeeper. To safeguard the credibility of the AAT membership, a bookkeeper who's affiliated with the AAT can be subject to tribunal and disciplinary procedures if they are found to have breached the code of practice or have had a complaint against them.
The Institute of Certified Bookkeepers (ICB): Providing accreditation to qualified bookkeepers, together with reference material and training to keep their members up-to-date with the latest trends, the Institute of Certified Bookkeepers (ICB) is the largest organisation of its kind anywhere in the world.
By going to their respective websites, you are able to check the accreditations of any bookkeeper on the register of AAT or ICB members. Before you use the services of any professional bookkeeper in Harwich it's strongly advised to carry out this check.
Bookkeeping services are available in Harwich and also nearby in: Thorpe-le-Soken, Frating, Weeley, Little Oakley, Kirby le Soken, Great Oakley, Bradfield, Little Bentley, Little Bromley, Parkeston Quay, Wrabness, Beaumont, Walton-on-the-Naze, Ramsey, Dovercourt, Lawford, as well as in these postcodes CO12 3LG, CO12 3DP, CO12 3NQ, CO12 3HN, CO12 3NP, CO12 3PT, CO12 3BN, CO12 3HW, CO12 3RL, CO12 3FF. Local Harwich Bookkeepers will most likely have the postcode CO12 and the dialling code 01255. Checking this out will guarantee that you're accessing local bookkeepers. Harwich sole traders and business owners will be able to utilise these and countless other similar services.
Harwich Bookkeeper Tasks
Most Harwich bookkeepers will be ready to provide you with the following accounting and bookkeeping services: bank reconciliation, Kashflow bookkeeping, wages & PAYE, bookkeeping for payroll, landlord bookkeeping Harwich, bookkeeping services for freelancers, personal tax returns Harwich, professional bookkeeping services in Harwich, bookkeeping services for organisations, tax returns Harwich, Self-Assessment tax returns, bookkeeping for tradesmen, bookkeeping services for clubs Harwich, bookkeeping for charities, tax preparation in Harwich, management accounts, bookkeeping services for self-employed people, bookkeeping services for restaurants, franchise bookkeeping Harwich, bookkeeping for home-based businesses, company cash books in Harwich, invoice processing Harwich, payment services, double-entry bookkeeping, bookkeeping prices, Quickbook bookkeeping Harwich, letting agent bookkeeping Harwich, accounting and bookkeeping services, and more. Listed are just a few of the tasks that are conducted by local bookkeepers. Harwich companies will let you know their entire range of services. If there are different Harwich bookkeeper requirements that you need but don't see here, you can list them on the QUOTE FORM provided. We will be in touch with specifics just as soon as we are able.
Harwich Bookkeeper Questions
Over the last few months I have been examining the kinds of questions that people in Harwich ask regarding bookkeepers. A few of you have mailed in important queries that I considered to be worth mentioning. The ones I chose are, Are accountants bookkeepers? What qualifactions are needed to become a bookkeeper? Where can I hire a bookkeeper in Harwich? Who can be a bookkeeper? What are the benefits of a bookkeeping services? How much do bookkeeping services cost? Why is bookkeeping so important? Which is double entry bookkeeping? Does a bookkeeper need insurance? The majority of these questions hopefully have been covered in this blog post, if not we'll shortly be including a bookkeeping "Q&A" feature. My gratitude goes out to Rocco Smith, Marcel Williamson, Braxton Woodward and Rylee Mckenzie, for taking the trouble to put their questions. We were also happy to receive pertinent offerings from Abigail Herbert in Beaumont, Vincent Bowman in Ramsey and Charlotte Terry in Weeley.
Bookkeepers Near Harwich
Also here.: Wrabness bookkeepers, Little Bentley bookkeepers, Thorpe-le-Soken bookkeepers, Beaumont bookkeepers, Dovercourt bookkeepers, Frating bookkeepers, Bradfield bookkeepers, Parkeston Quay bookkeepers, Lawford bookkeepers, Great Oakley bookkeepers, Weeley bookkeepers, Little Oakley bookkeepers, Ramsey bookkeepers, Little Bromley bookkeepers, Walton-on-the-Naze bookkeepers, Kirby le Soken and more. The majority of these locations are covered by local bookeepers. Harwich residents can get quotes for bookkeeping services by clicking
- Harwich Credit Control
- Harwich Cheap Bookkeeping
- Harwich Wages PAYE and CIS
- Harwich Double-Entry Bookkeeping
- Harwich Cash Flow Analysis
- Harwich Sole Trader Bookkeeping
- Harwich Tax Preparation
- Harwich Bookkeeping Quotations
- Harwich Self-Assessment Bookkeeping
- Harwich VAT Returns
- Harwich Accountancy Packages
- Harwich Bookkeeping Services
- Harwich Tax Returns
- Harwich Payroll Services
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Bookkeepers Around Harwich: People living in the following Harwich roads and areas have just recently requested bookkeeping services - Beach Road, Ainger Road, Southall Cottages, Deepdale Road, St Edmunds Close, Sweden Close, Beryl Road, Cook Close, Shaftesbury Avenue, De Vere Way, Albert Street, Allfields, Clayton Road, Shackleton Close, Deanes Close, Trafalgar Yard, The Avenue, The Green, Colchester Road, The Dales, Second Avenue, The Quay, The Close, Beacon Hill Avenue, Briardale Avenue, Currents Lane, Crown Lane, Stones Green Road, as well as the following Harwich area postcodes: CO12 3LG, CO12 3DP, CO12 3NQ, CO12 3HN, CO12 3NP, CO12 3PT, CO12 3BN, CO12 3HW, CO12 3RL, CO12 3FF.
To obtain local Harwich information check here
Harwich Bookkeeping Jobs: Browse bookkeeping jobs near Harwich by clicking here: Bookkeeping Jobs Harwich
More Essex Bookkeepers: More Loughton, Waltham Abbey, Walton-on-the-Naze, Chigwell, South Ockendon, Pitsea, Writtle, Burnham-on-Crouch, Brightlingsea, Holland-on-Sea, Great Baddow, Colchester, Southend-on-Sea, Upminster, Dagenham, Romford, Parkeston, Laindon, South Benfleet, Westcliff-on-Sea, Manningtree, Buckhurst Hill, Barking, Maldon, Witham, Chafford Hundred, Southchurch, Rayleigh, Shoeburyness, Chipping Ongar, Hornchurch, Great Dunmow, Ilford, Braintree, Harwich, Saffron Walden, Halstead, Galleywood, North Weald Bassett, Hullbridge, Harlow, Chelmsford, Hadleigh, Hockley, Canvey Island, Epping, West Mersea, Purfleet, Hawkwell, Grays, Leigh-on-Sea, Clacton-on-Sea, Rochford, Wivenhoe, Brentwood, Southminster, Billericay, West Thurrock, Danbury, Coggeshall, Tilbury, Langdon Hills, Tiptree, Corringham, Chingford, Stansted Mountfitchet, Wickford, South Woodham Ferrers, Frinton-on-Sea, Basildon, Great Wakering, Rainham, Ingatestone, Heybridge, Stanford-le-Hope, Stanway.:
Bookkeepers in CO12 area, phone code 01255.
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