Bookkeepers Lewes East Sussex (BN7): You are responsible for keeping accurate, "true and fair" accounting and financial records for at least six years, if you own a small business, run an online store or are a sole trader in Lewes, to comply with the Companies Act. Failure to produce such records might leave you facing Company Director disqualification, together with a hefty fine. It can be more economical to employ a professional bookkeeping company or accountant to do this for you, as according to Accounting Today magazine over forty percent of small business owners spend at least eighty hours per year on their bookkeeping, which is a considerable investment of time, and may be more effectively spent on your core business activities.
If you are filled with panic simply thinking about producing balance sheets, filling out ledgers, preparing profit, loss and financial statements or tracking liabilities and assets, then the time to get in touch with a bookkeeper in Lewes for help and advice has arrived.
BOOKKEEPER OR ACCOUNTANT?
A frequent question that is asked by many people in Lewes is "Exactly what is the distinction between an accountant and a bookkeeper?" At one time it was typically looked at as to be beneath the qualifications, experience and skill-sets of an accountant to do the work of a bookkeper, however because of massive software improvements over the past ten years, many bookkeeping procedures will now be undertaken by accounting firms in the Lewes area. Most accounting companies now charge a set fee for bookkeeping services, to keep them in step with what a dedicated bookkeeper in Lewes would usually charge. This means the cost of bookkeeping is cheaper than it previously was, and is great news for business owners in Lewes since it offers a broader range of competition within this sector.
The amount of training and qualification required is the biggest difference between a bookkeeper and an accountant. At least a degree in accounting with additional training in the field of taxation and other financial and business management, will generally be held by an accountant. Although possibly not having this level of experience and training, or holding the same financial qualifications, a bookkeeper in Lewes will still have a fair grasp of all these skills.
A BOOKKEEPER'S RESPONSIBILITIES
The bookkeeping process in simple terms, is the recording of the day by day transactions (financial) of any business enterprise in Lewes. This could include;
- Logging the receipt of invoices and ensuring that payment is completed by the due date.
- VAT recording and submissions.
- Documenting of all financial incomings; including card, cash and electronic payments.
- Monthly reports and reconciliation.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Billing of customers for work completed or goods.
- Making sure that accounting and double-entry bookkeeping practices are observed.
- Payroll services.
While it depends on the type of service you're interested in, if you're prepared to carry out a large majority of your own bookkeeping work, a bookkeeper may just be needed to double check your records periodically. This should really be done from month to month at the bare minimum, as this allows for any problems or mistakes to be discovered and amended promptly. So long as you're confident of keeping up-to-date with your monetary transactions without having a negative impact on your everyday business activities, this trade-off can be the most economical solution.
Whatever your situation, if you are looking at hiring a bookkeeper in Lewes, it is a good bet that you may be stressed with the financial recording aspects of your small business. A professional bookkeeping company will be able to give guidance and advice on everything from invoicing, preparing expense reports and stocktaking, to linking the most up-to-date computer software with your accounts to enable the seamless pull-through of financial data.
An especially crucial aspect of a good bookkeeper is being able to reconcile cash flow with accounts payable. Which means that your bookkeeper will organise bill payments to a time when your finances are in good order, instead of paying a bill immediately, or waiting on an overdue notice, which most small businesses are guilty of. Together with keeping your business enterprise financially stable, this also maintains your good standing with service providers and suppliers. When you're firmly focussed on running your business, this is a juggling 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 Lewes, gives you an opportunity to have an eagle eye cast over your business affairs. It could be that business trends and patterns that you have overlooked will therefore be brought to the fore. It's not at all unusual for a clever bookkeeper to flag an area which is dropping off in profits, or spot a brand new opportunity that could prove worthwhile. For driving the growth of any small business in Lewes, it is important that these key performance indicators are spotted as early as possible.
It can sometimes be quite embarrassing to pursue late payments if your company sends out invoices. If that phone call or visit to your customers is done by an individual outside your normal business bubble, it is possible for some of that awkwardness to be taken away. There are legal techniques that a professional bookkeeper can employ, if you've got problems with a consistent late or non-payer, and these can help to resolve the situation before the issue winds up in a claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The bookkeeping requirements for a sole trader, as set out in law, are relatively uncomplicated and easy to understand. This involves retaining all invoices and receipts concerning the business, and keeping track of expenditure and income from month to month. Now, this doesn't sound too tough does it? Yet, it's still recommended that you retain the expert services of a competent bookkeeper to make certain that it is all done correctly. Offering advice on what bonafide business expenses you may be able to claim back, a professional sole trader bookkeeper in Lewes will deal with HMRC on your behalf. This might include advertising expenses, bills and rent if working from home, printer ink, items such as laptops and stationery goods. To learn how to help your business grow, speak to your bookkeeper for more detailed advice.
