Bookkeepers Kettering Northamptonshire (NN15): You are entirely responsible for maintaining "true and fair", accurate financial and accounting records for a minimum of six years, if you operate an online store, own a small business or are a sole trader in Kettering, in accordance with the 2006 Companies Act. You may face a hefty fine, and possibly disqualification as a Company Director, if you cannot produce these records. It is often better to employ a professional accountant or bookkeeping service to accomplish this for you, given that according to Accounting Today over forty percent of small businesses spend at least 80 hours every year on their bookkeeping tasks, which is a substantial investment of time, and might be more efficiently spent on actually running your business.
It's high time to contact a bookkeeper in Kettering for advice, if the thought of filling out ledgers, producing balance sheets, creating profit, loss and fiscal reports or tracking assets and liabilities fills you with a sense of dread.
BOOKKEEPER OR ACCOUNTANT?
The very first question that many people ask is "What exactly is the difference between an accountant and a bookkeeper?" To be honest, due to improvements in software over the past ten years or so many accountancy companies in Kettering will undertake the task of bookkeeping, which was at one time deemed beneath their qualifications, experience and skill set. For many accounting companies it's now common practice to charge a set rate for bookkeeping services, so that they are in line with the usual fees of a typical bookkeeper in Kettering. This makes the cost of bookkeeping cheaper than it previously was, and is great news for small businesses in Kettering since it gives a wider range of competition within this sector.
When looking at the main difference between a bookkeeper and an accountant in Kettering, it's the amount of qualification and training that is necessary for each discipline. Typically holding an accounting degree, a professional accountant will also have had additional training in tax preparation and have qualifications in business and fiscal management. While probably not holding the same financial qualifications, or having this level of training and experience, a bookkeeper in Kettering will undoubtedly have an understanding of all these skills.
RESPONSIBILITIES OF A BOOKKEEPER
The recording of daily transactions of any business enterprise in Kettering, describes the act of bookkeeping in simple terms. This can include;
- Billing of clients for goods or work completed.
- Ensuring accounting and double-entry bookkeeping practices are observed.
- Logging of all financial incomings; card, electronic and cash payments included.
- Monthly reconciliations and reports.
- Logging invoices received and making certain that payment is completed on time.
- Highlighting and rectifying any discrepancies in the financial accounts.
- Payroll services.
- VAT submissions and recording.
If you're prepared to perform the vast majority of your bookkeeping work yourself; a bookkeeper may only be needed to double check your figures every once in a while. To allow for any mistakes or problems to be discovered and amended quickly, this should really be on a monthly basis as a bare minimum. If you are able to stay in control of your day by day trading and financial transactions, this trade-off can often be the most cost-effective option.
It is fairly likely that if you're looking at hiring a bookkeeping company, you are currently getting stressed about the financial recording side of your business in Kettering. To facilitate the seamless arrangement of financial data, a professional bookkeeper will help you to link the most up-to-date software application to your business accounts, and will offer advice on things such as invoicing, preparing expense reports and stocktaking.
The ability to reconcile cash flow with accounts payable, is an extremely important aspect of a good bookkeeper. Which means that your bookkeeper will arrange bill payments to times when your accounts are in good order, instead of paying an outstanding bill straight away, or waiting on an overdue notice, which many small businesses in Kettering are guilty of at some time or other. This not only keeps you in good stead with suppliers and the businesses who supply services to you, but also makes sure that your business or enterprise is financially sound. This is just one of those balancing acts that can be tough to perform when you're inevitably focussed on the streamlined running of your daily business operation.
Having a person who is not connected to the business cast an eye over your financial transactions, is another advantage of employing a qualified bookkeeper in Kettering if you are a sole trader, or for your small business. Business patterns and trends that might have otherwise gone unnoticed may be pinpointed by this sort of dispassionate assessment. A bookkeeper recognising a new opportunity or flagging an area of the business where profits are dropping, is by no means uncommon. Spotting these KPI's (key performance indicators) is vital for driving the growth of any business in Kettering.
