Bookkeepers Newtownabbey

Newtownabbey Bookkeeping Services

Bookkeepers Newtownabbey Northern Ireland (BT36): You are entirely responsible for maintaining "true and fair", accurate financial and accounting records for a minimum of 6 years, if you run an online store, are a sole trader or operate a small business in Newtownabbey, in compliance with the 2006 Companies Act. If you cannot produce such information, you might be disqualified as a Company Director and face a hefty fine. You can accomplish these financial recordings yourself, although when you think about the fact that according to Accounting Today over 40% of small business owners spend over eighty hours each year doing their accounts, it can pay you to use a professional bookkeeper or accountant.

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It's time to contact a bookkeeper in Newtownabbey for assistance, if just the thought of producing balance sheets, tracking liabilities and assets, writing out ledgers or preparing profit, loss and fiscal reports brings you feelings of panic.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Newtownabbey Northern Ireland (BT36)

For many people in Newtownabbey, an obvious question when faced with this challenge is "What exactly is the difference between an accountant and a bookkeeper?" The truth is that although in the past the bookkeeping process, was looked at as beneath the experience, skill set and qualifications of an accountant, because of improvements in software over the past decade or so, a lot of accountancy companies in the Newtownabbey area will now consider taking on bookkeeping tasks. It's fairly common for accounting firms to have a set rate for bookkeeping services in line with an independent bookkeeper's fee. This means the cost of bookkeeping is cheaper than it previously was, and is good news for small businesses in Newtownabbey because it gives a wider variety of competition within this sector.

The standard of qualification and training required is the big difference between an accountant and a bookkeeper. An accountant will, at a minimum, hold a degree in accounting, and will have also had specialist training in business and fiscal management, and taxes. A bookkeeper in Newtownabbey will certainly have a decent understanding of these fiscal disciplines, but might not necessarily hold the qualifications or levels of training and experience.

A BOOKKEEPER'S RESPONSIBILITIES

The bookkeeping process in simple terms, is the recording of the day by day monetary transactions of any enterprise or business in Newtownabbey. This could include, but isn't limited to;

  • Ensuring double-entry bookkeeping and accounting practices are followed at all times.
  • Logging of all financial incomings; cash, electronic and card payments included.
  • Highlighting and rectifying any discrepancies in financial accounts.
  • Payroll services.
  • Monthly reconciliation and reporting.
  • The billing of clients for goods or work completed.
  • VAT recording and submissions.
  • Logging invoices received and ensuring payment is completed promptly.
Bookkeeping Newtownabbey UK (028)

If you are happy to perform the majority of bookkeeping work yourself; a bookkeeper may only be needed to double check your accounts on a set schedule. As a bare minimum this should be done on a monthly basis, to facilitate the swift detection and rectifying of any mistakes or problems. If you're confident of staying in control of your everyday financial transactions and trading activities, this trade-off can often be the most affordable compromise.

If you're presently looking to hire a bookkeeping service in Newtownabbey, whatever your circumstances are, it is a good bet that you might be having problems with your tax and financial procedures. A good bookkeeping company will be able to assist you in linking the latest computer software with your business accounts to facilitate the seamless organisation of financial data, and will provide advice and guidance on things like stocktaking, preparing expense reports and invoicing.

Bookkeeping Enquiries in Newtownabbey Northern Ireland

The correct 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 are guilty of, or paying an outstanding bill right away, your bookkeeper will optimise the payment of bills to a time when your finances are in good order. This is not simply to make certain that your business enterprise is on a secure financial footing at all times, but also to keep you in the good books of those businesses who supply you with materials or services. This is a juggling act that can be tricky to perform on your own when you're focussed on running your company.

Bookkeeper Near Newtownabbey Northern Ireland

If you are a sole trader, or operate a small business, using a professional bookkeeper in Newtownabbey, also gives them the chance to cast an unrelated eye over the financial dealings of your business. This objective evaluation can allow them to discover business patterns and trends that you might have disregarded. It is not at all unheard of for a clever bookkeeper to flag an area which is plummeting in profits, or spot a brand new opportunity which may prove worthwhile. It's vital for the economic growth of any enterprise in Newtownabbey, to spot such KPI's (key performance indicators).

Chasing up late payments can be a fairly uncomfortable situation for you, if you send out invoices in your business operations. Having a person from outside your business bubble, can take away the embarrassment of visiting your customers or making that telephone call. To help with resolving the matter, if you have a repeating late or non-payer, there are legal procedures that can be used by a bookkeeper, so that court proceedings can be avoided.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The requirements for bookkeeping by a sole trader, as set out in law, are relatively uncomplicated and easily understandable. A sole trader is expected to keep records of expenditure and income from month to month and retain all receipts and invoices. It is still recommended that you retain the expert services of a bookkeeper, although this might sound simple enough. Offering advice on what legitimate business expenses you might be able to claim back, a professional sole trader bookkeeper in Newtownabbey will look after your financial dealings with HMRC. This might include printer ink, stationery, items such as laptops, advertising and bills and rent if you work from home. If you'd like to get more detailed advice, and learn how your business can develop and grow moving forward, chat to your local bookkeeper.

