Bookkeepers Northfleet Kent (DA11): Regardless of whether you own a small business, are a sole trader or operate an online store in Northfleet, you're responsible for maintaining accurate, "true and fair" financial and accounting records for at least six years according to the Companies Act. Failing to produce such records could leave you facing Company Director disqualification, together with a fine of thousands of pounds. There's a substantial investment of time involved with compiling these financial recordings on your own behalf, and it is often better to use a professional accountant or bookkeeping company, particularly when you consider that according to the magazine Accounting Today over forty percent of small business owners spend 80 plus hours each year doing their bookkeeping.
It's high time to contact a bookkeeper in Northfleet for assistance, if the idea of compiling balance sheets, writing out ledgers, tracking liabilities and assets or preparing profit, loss and fiscal reports fills you with dread.
BOOKKEEPER OR ACCOUNTANT?
"Precisely what is the distinction between a bookkeeper and an accountant?" Is a question that is asked by a lot of small business owners in Northfleet. The truth is that while in past times a lot of accountants considered the task of bookkeeping to be beneath their experience, skill-sets and qualifications, many accountancy companies in the Northfleet area will now take on the task of bookkeeping, because of tremendous software improvements over the past ten years or so. Most accounting firms now charge a set rate for bookkeeping services, to keep them in line with what a typical bookkeeper in Northfleet would generally charge. This means the cost of bookkeeping is cheaper than it was previously, and is great news for business owners in Northfleet since it provides a greater variety of competition within this sector.
When you are thinking about the differences between a bookkeeper and an accountant, the most notable one is the standard of training that's needed for each of these disciplines. An accountant will, at a minimum, hold a degree in accounting, and should have also had specialist training in business and financial management, and taxes. Although bookkeepers in Northfleet will undoubtedly have a decent understanding of these procedures, they might not necessarily have the same levels of experience and training in this field, or hold these qualifications.
RESPONSIBILITIES OF A BOOKKEEPER
The recording of day by day monetary transactions of any business in Northfleet, describes the act of bookkeeping in the simplest of terms. This can include;
- Recording invoices received and ensuring that payment is completed by the due date.
- Payroll services.
- VAT recording and submissions.
- Making sure that accounting and double-entry bookkeeping practices are implemented.
- Monthly reconciliation and reporting.
- The billing of customers for work completed or goods.
- Documenting of all financial incomings; electronic, cash and card payments included.
- Highlighting and rectifying any discrepancies in the financial accounts.
While it depends on the type of service you are interested in, if you're willing to carry out most of the bookkeeping work yourself, a bookkeeper might just be needed to periodically double-check your accounts. To make sure that any problems or mistakes can be uncovered and rectified quickly, as a bare minimum, this ought to be on a monthly basis. This trade-off can sometimes be the most cost-effective option if you are able to stay in control of your day by day financial transactions and trading.
Whatever the scenario is with your company or small business, if you're seriously looking to hire a bookkeeping service in Northfleet, it is a good bet that you could be stressed with the process of recording your financial transactions. To enable the seamless processing of transactional data, a decent bookkeeping company will help you to link the most suitable computer software to your business accounts, and will provide assistance with things like preparing expense reports, stocktaking and invoicing.
Being able to reconcile cash flow with accounts payable, is an extremely crucial aspect of a good bookkeeper. Which means that your bookkeeper will arrange the payment of bills to times when your accounts are in good shape and buoyant, rather than paying off a bill immediately, or waiting for a final notice, which a lot of small businesses in Northfleet are guilty of at some time or other. This not only keeps you in favour with suppliers and those businesses who supply services to you, but also ensures that your enterprise or business is financially secure. When, as an individual, you are completely focussed on running your business, this is a juggling act that can be difficult to accomplish.
For your small business, or if you are a sole trader, employing a qualified bookkeeper in Northfleet, gives you an opportunity to have an independent eye cast over your financial situation. It may be that business trends and patterns that you have overlooked could therefore be pinpointed. It's not unusual for a bookkeeper to spot an opportunity or flag up an area where profits are falling. It's important for the success and growth of any small business in Northfleet, to spot these KPI's (key performance indicators).