If you give out invoices as part of your business operations, needing to pursue a late payment can be fairly humiliating. Some of that embarrassment can be removed by having a professional outside your normal business situation make that telephone call or visit to your customer. There are legal options a bookkeeper can make use of, if you've got a consistent late payer, and these can help to clear up the issue before the situation winds up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal bookkeeping requirements for sole traders, are reasonably straightforward and simple. This involves keeping all invoices and receipts concerning the business, and keeping track of expenditure and income on a monthly basis. It's still recommended to hire the services of a competent bookkeeper, even though this might sound easy. Offering advice on what valid business expenses you may be able to claim back, a professional sole trader bookkeeper in Kettering will look after your dealings with HMRC. This may include items such as computing equipment, bills and rent if working from home, stationery, printer ink and promotional advertising. For more comprehensive advice, chat to your local bookkeeper, and learn how they might help your business to flourish and grow moving forward.
BOOKKEEPING FOR ONLINE TRADERS IN KETTERING
Specialistare often required for specific bookkeeping niches. If online payment procedures, exchange rate transfers, international and cross-border taxes and multi-currency processing are involved, for instance if you manage a store online, you will be wise to hire a bookkeeper in Kettering who's familiar with these practices. As the internet never sleeps, if that same store sells goods you produce or hold then keeping track of your inventory on a 24/7 basis is an important priority which will need to be managed.
In conjunction with bookkeeping services, it's also possible to provide a remote virtual office. Offering a physical link with their customers, this allows an online only business or sole trader to have a phone service and postal address. Although this option might not be supplied by all Kettering bookkeeping businesses, it's definitely worth discussing the possibilities if this is something that's required.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A professional bookkeeper in Kettering does not need to hold a degree and a number of qualifications for the industry are at Diploma or Certificate level. Bookkeeping qualifications can be obtained through further education universities and colleges but there are also an ever-increasing array of online courses available.
There are basically two main organisations that offer certification and training to bookkeepers:
The Institute of Certified Bookkeepers (ICB): The largest bookkeeping organisation on the planet is the the Institute of Certified Bookkeepers (ICB), and it offers accreditation to certified bookkeepers, along with reference material and training to keep their associated members up-to-date with the latest trends.
The AAT or Association of Accounting Technicians: Providing advanced qualifications and a training schedule, the Association of Accounting Technicians (AAT), enables a fully trained bookkeeper to use the letters AATQB. This guarantees a certain standard of service to their customers which is backed by the association, and enables them to become a licensed AAT bookkeeper. To safeguard the integrity and values of the AAT membership, an AAT bookkeeper can be subject to tribunal and disciplinary procedures if a complaint is filed against them or they are found to have breached the code of practice.
The qualifications of any bookkeeper can be verified on the register of ICB or ATT members on their websites. Before you employ any professional bookkeeper in Kettering it is a good idea to implement this check.
Bookkeeping services are available in Kettering and also nearby in: Mawsley, Isham, Glendon, Loddington, Cranford, Little Cransley, Rushton, Orlingbury, Warkton, Pytchley, Cransley, as well as in these postcodes NN14 2ZG, NN15 5AR, NN15 5JY, NN15 5HA, NN15 5NR, NN14 1ZZ, NN15 5BW, NN15 5NN, NN15 5XL, NN15 5EH. Local Kettering bookkeeper services will probably have the postcode NN15 and the telephone dialling code 01536. Verifying this should ensure that you are accessing local bookkeepers. Kettering sole traders and business owners are able to utilise these and lots of other bookkeeping related services.
Franchise bookkeeping Kettering.