BOOKKEEPING FOR ONLINE TRADERS
Some businesses that work in niche markets, may need to employ a specialist bookkeeping service. You're going to need a bookkeeper in Lewes who understands exchange rate transfers, multi-currency processing, online payments and cross-border and international taxes, if you manage an online store for instance. If you hold or produce the merchandise that you sell with that outlet, then it's going to be an important concern for your bookkeeping software or services to monitor your inventory on a 24/7 basis, given that the internet doesn't sleep.
A remote virtual office can also be supplied together with your bookkeeping service. This is beneficial in enabling a sole trader or online only business to have a postal address and telephone service to offer a physical connection to their client base. If this sort of service could be helpful, it's certainly worth discussing the possibilities, although this option won't be provided by all bookkeeping businesses in Lewes.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A qualified bookkeeper in Lewes needn't hold a university degree and a lot of qualifications for the industry are at Certificate and Diploma level. Although there's an ever-growing array of online bookkeeping courses available, qualifications can still be gained through further education colleges and universities, if that's the chosen route.
Certification and training for bookkeepers is mainly provided by two organisations:
The Association of Accounting Technicians or AAT: Providing advanced qualifications and a training schedule, the Association of Accounting Technicians (AAT), enables fully certified bookkeepers to use the letters AATQB. They can then become accredited AAT bookkeepers, backed up by this respected organisation, which promises a minimum standard of service for their customers. If an AAT bookkeeper is found to have breached the code of conduct or has a complaint filed against them, they will be liable to tribunal and disciplinary processes to protect the values and integrity of aat membership.
The Institute of Certified Bookkeepers (ICB): The Institute of Certified Bookkeepers (ICB) is the largest in the world and supplies certification for bookkeepers, in addition to reference material and training to keep their associated members up-to-speed with the latest trends.
By viewing the register of AAT or ICB members on their websites, you're able to inspect the accreditations of any Lewes bookkeeper. Before hiring any local bookkeeper in Lewes it is advised to perform this check.
Bookkeeping services are available for people living in in Lewes and also nearby in: Glynde, Ovingdean, Glyndebourne, Offham, Falmer, Burgess Hill, Stoneham, Wallands Park, Sout, Ringmer, Laughton, Southerham, Barcombe, South Malling, Southease, Cooksbridge, Isfield, Woodingdean, and in these postcodes BN7 1DX, BN7 1HU, BN7 1RL, BN7 1PH, BN7 1JR, BN7 1ST, BN7 1NL, BN7 1BL, BN7 1BB, BN7 1PZ. Local Lewes Bookkeepers will most likely have the telephone code 01273 and the postcode BN7. Checking this out will confirm that you're accessing local bookkeepers. Lewes sole traders and business owners will be able to benefit from these and lots of other comparable services.
Outsourced Bookkeeping Lewes
All businesses in Lewes should understand the significance of bookkeeping. It helps business people monitor the money left in their bank account, the sum total of their assets and liabilities, their incomings and outgoings, and the like. With the business owner having to deal with a lot of concerns and issues while operating a business, the task of carrying out the bookkeeping is often outsourced to a bookkeeping company or freelance bookkeepers in Lewes.
If a company in Lewes 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 Lewes.
