Bookkeepers Kettering Northamptonshire (NN15): You're entirely responsible for maintaining accurate, "true and fair" accounting and financial records for at least 6 years, if you run a small business, operate an online store or are a sole trader in Kettering, as stated by the Companies Act. Failing to produce these records may leave you faced with thousands of pounds in fines and potentially Company Director disqualification. It can be more cost-effective to employ a professional bookkeeping service or accountant to accomplish this for you, since according to the magazine Accounting Today over 40% of small businesses spend over 80 hours every year doing their accounts, which is a significant time investment, and might be more efficiently spent on your key business activities.
It's high time to get in touch with a bookkeeper in Kettering for advice, if the thought of producing balance sheets, preparing profit, loss and financial statements, writing out ledgers or tracking liabilities and assets brings you feelings of panic.
BOOKKEEPER OR ACCOUNTANT?
A common query that's asked by most people in Kettering is "What is the difference between a bookkeeper and an accountant?" While in past times many accountants considered the task of bookkeeping to be beneath their experience, skill set and qualifications, a lot of accountancy companies in the Kettering area will now undertake bookkeeping, because of huge improvements in software over the past decade. Many accounting firms now have a set rate for bookkeeping services, to keep them commensurate with what a typical bookkeeper in Kettering would routinely charge. This is great news for business owners as it generates a greater variety of competition within the marketplace and can make your bookkeeping costs cheaper than initially thought.
When you're thinking about the differences between a bookkeeper and an accountant, the most notable one is the standard of training that's necessary for each of these disciplines. At least a degree in accounting with specialist training in taxation and other fiscal and business management, will typically be held by an accountant. A bookkeeper in Kettering may not have the same levels of experience and training, or hold these qualifications, but will still have a good understanding of these fiscal skills.
A BOOKKEEPER'S RESPONSIBILITIES
The bookkeeping process put in the simplest of terms, is to record the daily transactions (financial) of any business or enterprise in Kettering. This will include, but is not limited to;
- Highlighting any discrepancies in financial accounts and rectifying them.
- Logging of all financial incomings; including cash, card and electronic payments.
- Making sure that double-entry bookkeeping and accounting practices are observed.
- VAT submissions and recording.
- Monthly reconciliation and reporting.
- Payroll services.
- Billing of clients for goods or work completed.
- Logging the receipt of invoices and making sure payment is completed on time.
Subject to the level of service you require, a bookkeeper might only be needed to double check your figures every so often, if you're happy to carry out the vast majority of bookkeeping work yourself. At the bare minimum this should really be on a monthly basis, to facilitate the swift detection and rectifying of any problems or mistakes. If you're confident of keeping on top of your day to day financial transactions and trading, this trade-off can often be the most affordable compromise.
It is fairly likely that if you're looking to hire a bookkeeper in Kettering, you are currently having problems with the financial recording side of your small business. A professional bookkeeper will be able to assist you in linking your business accounts with the most up-to-date computer software to facilitate the seamless sorting of financial data, and will provide advice on stuff like creating expense reports, stocktaking and invoicing.
Being able to reconcile accounts payable with cash flow, is an especially important aspect of effective bookkeeping. This means that rather than waiting for an overdue notice, which many small businesses in Kettering are guilty of, or paying a bill straight away, your bookkeeper will arrange the payment of bills to a time when your accounts are in good order. This does not just keep you in favour with suppliers and those businesses who supply services to you, but also makes sure that your business or enterprise is financially sound. When you're focussed on the operation of your company, this is a balancing act that can be challenging to perform on your own.
For your small business enterprise, or if you're a sole trader, using an experienced bookkeeper in Kettering, gives you the chance to have an eagle eye cast over your business affairs. This unbiased evaluation can enable them to see business trends and patterns that might have gone unnoticed. A scenario where a keen eyed bookkeeper flags up an area of the business where profits are decreasing, or spots a new opportunity that could prove worthwhile, is not at all an unusual occurrence. Such key performance indicators are vital in enabling growth in any small business in Kettering.
