Bookkeepers Littlehampton West Sussex (BN17): According to the Companies Act, if you own a small business, are a sole trader or run an online store in Littlehampton, you're responsible for keeping accurate, "true and fair" accounting and financial records for a minimum of 6 years. You could face a hefty fine, and perhaps Company Director disqualification, if you can't produce this information. It can pay you to use a professional accountant or bookkeeping company to do this for you, because according to Accounting Today magazine over forty percent of small businesses spend eighty hours plus every year doing their bookkeeping activities, which is a substantial time investment, and could be more efficiently spent on actually running your business.
The time has come to contact a bookkeeper in Littlehampton for guidance and advice, if you are filled with a sense of dread just thinking about the possiblility of tracking liabilities and assets, writing out ledgers, creating profit, loss and fiscal reports or compiling balance sheets.
BOOKKEEPER OR ACCOUNTANT?
For many small business owners in Littlehampton, the first question that springs to mind when facing this challenge is "What is the distinction between an accountant and a bookkeeper?" While in past times many accountants considered the task of bookkeeping to be beneath their skill set, qualifications and experience, a lot of accountancy firms in the Littlehampton area will now undertake the task of bookkeeping, because of software improvements over the past decade. Many accountancy firms now charge a fixed fee for bookkeeping services, to keep them consistent with what a typical bookkeeper in Littlehampton would normally charge. Since it offers a greater variety of competition within the industry, this is excellent news for business owners in Littlehampton, making their bookkeeping costs much more affordable than they previously were.
When considering the big difference between an accountant and a bookkeeper, it is the level of training and qualification that is necessary for each discipline. At least a degree in accounting with specialist training in the field of taxes and other business and financial management, will typically be held by an accountant. A bookkeeper in Littlehampton might not necessarily hold the qualifications or levels of training and experience, but should still have an understanding of these disciplines.
RESPONSIBILITIES OF A BOOKKEEPER
The recording of day by day monetary transactions of any business in Littlehampton, describes the act of bookkeeping in the simplest of terms. This could include;
- VAT submissions and recording.
- Highlighting any discrepancies in financial accounts and rectifying them.
- Making sure that double-entry bookkeeping and accounting practices are followed at all times.
- Documenting invoices received and making certain payment is completed on time.
- Billing of customers for work completed or goods.
- Recording of all financial incomings; cash, electronic and card payments included.
- Monthly reconciliations and reports.
- Payroll services.
If you are in a position to carry out the vast majority of your bookkeeping work yourself; a bookkeeper might just be needed to double check your figures every once in a while. As a bare minimum this should really be every month, to enable the quick identification and correction of any problems or mistakes. This trade-off can often be the most cost-effective option if you are confident of keeping up-to-date with your day to day financial transactions and trading.
It is a good bet that if you're looking at hiring a bookkeeping company, you are currently having problems with the financial recording aspects of your small business in Littlehampton. To facilitate the seamless arrangement of financial data, a good bookkeeping company will help you link the most up-to-date software to your business accounts, and will provide advice and guidance on procedures like invoicing, preparing expense reports and stocktaking.
The reconciliation of cash flow with accounts payable is one of the most crucial aspects of a good bookkeeping service. This means that rather than waiting on a final notice, which many small businesses in Littlehampton are guilty of doing, or paying off a bill immediately, your bookkeeper will prioritise bill payments to times when your accounts are buoyant and in good order. As well as keeping your enterprise or business on a sound financial footing, this also keeps you in good stead with suppliers and companies who provide your business with services. Sadly, this is just one of those balancing acts that can be tricky to perform when you are completely focussed on the streamlined running of your daily business activities.
For your small business enterprise, or if you're a sole trader, using a professional bookkeeper in Littlehampton, presents you with the opportunity to have an eagle eye cast over your financial situation. This unprejudiced evaluation can enable them to see business trends and patterns that you might have disregarded. It's not unheard of for a bookkeeper to spot a new opportunity or flag up an area where profits are dropping. For the growth and success of any enterprise in Littlehampton, it is vital that these key performance indicators are spotted early.