Kettering Bookkeeper Questions
Last month I was having a good look at the popular questions that people in Kettering ask in relation to bookkeeping. A few of you have sent in interesting questions that I thought would be relevant to this discussion. The ones which stuck out are, When is single-entry bookkeeping used? What makes a great bookkeeper? What do bookkeeping services charge? What are the benefits to hiring a bookkeeper? How is bookkeeping related to accounting? Does a bookkeeper need a degree? Where can a bookkeeper work? Why is bookkeeping so important? How can a bookkeeper help my business in Kettering? We hope that the majority of these questions have been tackled in the preceding paragraphs, and if that isn't the case we will shortly be introducing a bookkeeping "Q&A" section. Many thanks to Alexander Gibson, Kaleb Dunn, Imran Gallagher and Leah Dale, for posing these great questions. We also got questions from Melody Muir in Warkton, Alexander Irvine in Pytchley and Brooklynn Adamson in Rushton.
Kettering Bookkeeper Tasks
Most bookkeepers in Kettering will be willing to offer you the following bookkeeping and accounting services: professional bookkeeping services, partnership tax returns Kettering, profit & loss reports, QUOTE FORM provided. We will be in touch with information as soon as we can., independent bookkeeping services, credit control in Kettering, Self-Assessment tax returns, mobile bookkeeping services, Xero bookkeeping, bookkeeping prices, Sage bookkeeping services Kettering, franchise bookkeeping Kettering, off-site bookkeeping, invoice processing, Kettering, in Kettering, bookkeeping for home-based businesses Kettering, management accounts, cash books, bookkeeping for retail outlets, tax preparation, bookkeeping services for societies, bookkeeping services for freelancers, general bookkeeping services, maintaining fixed asset registers, Kashflow bookkeeping services, bookkeeping services, landlord bookkeeping Kettering, and more. These are just a small portion of the activities that are conducted by local bookkeepers. Kettering providers will let you know their whole range of bookkeeping services. If there are some other Kettering bookkeeper requirements that you need but don't see here, you can list them on the
Bookkeepers Near Kettering
Also here.: Cransley bookkeepers, Glendon bookkeepers, Pytchley bookkeepers, Mawsley bookkeepers, Little Cransley bookkeepers, Orlingbury bookkeepers, Rushton bookkeepers, Cranford bookkeepers, Warkton bookkeepers, Isham bookkeepers, Loddington and more. The majority of these locations are served by local bookeepers. Kettering businesses can get pricing for bookkeeping services by going
- Kettering Invoice Processing
- Kettering Bookkeeping Price Quotes
- Kettering Double-Entry Bookkeeping
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- Kettering Wages and PAYE
- Kettering Small Business Bookkeeping
- Kettering VAT Returns
- Kettering Payroll Services
- Kettering Tax Preparation
- Kettering Self-Assessment Bookkeeping
- Kettering Credit Control
- Kettering Self-Assessment Tax Returns
- Kettering Cash Flow Management
- Kettering Cheap Bookkeeping
Bookkeepers Around Kettering: People who live in these areas and roads have recently inquired about bookkeeping services - Bells Close, Timpson Close, Beardsley Gardens, Addington Road, Athelstan Road, Stanion Road, Cottesmore Avenue, Bakers Court, Buttermere Close, Southlands, Top Dysons, Spinney Close, Sapphire Close, Breakleys Road, Duchess Close, The Drive, Butchers Lane, Cromwell Close, Causin Close, Blackthorn Close, Ashbrook Close, Trafalgar Road, Bell Hill, Carradale Close, Cottingham Way, Barlow Close, Sterndale Close, Canon Street, as well as the following local Kettering postcodes: NN14 2ZG, NN15 5AR, NN15 5JY, NN15 5HA, NN15 5NR, NN14 1ZZ, NN15 5BW, NN15 5NN, NN15 5XL, NN15 5EH.
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Kettering Bookkeeping Jobs: See bookkeeping jobs near Kettering by going here: Bookkeeping Jobs Kettering
Bookkeepers in NN15 area, and dialling code 01536.
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