Bookkeeper East Sussex
In the East Sussex area you can also get: Salehurst bookkeeping accountants, Jevington accounts services, Hollington bookkeeping accountants, Salehurst bookkeeper, Chiddingly bookkeepers, Herstmonceux bookkeeping, Framfield bookkeepers, Hurst Green bookkeeper, North Chailey bookkeeping accountants. All around East Sussex you should be able to find bookkeepers who will offer high quality services for all your security needs. If you're unable to identify the right in Lewes itself then you should not have any trouble finding a good one somewhere nearby., Icklesham bookkeeping, South Heighton bookkeeping accountants, Jevington bookkeepers, Wadhurst bookkeeper, Battle , Frant bookkeeping accountants, Wivelsfield bookkeeping services, Rottingdean bookkeeping accountants, Peacehaven bookkeeping, Camber , Ditchling accounts services, Hollington bookkeeper, Burwash bookkeeping, Mayfield accounts services, Fletching , Alfriston bookkeeping accountants, Hellingly bookkeeping accountants, Beckley bookkeepers, Rottingdean bookkeeping, Woodingdean
Lewes Bookkeeper Tasks
Most bookkeepers in Lewes will be prepared to provide you with the following bookkeeping and accounting services: accountancy packages in Lewes, bookkeeping for freelancers, QUOTE FORM provided. We will be in touch with details just as soon as we can.in Lewes, letting agent bookkeeping Lewes, cash books in Lewes, tax return preparation, Quickbook bookkeeping services, invoice processing Lewes, Sage bookkeeping, bookkeeping services for clubs, charity bookkeeping Lewes, bookkeeping services for organisations, corporation tax returns, mobile bookkeeping services, bookkeeping services for restaurants, personal tax returns Lewes, general bookkeeping services, bookkeeping services for pubs, bookkeeping services for shops in Lewes, cash flow analysis, Kashflow bookkeeping, independent bookkeeping services, management reports, Xero bookkeeping Lewes, VAT returns in Lewes, franchise bookkeeping Lewes, small business bookkeeping, bookkeeping services for tradesmen Lewes, credit control in Lewes, bookkeeping for small business, and more. These are just some of the activities that are carried out by local bookkeepers. Lewes providers will be happy to inform you of their whole range of bookkeeping services. If there happen to be different Lewes bookkeeper requirements that you want but cannot see here, you should mention them on the
Lewes Bookkeeper Questions
In recent days I have been taking a look at the types of questions people ask about bookkeeping in Lewes. Many of our visitors e-mailed in some reasonable questions that may be relevant to this article. The ones I singled out are, How much do bookkeepers charge per hour? How can bookkeeping help your business? What are the benefits to hiring a bookkeeper? Does a bookkeeper need a license? When is single-entry bookkeeping used? How is bookkeeping different from accounting? Where can a bookkeeper work? What makes a great bookkeeper? What qualifactions are needed to become a bookkeeper? The vast majority of these questions will have hopefully been answered in the preceding paragraphs, if not we'll shortly be adding a bookkeeping "Q&A" section. We are grateful to Corey Morris, Carson Davidson, Tomasz Allan and Lydia Johnstone, for submitting these great questions. We also got questions from Alana Collier in Cooksbridge, Diego Mcintosh in Offham and Brooke Moody in Isfield.
Bookkeepers Near Lewes
Also here.: Barcombe bookkeepers, Burgess Hill bookkeepers, Woodingdean bookkeepers, Glynde bookkeepers, Falmer bookkeepers, Isfield bookkeepers, Cooksbridge bookkeepers, Laughton bookkeepers, Sout bookkeepers, Offham bookkeepers, South Malling bookkeepers, Stoneham bookkeepers, Wallands Park bookkeepers, Ovingdean bookkeepers, Southease bookkeepers, Glyndebourne bookkeepers, Ringmer bookkeepers, Southerham and more. All of these areas are covered by local bookeepers. Lewes people can get rates for bookkeeping services by going
- Lewes Cash Flow Analysis
- Lewes Credit Control
- Lewes PAYE and Wages
- Lewes Bookkeeping Price Quotes
- Lewes Payroll Services
- Lewes Cheap Bookkeeping
- Lewes Tax Preparation
- Lewes Profit and Loss Reports
- Lewes Sole Trader Bookkeeping
- Lewes Double-Entry Bookkeeping
- Lewes Self-Assessment Bookkeeping
- Lewes Tax Returns
- Lewes Bookkeeping Services
- Lewes VAT Returns
Bookkeepers Around Lewes: People living in these streets and roads have just recently requested bookkeeping services - Brickhurst Lane, Boughey Place, Bishops Drive, The Flints, Barcombe Mills Road, Baxter Road, Stamford Buildings, Springett Cottages, Stoneham Close, Castle Lane, Broyle Lane, Trevor Gardens, Appledene Corner, Bull Lane, Coppernets, Coldharbour Lane, Dunvan Close, Cuilfail, Setfords Field, De Warrenne Road, Downs View, Ashtonville Close, Dale Road, Broomans Lane, Bridgewick Close, School Gardens, Bank Cottages, Springett Avenue, as well as these Lewes area postcodes: BN7 1DX, BN7 1HU, BN7 1RL, BN7 1PH, BN7 1JR, BN7 1ST, BN7 1NL, BN7 1BL, BN7 1BB, BN7 1PZ.
Lewes Bookkeeping Jobs: View bookkeeping jobs in Lewes by clicking here: Lewes Bookkeeping Jobs
If you're interested in local Lewes info go here
More East Sussex Bookkeepers: More Heathfield, Westham, Willingdon, Ore, Rye, Newhaven, Seaford, Forest Row, Hove, Battle, Hastings, Ringmer, Uckfield, Lewes, Crowborough, Portslade, Hailsham, Bexhill-on-Sea, Telscombe, Polegate, Peacehaven, Eastbourne, Wadhurst and Brighton.:
Bookkeepers in BN7 area, telephone code 01273.
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