If invoices are sent out by your company it can often be embarrassing to pursue a late payment. Some of that apprehension can be taken away by having an independent person outside your business bubble make that telephone call or visit to your customers. There are legal methods that a professional bookkeeper can use, if you've got a consistent late or non-payer, and they can help to resolve the situation before the matter winds up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
There are some pretty straightforward sole trader bookkeeping requirements, which are set out in law. Essentially, sole traders should save all invoices and receipts, and monitor expenditure and income from month to month. It's still recommended that you hire the expertise of a competent bookkeeper, even though this may sound easy. When dealing with your tax returns, a specialised sole trader bookkeeper in Littlehampton can advise you on what your valid business expenses are, and claim these back from HMRC each year. This may include advertising expenses, printer ink, items such as computing equipment, bills and rent if you work from home and stationery. For more detailed advice, speak to your local bookkeeper, and learn how they can help your business to thrive and grow going forward.
ONLINE TRADERS IN LITTLEHAMPTON
Some business enterprises that operate in niche areas, may need to use a specialised bookkeeper. As an example, if you run a store online, you will be better off employing a bookkeeper in Littlehampton who understands international and cross-border taxes, exchange rate transfers, online payments and multi-currency processing. If you hold or produce the merchandise that you distribute on that outlet, then it will be a massive concern for your bookkeeping software or services to regulate your stock on a 24 hours a day basis, because the internet doesn't sleep.
It's also possible to provide a remote virtual office, which can be used in conjunction with your bookkeeping services and package. This enables an online only business or sole trader to have a telephone service and postal address to provide a physical connection to their buyers. If this sort of service could be useful, it is definitely worth discussing, although this option will not be provided by all Littlehampton bookkeeping businesses.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A qualified bookkeeper in Littlehampton need not have a degree and many the industry qualifications are at Diploma and Certificate level. Bookkeeping qualifications can be gained via further education universities and colleges but there are also an ever-growing array of courses available online.
There are two key training and certification organisations which represent bookkeepers:
The ICB or Institute of Certified Bookkeepers: Offering certification for qualified bookkeepers, together with training and reference material to keep their associated members current with the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest organisation of its kind on the planet.
The Association of Accounting Technicians or AAT: The Association of Accounting Technicians or AAT provides advanced qualifications and a training schedule enabling a fully certified bookkeeper to use the letters AATQB after their name. This assures a high standard of service to their customers which is backed up by the association, and enables them to become a registered AAT bookkeeper. To protect the trustworthiness of the AAT membership, if an AAT bookkeeper has a complaint against them or is found to have contravened the code of conduct they could be liable to disciplinary and tribunal processes.
By going to their websites, it is possible to check the qualifications of any professional Littlehampton bookkeeper on the register of ICB or AAT members. Carrying out this check is highly recommended before retaining the services of any local bookkeeper in Littlehampton.
Bookkeeping services are available in Littlehampton and also in: Kingston Gorse, Climping, Ford, Wick, East Preston, Kingston, Ferring, Rustington, Atherington, Toddington, Angmering on Sea, Middleton on Sea, West Preston, Goring by Sea, Poling, Arundel, and in these postcodes BN17 5ED, BN17 5BP, BN17 5AQ, BN17 5ET, BN17 5DD, BN17 5AJ, BN17 5BH, BN17 5DB, BN16 9SD, BN17 5BY. Local Littlehampton Bookkeepers will most likely have the telephone dialling code 01903 and the postcode BN17. Checking this can make certain that you access local bookkeepers. Littlehampton sole traders and business owners will be able to benefit from these and countless other similar services.
Littlehampton Bookkeeper Questions
Just yesterday I decided to study the most commonplace questions that folks ask about bookkeepers in Littlehampton. A number of our visitors have put forward some insightful queries that are worthy of a mention. The ones I chose are, What makes a good bookkeeper? Is bookkeeping and accounting the same? Where can I hire a bookkeeper in Littlehampton? Can a bookkeeper be held liable? How much do bookkeepers charge? Why do small businesses need bookkeeping? Does a bookkeeper need a license? What are the benefits of a bookkeeping services? Does bookkeeping include payroll? We hope that the majority of those queries have been answered somewhere on this page, and if some are still to be answered a bookkeeping "Questions and Answers" section is something we'll be including quite soon. My gratitude goes out to these folks in Littlehampton for taking the trouble to pose their excellent questions; Bradley Thompson, Troy Kennedy, Orlando Miles and Grace Gardiner. We also got enquiries from Taylor Stuart in Kingston Gorse, Ivan Jacobs in Goring by Sea and Lauren Mcmillan in Wick.