If your business sends out invoices it can often be awkward having to pursue late payments. Some of that awkwardness can be taken away by having a professional outside your business bubble visit your customers or make that phone call. A professional bookkeeper can employ legal techniques to handle a repeating late or non-payer, and without having to resort to court proceedings, help to resolve the issue.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
There are some reasonably uncomplicated sole trader bookkeeping requirements, which are set out in law. In essence, sole traders must keep all receipts and invoices, and keep a record of expenditure and income from month to month. Now, this doesn't sound that hard does it? However, it is still good practice to retain the expert services of a competent bookkeeper to make certain that it is all done properly. Offering advice on what genuine business expenses you are able to claim back, a specialised sole trader bookkeeper in Kettering will deal with HMRC on your behalf. This may include advertising expenses, consumables, rent and bills if working from home, stationery goods and items such as laptops. For more detailed advice, speak to your bookkeeper, and see how they can help your business to thrive and grow in the future.
BOOKKEEPING FOR ONLINE TRADERS IN KETTERING
There are niche areas in bookkeeping where the expertise of a specialist might be necessary. If, for instance, you manage an online store, you'll require a bookkeeper in Kettering who understands international and cross-border taxes, online payments, exchange rate transfers and multi-currency processing. Keeping track of your stock 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 never sleeps, so neither should your bookkeeping software or services.
Together with bookkeeping service, it is also possible to supply a remote virtual office. This is valuable in enabling a sole trader or online only business to have a postal address and telephone service to provide a physical link with their customer base. If this type of service is needed, it is definitely worth talking about the possibilities, although this solution will not be offered by all Kettering bookkeeping companies.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A lot of the bookkeeping qualifications are at Certificate or Diploma level, and it is not necessary for a certified bookkeeper in Kettering to hold an accounting degree. Although there's an ever-growing choice of bookkeeping courses available online, qualifications can still be gained via further education universities and colleges, if that is the preferred route.
Training and certification for bookkeepers is mainly provided by 2 key organisations:
The Association of Accounting Technicians or AAT: Providing a training schedule with advanced qualifications, the Association of Accounting Technicians (AAT), entitles fully trained bookkeepers to use the letters AATQB after their name. This then allows them to become a registered AAT bookkeeper and assures a certain standard of service which is backed by the organisation. To protect the integrity and values of AAT membership, a bookkeeper who is a member of the AAT can be liable to disciplinary and tribunal processes if it's found that they have broken the code of conduct or have had a complaint against them.
The ICB or Institute of Certified Bookkeepers: The largest bookkeeping organisation in the world is the the Institute of Certified Bookkeepers (ICB), and it supplies accreditation to certified bookkeepers, along with reference material and training to keep their members informed about the latest trends and developments.
By visiting their respective websites, you're able to check the register of AAT or ICB members, to verify the accreditations of any bookkeeper. Performing these checks is usually a good idea before actually employing any professional bookkeeper in Kettering.
Bookkeeping services are available in Kettering and also in: Mawsley, Isham, Cransley, Desborough, Warkton, Rushton, Broughton, Rothwell, Barton Seagrave, Little Cransley, Pytchley, Loddington, Burton Latimer, Glendon, Orlingbury, Cranford, and in these postcodes NN15 5HN, NN14 4XY, NN15 5UH, NN15 5JS, NN14 4YY, NN15 5HA, NN15 6AA, NN15 6AE, NN14 4XW, NN15 5HF. Local Kettering Bookkeepers will likely have the telephone dialling code 01536 and the postcode NN15. Verifying this should make sure that you're accessing local bookkeepers. Kettering sole traders and business owners are able to utilise these and many other related services.