If you give out invoices as part of your business operations, having to chase up a late payment can be quite awkward. By having a professional outside your business situation visit your clients or make that telephone call, some of that embarrassment can be taken away. A bookkeeper can employ legal solutions to deal with a persistent late or non-payer, and without the need for claims court proceedings, help to resolve the issue.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal bookkeeping requirements for sole traders, are relatively straightforward and simple. This involves retaining all receipts and invoices relating to the business, and tracking expenditure and income on a month by month basis. Now, this doesn't sound that hard does it? However, it's still recommended that you hire the services of a bookkeeping company to ensure that it is all done correctly. A specialised sole trader bookkeeper in Northfleet will be able to give you advice on what you're able to claim back from HMRC as business expenses. This may include advertising expenses, items such as laptops, consumables, rent and bills if working from home and stationery goods. Speak to your local bookkeeper for more detailed advice and see how they may be able to help your business to grow.
Specialist bookkeepers are often required for particular bookkeeping niches. You're going to need a bookkeeper in Northfleet who is familiar with multi-currency processing, international and cross-border taxes, exchange rate transfers and online payments, if you run an online store for example. If you produce or hold the goods that you distribute on that store, then it's going to be an important priority for your bookkeeping services and software to regulate your stock on a 24 hours a day basis, because the internet doesn't sleep.
A virtual office can also be supplied in combination with your bookkeeping service. This is useful in allowing an online only business or sole trader to have a postal address and telephone service to provide a physical link with their client base. It is definitely worth discussing this possibility if it's something that could benefit you, although not all Northfleet bookkeeping businesses will offer this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A certified bookkeeper in Northfleet need not have a university degree and most qualifications in this sector are at Diploma or Certificate level. If the chosen route to qualification is via further education colleges and universities, this possibility is still available, whereas there there are a choice of online bookkeeping courses.
Bookkeepers are represented by 2 primary training and certification organisations:
The Association of Accounting Technicians or AAT: Entitled to use the letters AATQB, a certified member of the Association of Accounting Technicians (AAT) will have completed advanced qualifications and training in bookkeeping practice. This guarantees a high level of service to their customers which is backed up by the association, and entitles them to become a licensed AAT bookkeeper. If a bookkeeper who is a member of the AAT is found to have contravened the code of practice or has a complaint filed against them, they may be subject to disciplinary and tribunal procedures to safeguard the integrity of the aat.
The Institute of Certified Bookkeepers (ICB): Offering certification for qualified bookkeepers, in addition to reference material and training to ensure their members are up-to-date with the latest trends, the Institute of Certified Bookkeepers or ICB is the largest organisation of its kind on the planet.
You are able to check the accreditations of any professional Northfleet bookkeeper on the register of AAT or ICB members on their respective websites. Carrying out such checks is generally a good idea before you actually hire any local bookkeeper in Northfleet.
Bookkeeping services are available for people living in in Northfleet and also nearby in: Gravesend, Istead Rise, Hartley, Cobham, Denton, Cliffe Woods, Crayford, Bean, Greenhithe, Stone, Darenth, Singlewell, Southfleet, Luddesdown, Perry Street, Higham, Milton, Shorne, Swanscombe, and in these postcodes DA11 7EB, DA11 7HQ, DA11 7JN, DA11 8ES, DA11 8DA, DA11 7ES, DA11 7LH, DA11 7PF, DA11 7EE, DA11 8FB. Locally based Northfleet bookkeeper services will probably have the phone code 01474 and the postcode DA11. Checking this should make certain that you access locally based bookkeepers. Northfleet sole traders and business owners will be able to benefit from these and lots of other comparable services.
Northfleet Bookkeeper Questions
In recent weeks I have been looking at the popular questions people in Northfleet ask on the subject of bookkeepers. A good few of you have e-mailed in noteworthy questions that I thought might be worthy of a mention. The most pertinent ones seemed to be, Does a bookkeeper have to be registered? When should I outsource bookkeeping? What qualifactions are needed to become a bookkeeper? How is bookkeeping related to accounting? How much does a bookkeeper charge per hour? Who needs a bookkeeper in Northfleet? What are the advantages of a bookkeeper over an accountant? Which is double entry bookkeeping? What are the bookkeeper services? We hope that most of those queries have been answered in the preceding paragraphs, if not a bookkeeping "Questions and Answers" section is a feature we will be including any day now. Thankyou to Rupert Stewart, Romeo Booth, Hari Chambers and Alexis Baldwin, for submitting these questions. Relevant questions were also received from Willow Collier in Swanscombe, Andrew Jamieson in Southfleet and Alexandra Proctor in Greenhithe.
