Bookkeepers Portishead

Portishead Bookkeeping Services

Bookkeepers Portishead Somerset (BS20): You're responsible for keeping "true and fair", accurate accounting and financial records for at least six years, if you are a sole trader, own a small business or run an online store in Portishead, in compliance with the 2006 Companies Act. If you can't produce these records, you could be disqualified as a Company Director and face a fine of thousands of pounds. You can do these financial records yourself, although when you think about the fact that according to the trade magazine Accounting Today over 40% of small business owners spend eighty hours plus each year on their bookkeeping tasks, it can pay to employ a professional accountant or bookkeeping company.

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If you're filled with terror simply thinking about creating profit, loss and fiscal reports, writing out ledgers, tracking liabilities and assets or producing balance sheets, then the time to get in touch with a bookkeeper in Portishead for advice and guidance has arrived.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Portishead Somerset (BS20)

A frequent question that is asked by a lot of small business owners in Portishead is "What is the difference between a bookkeeper and an accountant?" In the past it was generally considered to be beneath the skill-sets, qualifications and experience of an accountant to do bookkeeping, however because of improvements in software over the past 10 yrs, many bookkeeping procedures will now be carried out by accountancy firms in Portishead. It is fairly common for many accountancy companies to charge a fixed rate for bookkeeping services as per an independent bookkeeper's fee. Business owners in Portishead are now cashing in on this, as it generates a wider variety of competition within the industry and can make the cost of bookkeeping much more manageable than it would have been previously.

It is basically the level of qualification and training that is needed for each of these disciplines, that indicates the main difference between a bookkeeper and an accountant in Portishead. An accountant will, at the very least, hold a degree in accounting, and will have also had additional training in business and fiscal management, and taxes. A bookkeeper in Portishead will have a good grasp of these fiscal procedures, but may not necessarily have the same levels of experience and training, or hold these qualifications.

A BOOKKEEPER'S RESPONSIBILITIES

The recording of daily transactions (financial) of any business in Portishead, describes the process of bookkeeping in simple terms. This can include, but is not limited to;

  • VAT recording and submissions.
  • The billing of customers for work completed or goods.
  • Ensuring double-entry bookkeeping and accounting practices are observed.
  • Recording invoices received and ensuring payment is completed by the due date.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Logging of all financial incomings; including electronic, card and cash payments.
  • Payroll services.
  • Monthly reconciliation and reports.
Bookkeeping Portishead UK (01275)

If you're happy to carry out the larger part of your bookkeeping work yourself; a bookkeeper might only be needed to double check your figures every once in a while. To allow for any mistakes or problems to be found and rectified promptly, this should really be every month at the bare minimum. This trade-off can sometimes be the most cost-effective option if you are able to stay up-to-date with your day to day trading and financial transactions.

Whatever your circumstances, if you're looking to hire a bookkeeper in Portishead, it's a good bet that you may be stressed with the financial recording aspects of your small business. To facilitate the seamless arrangement of financial data, a professional bookkeeper will help you link the latest software program to your accounts, and will provide guidance and advice on things like stocktaking, invoicing and producing expense reports.

Bookkeeping Enquiries in Portishead Somerset

One of the most vital aspects of good bookkeeping practice, is the ability to correctly reconcile cash flow with accounts payable. This means that rather than waiting on an overdue notice, which many small businesses in Portishead are guilty of doing, or paying off a bill straight away, your bookkeeper will arrange bill payments to times when your accounts are buoyant and in good shape. This does not just keep your business enterprise on a secure financial footing, but keeps you in favour with suppliers and the businesses who provide you with services. This is one of those balancing acts that can be tough to accomplish when you are primarily focussed on the streamlined running of your day to day business operation.

Bookkeeper Near Portishead Somerset

If you're a sole trader, or own a small business, using a qualified bookkeeper in Portishead, also gives them an opportunity to cast an unrelated eye over the financial dealings of your business. It's quite possible that an independent appraisal like this will highlight business patterns and trends that you haven't previously noticed. A bookkeeper spotting a brand new opportunity or flagging an area where profits are dropping off, is by no means unusual. Such key performance indicators (KPI's) are essential in driving growth for any enterprise in Portishead.