Kettering Bookkeeper Tasks
Most bookkeepers in Kettering will be able to provide you with the following bookkeeping services: QUOTE FORM provided. We will get back to you with information as soon as we are able.in Kettering, Self-Assessment tax returns Kettering, accounting and bookkeeping services, cash books, bookkeeping for home-based businesses, tax preparation in Kettering, letting agent bookkeeping Kettering, bookkeeping for pubs, independent bookkeeping services Kettering, accountancy packages, general bookkeeping services, bookkeeping services for tradesmen, bookkeeping services for startups, Quickbook bookkeeping services, partnership returns in Kettering, bookkeeping for charities, bookkeeping services for societies Kettering, tax returns Kettering, bookkeeping services for freelancers, management reports Kettering, bookkeeping services for clubs in Kettering, corporation tax returns in Kettering, bookkeeping services for small business, in Kettering, landlord bookkeeping Kettering, VAT returns, bookkeeping for payroll Kettering, business bookkeeping, Kashflow bookkeeping services Kettering, bookkeeping services for restaurants, and more. These are just some of the duties that are accomplished by local bookkeepers. Kettering providers will inform you of their whole range of services. If there happen to be some other Kettering bookkeeper requirements that you want but cannot see here, you can easily list them on the
Bookkeepers Near Kettering
Also here.: Burton Latimer bookkeepers, Rothwell bookkeepers, Warkton bookkeepers, Loddington bookkeepers, Isham bookkeepers, Little Cransley bookkeepers, Barton Seagrave bookkeepers, Glendon bookkeepers, Desborough bookkeepers, Mawsley bookkeepers, Orlingbury bookkeepers, Cransley bookkeepers, Cranford bookkeepers, Rushton bookkeepers, Pytchley bookkeepers, Broughton and more. All these areas are catered for by local bookeepers. Kettering traders and businesses can get fees for bookkeeping services by clicking
- Kettering Sole Trader Bookkeeping
- Kettering Profit and Loss Analysis
- Kettering Bookkeeping Services
- Kettering Credit Control
- Kettering Tax Preparation
- Kettering PAYE and Wages
- Kettering Tax Returns
- Kettering Self-Assessment Bookkeeping
- Kettering Double-Entry Bookkeeping
- Kettering Small Business Bookkeeping
- Kettering Payroll Services
- Kettering Bookkeeping Estimates
- Kettering VAT Returns
- Kettering Invoice Processing
More Kettering Services: Obviously, when you happen to be in need of a bookkeeper in Kettering, Northamptonshire, you are likely to be in need of all kinds of different services and apart from hosting & cloud services in Kettering, a marketing agency in Kettering, HR consulting in Kettering, financial advice in Kettering, Ecommerce assistance in Kettering, telephone system services in Kettering, business consulting in Kettering, card processing in Kettering, network, database & IT support in Kettering, EPOS in Kettering, website design in Kettering, promotional video production in Kettering, social media marketing in Kettering, an accountant in Kettering, pay per click advertising in Kettering, telemarketing in Kettering, digital marketing services in Kettering, and other different Kettering specialists.in Kettering, Northamptonshire, you may also need
Bookkeepers Around Kettering: People who live in the following streets have just recently enquired about bookkeeping services - Dahlia Road, Beverley Close, Copperfield Close, Daisy Bank Avenue, Saunders Close, Tintern Court, Thirlmere Close, Church View Road, Dalby Close, Sussex Road, Donaldson Avenue, Cotswold Avenue, Britannia Road, Cook Close, Stanley Boddington Court, Duke Street, Conway Drive, Clifton Grove, Chaston Place, Bracken Close, Dene Close, The Gardens, Barnes Close, Slade Crescent, Shakespeare Drive, Alfred Street, Arden Close, Sherwood Drive, Avon Close, Stanier Close, as well as these local Kettering postcodes: NN15 5HN, NN14 4XY, NN15 5UH, NN15 5JS, NN14 4YY, NN15 5HA, NN15 6AA, NN15 6AE, NN14 4XW, NN15 5HF.
If you would like to get local information about Kettering, Northamptonshire click here
Bookkeepers in NN15 area, phone code 01536.
Self-Assessment Tax Returns Kettering - Double-Entry Bookkeeping Kettering - Small Business Bookkeepers Kettering - Small Business Bookkeeping Kettering - Bookkeepers Near Kettering - VAT Returns Kettering - 01536 - Bookkeeper Kettering - Sole Trader Bookkeepers Kettering