Littlehampton Bookkeeper Tasks
Most Littlehampton bookkeepers will be willing to provide you with the following services: bookkeeping for payroll in Littlehampton, independent bookkeeping services in Littlehampton, bookkeeping estimates, Kashflow bookkeeping, bookkeeping for home-based businesses in Littlehampton, bookkeeping and accounting, cheap bookkeeping services, cash books, tax preparation, professional bookkeeping services, management reports in Littlehampton, bookkeeping services for organisations, business bookkeeping, general bookkeeping services, accounting and bookkeeping services, bookkeeping for limited companies, bookkeeping for small businesses, Xero bookkeeping services, invoice processing, VAT returns, Sage bookkeeping services, bookkeeping for tradesmen, bookkeeping for restaurants, cash flow analysis, bookkeeping for shops, Self-Assessment tax returns, and more. Listed are just a small portion of the duties that are handled by local bookkeepers. Littlehampton providers will be happy to inform you of their entire range of bookkeeping services. If there are additional Littlehampton bookkeeper requirements that you need but can't see here, you can easily mention them on the QUOTE FORM provided. We will be in touch with details just as soon as we are able.
West Sussex Bookkeeping Enquiries
Recently posted West Sussex bookkeeping enquiries: Aida King in Hunston was searching for a bookkeeper for her hairdressing business. Maksim Kidd from Midhurst was asking about bookkeeping for his fishing shop. Ayda Wakefield from Lancing, West Sussex was asking about bookkeeping services for her internet sales business. Maggie Henderson from Southwick, West Sussex was enquiring about a bookkeeper for her clothing company. Gabrielius Williams from Broadbridge Heath was searching for bookkeeping for his online business. Noel Macmillan from Cuckfield was enquiring about a bookkeeper for his bar. Shane Riley in Scaynes Hill, West Sussex was interested in bookkeeping services for his reading club. Rufus Dowell in Rustington, West Sussex was looking for a bookkeeper for his construction firm. Most of these local clients searched for "Bookkeepers West Sussex" and located this page on Google, Yahoo or Bing.
Bookkeepers Near Littlehampton
Also here.: Kingston bookkeepers, Toddington bookkeepers, West Preston bookkeepers, Ford bookkeepers, East Preston bookkeepers, Arundel bookkeepers, Ferring bookkeepers, Atherington bookkeepers, Middleton on Sea bookkeepers, Rustington bookkeepers, Poling bookkeepers, Climping bookkeepers, Angmering on Sea bookkeepers, Kingston Gorse bookkeepers, Wick bookkeepers, Goring by Sea and more. All of these locations are served by local bookeepers. Littlehampton residents can get fees for bookkeeping services by going
- Littlehampton Small Business Bookkeeping
- Littlehampton Cheap Bookkeeping
- Littlehampton Tax Preparation
- Littlehampton Profit and Loss Analysis
- Littlehampton Self-Assessment Bookkeeping
- Littlehampton Accountancy Packages
- Littlehampton Tax Returns
- Littlehampton Credit Control
- Littlehampton Cash Flow Analysis
- Littlehampton Double-Entry Bookkeeping
- Littlehampton PAYE Wages and CIS
- Littlehampton VAT Returns
- Littlehampton Payroll Services
- Littlehampton Bookkeeping Services
Bookkeepers Around Littlehampton: People who live in these nearby Littlehampton areas have just recently enquired about bookkeeping services - South Strand, Broadmark Parade, South Terrace, Capstan Drive, Swift Way, Church Street, Central Avenue, Dingley Road, Chapel Close, Bay Tree Gardens, Summerlea Gardens, Bignor Close, The Coppice, Abingdon Lodge, Terminus Place, The Paddock, Cudlow Garden, The Bramblings, The Drills, St Catherines Road, Seagate Walk, Dorset Close, Duncton Road, Connaught Road, Cheviot Close, Artex Avenue, Broadmark Lane, Tideway, Blue Cedars Close, as well as the following local Littlehampton postcodes: BN17 5ED, BN17 5BP, BN17 5AQ, BN17 5ET, BN17 5DD, BN17 5AJ, BN17 5BH, BN17 5DB, BN16 9SD, BN17 5BY.
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Littlehampton Bookkeeping Jobs: See bookkeeping jobs in Littlehampton by clicking here: Bookkeeping Jobs Littlehampton
More West Sussex Bookkeepers: More Chichester, Haywards Heath, Hurstpierpoint, Horsham, Shoreham-by-Sea, East Grinstead, Southwick, Crawley, Southwater, Rustington, Bognor Regis, Lancing, Burgess Hill, Worthing and Littlehampton.:
Bookkeepers in BN17 area, phone code 01903.
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