Northfleet Bookkeeper Tasks
Most bookkeepers in Northfleet will be prepared to offer you the following bookkeeping services: personal tax returns Northfleet, Xero bookkeeping Northfleet, bookkeeping services, bookkeeping for payroll, professional bookkeeping services, bookkeeping for tradesmen Northfleet, bookkeeping services for retail outlets, payment services in Northfleet, bookkeeping for shops, Sage bookkeeping services, cheap bookkeeping services, small business bookkeeping Northfleet, invoice processing, bookkeeping services for self-employed Northfleet, accountancy packages, bookkeeping services for limited companies, bookkeeping services for charities, bookkeeping for home-based businesses, bookkeeping for freelancers, bookkeeping quotations, tax return preparation Northfleet, management accounts, bookkeeping for clubs, Quickbook bookkeeping, VAT returns Northfleet, accounting and bookkeeping services, independent bookkeeping services, franchise bookkeeping Northfleet, and more. Listed are just a small portion of the tasks that are performed by local bookkeepers. Northfleet providers will be delighted to keep you abreast of their full range of services. If there happen to be additional Northfleet bookkeeper requirements that you need but don't see here, you can easily mention them on the QUOTE FORM provided. We will be in touch with specifics just as soon as we are able.
Bookkeepers Near Northfleet
Also here.: Bean bookkeepers, Cobham bookkeepers, Istead Rise bookkeepers, Shorne bookkeepers, Hartley bookkeepers, Southfleet bookkeepers, Greenhithe bookkeepers, Gravesend bookkeepers, Darenth bookkeepers, Higham bookkeepers, Singlewell bookkeepers, Denton bookkeepers, Luddesdown bookkeepers, Cliffe Woods bookkeepers, Milton bookkeepers, Stone bookkeepers, Crayford bookkeepers, Perry Street bookkeepers, Swanscombe and more. Most of these towns and villages are covered by local bookeepers. Northfleet traders and businesses can get quotes for bookkeeping services by clicking
- Northfleet Invoice Processing
- Northfleet Small Business Bookkeeping
- Northfleet Tax Returns
- Northfleet Double-Entry Bookkeeping
- Northfleet VAT Returns
- Northfleet Profit and Loss Analysis
- Northfleet Sole Trader Bookkeeping
- Northfleet Bookkeeping Estimates
- Northfleet Self-Assessment Bookkeeping
- Northfleet PAYE Wages and CIS
- Northfleet Credit Control
- Northfleet Cash Flow Analysis
- Northfleet Tax Preparation
- Northfleet Bookkeeping Services
Bookkeepers Around Northfleet: People living in these nearby Northfleet areas and roads have recently requested bookkeeping services - Orchard Road, Struttons Avenue, Old Perry Street, Council Avenue, Wallis Park, Haynes Road, Cross Road, Wombwell Gardens, Beresford Road, Boucher Drive, Brightlands, Wellesley Corner, Fielden Terrace, Tooley Street, Rembrandt Drive, Hatton Close, Sunning Hill, Marconi Road, Mill Road, Churchill Road, Painters Ash Lane, Aspdin Road, Peach Croft, Mallow Close, Kemsley Close, Saxon Close, Swallowfields, Greenhill Road, as well as the following Northfleet area postcodes: DA11 7EB, DA11 7HQ, DA11 7JN, DA11 8ES, DA11 8DA, DA11 7ES, DA11 7LH, DA11 7PF, DA11 7EE, DA11 8FB.
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More Kent Bookkeepers: More Gillingham, Sevenoaks, Swanley, Faversham, Staplehurst, Snodland, Northfleet, Rochester, Gravesend, Ashford, Deal, Sittingbourne, Sandwich, Canterbury, Broadstairs, Bearsted, Strood, Dover, Herne Bay, Margate, Chatham, Edenbridge, Boxley, Walmer, Minster, Tonbridge, Pembury, Sturry, Westgate-on-Sea, Aylesford, Kingsnorth, Whitstable, Sheerness, West Kingsdown, Westerham, Tunbridge Wells, Maidstone, Hartley, Lydd, Meopham, Ramsgate, Dartford, Swanscombe, Southborough, Tenterden, New Romney, East Malling, Cranbrook, Wilmington, Biggin Hill, Folkestone, Paddock Wood, Birchington-on-Sea.:
Bookkeepers in DA11 area, phone code 01474.
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