Bookkeepers Houghton Regis Bedfordshire (LU5): Irrespective of whether you run an online store, own a small business or are a sole trader in Houghton Regis, you are entirely responsible for keeping accurate, "true and fair" accounting and financial records for at least 6 yrs as stated by the 2006 Companies Act. Failing to produce these records may leave you facing a hefty fine and perhaps Company Director disqualification. You can complete these financial records on your own behalf, yet when you consider that according to Accounting Today magazine over forty percent of small business owners spend eighty hours plus annually on their bookkeeping, it can pay you to employ a professional accountant or bookkeeper.
The time has come to contact a bookkeeper in Houghton Regis for advice, if you're filled with a sense of dread just thinking about compiling balance sheets, preparing profit, loss and fiscal reports, writing out ledgers or tracking liabilities and assets.
BOOKKEEPER OR ACCOUNTANT?
For many small business owners in Houghton Regis, the first question that springs to mind when faced with this predicament is "What exactly is the difference between an accountant and a bookkeeper?" The reality is that although in the past the process of bookkeeping, was looked at as beneath the skill-sets, qualifications and experience of an accountant, due to significant improvements in software over the past decade or so, a lot of accountancy firms in Houghton Regis will now undertake bookkeeping tasks. For many accounting companies it's now common practice to charge a flat rate for bookkeeping services, so that they are in line with the normal charges of a dedicated bookkeeper in Houghton Regis. Business owners in Houghton Regis are now cashing in on this, because it generates a wider range of competition within the industry and can make the cost of bookkeeping more affordable than it would previously have been.
It is essentially the level of training that is required for each discipline, that demonstrates the big difference between an accountant and a bookkeeper in Houghton Regis. At least an accounting degree with further training in the field of taxes and other financial and business management, will typically be held by an accountant. Whilst not necessarily having this level of training and experience, or holding the same financial qualifications, a bookkeeper in Houghton Regis will have a decent understanding of all these disciplines.
A BOOKKEEPER'S RESPONSIBILITIES
In the simplest of terms, the bookkeeping process involves the recording of day to day transactions (financial) of any business or enterprise in Houghton Regis. This could include, but isn't limited to;
- Highlighting any discrepancies in financial accounts and rectifying them.
- Payroll services.
- VAT submissions and recording.
- Recording of all financial incomings; electronic, cash and card payments included.
- Ensuring double-entry bookkeeping and accounting practices are followed at all times.
- Monthly reports and reconciliation.
- Billing of clients for goods or work completed.
- Logging the receipt of invoices and ensuring that payment is completed punctually.
Depending on service level you are looking for, e.g. you are in a position to perform the bulk of your bookkeeping work; a bookkeeper may only be necessary for double-checking your accounts on a set schedule. As a bare minimum this needs to be each month, to enable the swift detection and rectifying of any problems or mistakes. This could be an extremely cost-effective trade-off, providing you're confident of keeping in control of your monetary transactions without compromising your day to day trading duties.
Whatever the circumstances are with your company or small business, if you are seriously looking at hiring a bookkeeping firm in Houghton Regis, there's a fair chance that you might be getting stressed about the process of financial records and tax returns. Offering guidance and advice on everything from producing expense reports, stocktaking and invoicing, a decent bookkeeping company will also be able to guide you through the process of linking your business accounts with the most up-to-date computer software to facilitate the seamless processing of your business's transaction information.
Being able to reconcile cash flow with accounts payable, is an especially crucial aspect of effective bookkeeping. Which means that your bookkeeper will arrange bill payments to a time when your finances are in the best possible position, rather than paying a bill right away, or waiting on an overdue notice, which a lot of small businesses in Houghton Regis are guilty of at some time or other. This isn't only to make sure that your business or enterprise is on a secure financial footing all the time, but also to keep you in the good books of those people who supply you with services or materials. This is just one of those juggling acts that can be challenging to accomplish when you are completely focussed on the smooth running of your daily business operations.
If you are a sole trader, or run a small business, using a qualified bookkeeper in Houghton Regis, also gives them the opportunity to cast an impartial eye over the financial dealings of your business. This objective assessment can allow them to notice business patterns and trends that you might have overlooked. It's not at all uncommon for an astute bookkeeper to flag an area where profits are falling, or spot an opportunity which may prove lucrative. It's vital for the success and growth of any enterprise in Houghton Regis, to spot such key performance indicators (KPI's).
Pursuing a late payment can be an humiliating situation for you, if you send out invoices as part of your business operations. If that telephone call or visit to your customers is carried out by an individual from outside your normal business bubble, it is possible for some of that embarrassment to be removed. To help with resolving the matter, if you have problems with a repeating late payer, there are procedures that can be used by a bookkeeper, so that court proceedings can be averted.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you are a sole trader, are pretty straightforward and simple. It's required that sole traders must track income and expenditure on a month by month basis and save all receipts and invoices. Now, this does not sound too difficult does it? But, it's still a wise move to hire the expertise of a bookkeeper to make certain that it is all done properly. Offering advice on what genuine business expenses you may be able to claim back, a specialised sole trader bookkeeper in Houghton Regis will deal with HMRC on your behalf. This may include bills and rent if working from home, promotional advertising, printer ink, items such as laptops and stationery goods. To see how they can help your small business to grow, chat to your bookkeeper for more in-depth advice and guidance.
BOOKKEEPING FOR ONLINE TRADERS IN HOUGHTON REGIS
Certain business enterprises that work in niche markets, might need to hire a specialised bookkeeping service. For instance, if you run an online store, you will be wise to employ a bookkeeper in Houghton Regis who's familiar with multi-currency processing, online payment procedures, exchange rate transfers and international and cross-border taxes. Controlling your stock on a 24/7 basis is also a massive concern, if the same shop sells goods that you hold or produce, as I'm sure you are aware the internet never sleeps, so neither should your bookkeeping services and software.