ONLINE TRADERS IN NEWNewtownabbeyABBEY

Bookkeeping Services Newtownabbey

Certain small businesses that work in niche areas, might need to employ a specialist bookkeeper. You will need a bookkeeper in Newtownabbey who is familiar with multi-currency processing, international and cross-border taxes, exchange rate transfers and online payment procedures, if you run a store online for example. If you hold or produce the goods that you sell with that store, then it's going to be a vital concern for your bookkeeping software or services to monitor your stock on a 24/7 basis, given that the internet does not sleep.

A virtual office can also be supplied in combination with your bookkeeping service. This enables an online only business or sole trader to have a phone service and postal address to offer a physical link with their clients. Although this solution may not be supplied by all bookkeepers in Newtownabbey, it is definitely worth a discussion if this service is something that could be beneficial.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

It is not necessary for a professional Newtownabbey bookkeeper to hold a degree, and a lot of the bookkeeping industry qualifications are held at Certificate and Diploma level. Although there is an ever-increasing variety of online courses available, bookkeeping qualifications can still be gained via further education universities and colleges, if that is the preferred route.

Bookkeepers are represented by two primary training and certification organisations:

Local Bookkeeping Services Newtownabbey (BT36)

The AAT (Association of Accounting Technicians): Providing a training schedule with advanced qualifications, the Association of Accounting Technicians (AAT), entitles a fully certified bookkeeper to use the letters AATQB after their name. This then entitles them to become a approved AAT bookkeeper and guarantees a decent standard of service which is backed by the organisation. To protect the credibility of the AAT, if an AAT bookkeeper is found to have broken the code of conduct or has a complaint filed against them, they can be subject to disciplinary and tribunal processes.

The Institute of Certified Bookkeepers or ICB: Providing accreditation to certified bookkeepers, together with training and reference material to keep their members up-to-speed with the latest trends, the Institute of Certified Bookkeepers (ICB) is the largest bookkeeping organisation on the planet.

The accreditations of any Newtownabbey bookkeeper can be verified on the register of ICB or ATT members on their websites. Prior to employing the services of any bookkeeping company in Newtownabbey, it is certainly a good idea to carry out these checks.

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Book Bookkeeper in Newtownabbey UK

Bookkeeping services are available for those living in in Newtownabbey and also in nearby places like: Whitehead, Ballynure, Doagh, Dunadry, Templepatrick, Pargate, Kells, Greenisland, Glengormley, Randalstown, Whiteabbey, Nutts Corner, as well as in these postcodes BT36 4ZR, BT36 4UB, BT36 4QG, BT36 4TR, BT36 4RF, BT36 4TW, BT36 4BG, BT36 4FR, BT36 4QD, BT36 4NY. Local Newtownabbey bookkeeper services will likely have the postcode BT36 and the telephone code 028. Checking this can ensure you access local bookkeepers. Newtownabbey sole traders and business owners will be able to utilise these and countless other comparable services.

Bookkeeping Newtownabbey - Outsourcing Options

All businesses in Newtownabbey should understand the significance of bookkeeping. It helps business people monitor their outgoings and incomings, the money left in the bank, the sum total of their assets and liabilities, and so on. With the business owner having to deal with the concerns and issues of running a business, the task of performing the bookkeeping is frequently outsourced to freelance bookkeepers or a bookkeeping company in Newtownabbey.

Outsourcing Bookkeeping

If a company in Newtownabbey hires a bookkeeper so as to join their ranks, the company will have to spend a considerable sum of money in training that person for the purpose of doing the bookkeeping duties. Furthermore, there's no guarantee that the individual will stay for long in the company. In circumstances like that, the company stands to lose a considerable sum of money. Aside from that, firms will have to look for solutions to provide benefits and incentives to keep the employee there. These are just some of the reasons why companies often choose to enlist the services of professional bookkeepers and bookkeeping companies in Newtownabbey.

With the advent of new technology there is no need for business owners to stick to a freelance bookkeeper who may continue with outdated accounting practices. Again, they are not under pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is becoming increasingly common in the financial domain. One will find a lot many companies offering financial bookkeeping services catering to all kinds of clients and industries in Newtownabbey. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Newtownabbey bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.

The business owner in Newtownabbey can look for the following options with the bookkeeping company that offer outsourcing services. Check and find out how much savings he can enjoy by outsourcing the bookkeeping work. Since the expenses related to hiring and training the in-house staff is a great concern, it would be wise on the part of business owner to focus on an outsourcing company that can offer good savings. Try to get first hand information regarding the systems and methods employed by the company involved in bookkeeping services. It is very much important to get quality accounting services and greater security for your financial data. By quality, one means reliable, precise, and real-time bookkeeping data delivered within the set time. In short, the company that offers bookkeeping services in Newtownabbey should have a well protected system that can be relied on and trusted.

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Charity bookkeeping Newtownabbey.