A remote virtual office can also be provided in combination with your bookkeeping service. This can be beneficial 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. It's definitely worth talking about this possibility if it is something that could benefit you, although not all Houghton Regis bookkeeping businesses will offer this service.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
It's not mandatory for a certified bookkeeper in Houghton Regis to hold a university degree, and a lot of the bookkeeping industry qualifications are held at Certificate and Diploma level. Bookkeeping qualifications can be gained via further education universities and colleges but there is also a choice of courses offered online.
Certification and training for bookkeepers is mainly provided by two organisations:
The Institute of Certified Bookkeepers or ICB: Keeping their associated members up-to-date with the latest trends, the ICB or Institute of Certified Bookkeepers is the largest bookkeeping organisation on the planet, providing certification for bookkeepers, in addition to training and reference material.
The Association of Accounting Technicians or AAT: Providing a training schedule with advanced qualifications, the AAT or Association of Accounting Technicians, enables a fully certified bookkeeper to use the letters AATQB after their name. This assures a minimum level of service to their customers which is backed up by the association, and allows them to become a approved AAT bookkeeper. To safeguard the integrity of the AAT membership, a bookkeeper who's associated with the AAT can be liable to tribunal and disciplinary procedures if a complaint is made against them or they are found to have contravened the code of conduct.
By visiting their respective websites, it is possible to determine the qualifications of any bookkeeper on the register of AAT or ICB members. Undertaking such checks is generally advisable before you actually hire any bookkeeper in Houghton Regis.
Bookkeeping services are available for those living in in Houghton Regis and also nearby in: Billington, Totternhoe, Sundon, Tebworth, Eddlesborough, Eggington, Chalton, Leagrave, Eaton Bray, Harlington, Hockliffe, Stanbridge, Tilsworth, Wingfield, as well as in these postcodes LU5 5HB, LU5 5NB, LU5 5DD, LU5 5JB, LU5 5BE, LU5 5BF, LU5 5NQ, LU5 5HJ, LU5 5AT, LU5 5DG. Local Houghton Regis Bookkeepers will probably have the phone code 01582 and the postcode LU5. Checking this will ensure that you're accessing local bookkeepers. Houghton Regis sole traders and business owners are able to utilise these and many other bookkeeping related services.
Franchise bookkeeping Houghton Regis.
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Houghton Regis Bookkeeper Tasks
Most bookkeepers in Houghton Regis will be prepared to offer you the following bookkeeping services: management accounts in Houghton Regis, maintaining fixed asset registers Houghton Regis, invoice processing, payment services Houghton Regis, bookkeeping for charities, charity bookkeeping Houghton Regis, Sage bookkeeping, bookkeeping for sole traders, bookkeeping for home-based businesses Houghton Regis, bookkeeping for societies, QUOTE FORM provided. We'll be in touch with information just as soon as we are able., credit control Houghton Regis, general bookkeeping services in Houghton Regis, professional bookkeeping services, bookkeeping services for clubs, corporation tax returns Houghton Regis, payroll bookkeeping, Houghton Regis, bookkeeping estimates, management reports, bookkeeping services for restaurants, bookkeeping for startups, independent bookkeeping services Houghton Regis, company cash books, bank reconciliations, profit & loss reports, Quickbook bookkeeping services, off-site bookkeeping, and more. These are just an example of the tasks that are handled by local bookkeepers. Houghton Regis professionals will be happy to tell you about their entire range of services. If there are some other Houghton Regis bookkeeper requirements that you want but can't see here, you can list them on the
Bookkeepers Near Houghton Regis
Also here.: Totternhoe bookkeepers, Tebworth bookkeepers, Stanbridge bookkeepers, Hockliffe bookkeepers, Eaton Bray bookkeepers, Billington bookkeepers, Leagrave bookkeepers, Eggington bookkeepers, Chalton bookkeepers, Tilsworth bookkeepers, Sundon bookkeepers, Wingfield bookkeepers, Harlington bookkeepers, Eddlesborough and more. All of these villages and towns are catered for by local bookeepers. Houghton Regis businesses and traders can get fees for bookkeeping services by clicking
- Houghton Regis Sole Trader Bookkeeping
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- Houghton Regis Payroll Services
- Houghton Regis Self-Assessment Bookkeeping
- Houghton Regis Credit Control
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- Houghton Regis VAT Returns
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- Houghton Regis Self-Assessment Tax Returns
- Houghton Regis Double-Entry Bookkeeping
- Houghton Regis Invoice Processing
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- Houghton Regis PAYE and Wages
- Houghton Regis Profit and Loss Reports
Bookkeepers Around Houghton Regis: People living in these Houghton Regis streets and roads have recently inquired about bookkeeping services - Drury Close, Balmoral Road, Kensington Close, Gilpin Close, Bromley Gardens, Halley's Way, Hillborough Crescent, Henley Close, Arnald Way, Pastures Way, Portland Ride, Watling Place, Dolphin Drive, Bankside Close, Conway Close, Roslyn Way, All Saints Road, Churchfield Road, Park Avenue, Dunstable Road, Sundon Road, Conquest Road, Hayley Court, Crossways, Leaf Road, Cumbria Close, Mill Road, Vanbrugh Drive, as well as these local Houghton Regis postcodes: LU5 5HB, LU5 5NB, LU5 5DD, LU5 5JB, LU5 5BE, LU5 5BF, LU5 5NQ, LU5 5HJ, LU5 5AT, LU5 5DG.
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Houghton Regis Bookkeeping Jobs: Get bookkeeping jobs in Houghton Regis by going here: Houghton Regis Bookkeeping Jobs
Bookkeepers in LU5 area, 01582.
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