Newtownabbey Bookkeeper Tasks

Bookkeeper Tasks Newtownabbey

Most Newtownabbey bookkeepers will be prepared to offer you the following accounting and bookkeeping services: credit control, Quickbook bookkeeping, Xero bookkeeping services in Newtownabbey, Kashflow bookkeeping, accountancy packages, invoice processing in Newtownabbey, bookkeeping services for pubs, partnership returns, management reports Newtownabbey, tax returns in Newtownabbey, bookkeeping for clubs, bookkeeping for restaurants Newtownabbey, wages & PAYE, tax return preparation in Newtownabbey, bookkeeping for tradesmen in Newtownabbey, assistance with registering for self-employment in Newtownabbey, VAT returns, bookkeeping for small businesses, bookkeeping quotations in Newtownabbey, profit & loss reports Newtownabbey, bookkeeping services for sole traders, professional bookkeeping services, independent bookkeeping services, bookkeeping and accounting, corporation tax returns, Sage bookkeeping, franchise bookkeeping Newtownabbey, bookkeeping services for limited companies, double-entry bookkeeping, company cash books, and more. These are just a selection of the activities that are performed by local bookkeepers. Newtownabbey professionals will be delighted to keep you abreast of their full range of services. If there are different Newtownabbey bookkeeper requirements that you need but can't see here, you should list them on the QUOTE FORM provided. We'll get back to you with information just as soon as we can.

NEWNewtownabbeyABBEY BOOKKEEPING QUOTES

Bookkeepers Near Newtownabbey

Also find: Templepatrick bookkeepers, Nutts Corner bookkeepers, Doagh bookkeepers, Ballynure bookkeepers, Pargate bookkeepers, Dunadry bookkeepers, Randalstown bookkeepers, Greenisland bookkeepers, Kells bookkeepers, Whitehead bookkeepers, Whiteabbey bookkeepers, Glengormley bookkeeper and more. All of these villages and towns are serviced by local bookeepers. Newtownabbey residents can get rates for bookkeeping services by going here.

Bookkeeping Services Newtownabbey

Find a Bookkeeper in Newtownabbey Here
Newtownabbey Bookkeeping Services (028)
  • Newtownabbey Profit and Loss Reporting
  • Newtownabbey Self-Assessment Bookkeeping
  • Newtownabbey Sole Trader Bookkeeping
  • Newtownabbey Credit Control
  • Newtownabbey Bookkeeping Quotes
  • Newtownabbey Double-Entry Bookkeeping
  • Newtownabbey Cheap Bookkeeping
  • Newtownabbey Cash Flow Analysis
  • Newtownabbey Payroll Services
  • Newtownabbey Self-Assessment Tax Returns
  • Newtownabbey PAYE Wages and CIS
  • Newtownabbey Tax Preparation
  • Newtownabbey Small Business Bookkeeping
  • Newtownabbey VAT Returns

Bookkeepers Around Newtownabbey: People who live in these local Newtownabbey roads and streets have recently requested bookkeeping services - Cullyburn Road, Hollybrook Grange, Whitewell Drive, Tulleevin Drive, Cashel Close, Seaview Lane, Glenkeen Park, Sharonmore Avenue, Bracken Drive, Dalewood, Mulderg Drive, Inniscarn Drive, Lauren Court, Abbots Cross, Woodford Drive, Culmeglen, Cloughfern Avenue, Lismore Place, Glen Corr Gardens, Carntall View, Monkstown Avenue, Carn View, Cherryvale Park, Ballyearl Rise, Adare Park, Park Manor, Bridge Road, Rose Park, Foxton Place, Hydepark Manor, as well as the following Newtownabbey area postcodes: BT36 4ZR, BT36 4UB, BT36 4QG, BT36 4TR, BT36 4RF, BT36 4TW, BT36 4BG, BT36 4FR, BT36 4QD, BT36 4NY.

More Newtownabbey Services: Not surprisingly, whenever you happen to be in need of a bookkeeper in Newtownabbey, Northern Ireland, you are likely to need all kinds of different services and along with a bookkeeper in Newtownabbey, Northern Ireland, you could also need HR consulting in Newtownabbey, a marketing agency in Newtownabbey, video production in Newtownabbey, card processing in Newtownabbey, social media marketing in Newtownabbey, EPOS in Newtownabbey, network, database & IT support in Newtownabbey, business consulting in Newtownabbey, telephone system services in Newtownabbey, Ecommerce in Newtownabbey, pay per click advertising in Newtownabbey, digital marketing services in Newtownabbey, website design in Newtownabbey, financial advice in Newtownabbey, telemarketing in Newtownabbey, an accountant in Newtownabbey, hosting & cloud services in Newtownabbey, and other different Newtownabbey specialists.

Bookkeeping Jobs Newtownabbey: See bookkeeping jobs near Newtownabbey by going here: Bookkeeping Jobs Newtownabbey

To find local Newtownabbey information go here

Bookkeepers in BT36 area, phone code 028.

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(This bookkeepers Newtownabbey article was edited and updated on 25-01-2023)