If your business sends out invoices it can often be awkward to pursue a late payment. Having somebody from outside your normal business situation, can take away the embarrassment of making that telephone call or visit to your customer. To help resolve the situation, if you have problems with a consistent late or non-payer, there are strategies that can be employed by a bookkeeper, so legal proceedings can be avoided.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The legal bookkeeping requirements for a sole trader, are fairly straightforward and simple. Essentially, sole traders must keep all invoices and receipts, and monitor income and expenditure on a monthly basis. Even though this may initially sound fairly simple, hiring the expert services of a competent bookkeeper is still advisable. A specialised sole trader bookkeeper in Portishead can give you advice on what you can claim back from HMRC as bonafide business expenses. This may include stationery, advertising expenses, bills and rent if working from home, items such as computing equipment and printer ink. Speak to a trusted bookkeeper for more comprehensive advice and learn how they may be able to help your business to grow.

BOOKKEEPING FOR ONLINE TRADERS

Bookkeeping Services Portishead

Specialist bookkeepers are needed now and again for specific niches in bookkeeping. If you run an online store for instance, you will require a bookkeeper in Portishead who is familiar with multi-currency processing, cross-border and international taxes, exchange rate transfers and online payments. If you produce or hold the merchandise that you distribute on that store, then it is going to be a huge concern for your bookkeeping software or services to manage your your stock on a 24/7 basis, since the internet does not sleep.

It is also possible to provide a remote virtual office, that can be used in combination with your bookkeeping services and package. This allows an online only business or sole trader to have a postal address and telephone service to offer a physical connection to their clients. Not all bookkeeping businesses in Portishead will be willing to supply this service, but it is worth discussing the possibilities if it's required.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

A professional bookkeeper in Portishead need not hold a university degree and most qualifications for the industry are at Certificate and Diploma level. Bookkeeping qualifications can be obtained through further education universities and colleges but there are also a range of online courses available.

To provide certification and training for bookkeepers, there are basically 2 primary organisations of interest:

Local Bookkeeping Services Portishead (BS20)

The Association of Accounting Technicians or AAT: Providing advanced qualifications and training, the AAT (Association of Accounting Technicians), entitles a fully certified member to use the letters AATQB after their name. This guarantees a decent standard of service to their customers which is backed up by the organisation, and permits them to become a registered AAT bookkeeper. To preserve the integrity and values of the AAT membership, an AAT bookkeeper can be liable to disciplinary and tribunal procedures if a complaint is filed against them or they are found to have broken the code of practice.

The Institute of Certified Bookkeepers or ICB: The largest bookkeeping organisation in the world is the the Institute of Certified Bookkeepers or ICB, and it supplies accreditation to certified bookkeepers, together with reference material and training to keep their members current with the latest trends.

The accreditations of any professional Portishead bookkeeper can be verified on the register of ICB or ATT members on their websites. Performing these checks is usually advisable before actually hiring the services of any professional bookkeeper in Portishead.

(Tags: Bookkeeping Services Portishead, Bookkeepers Portishead, Bookkeeper Portishead, Bookkeeping Accountant Portishead, Bookkeeping Service Portishead)

Book Bookkeeper in Portishead UK

Bookkeeping services are available for people living in in Portishead and also in nearby places like: Weston-in-Gordano, Clevedon, Easton-in-Gordano, Clifton, Walton Bay, Wraxall, Redcliff Bay, West Hill, Shirehampton, Portbury, Avonmouth, Clapton-in-Gordano, Tickenham, Sheepway, Nailsea, together with these postcodes BS20 6AP, BS20 6QS, BS20 6LS, BS20 6RD, BS20 6JL, BS20 1BT, BS20 6QA, BS20 6AU, BS20 6LE, BS20 6NS. Local Portishead bookkeeper services will probably have the dialling code 01275 and the postcode BS20. Checking this out will confirm you access locally based bookkeepers. Portishead sole traders and business owners will be able to benefit from these and various other comparable services.

Outsourced Bookkeeping Portishead

All businesses in Portishead should understand the significance of bookkeeping. It helps business people monitor their incomings and outgoings, the total value of their assets and liabilities, the money left in the bank account, and more. With the owner of the business having to deal with the issues and concerns of operating a business, the task of carrying out the bookkeeping is often outsourced to freelance bookkeepers or a bookkeeping company in Portishead.

Outsourcing Bookkeeping

If a company in Portishead 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 for long in the company. 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 professional bookkeepers and bookkeeping companies in Portishead.

The business owner in Portishead 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 Portishead should have a well protected system that can be relied on and trusted.

These professional bookkeeping companies in Portishead should be able to customise their bookkeeping services with that of the client company's existing bookkeeping system. They should be able to ask for assistance from these bookkeepers as and when they need the required back-up and support.

Portishead Bookkeeper Tasks

Bookkeeper Tasks Portishead

Most bookkeepers in Portishead will be prepared to offer you the following services: accountancy packages in Portishead, mobile bookkeeping services in Portishead, franchise bookkeeping Portishead, corporation tax returns in Portishead, management accounts, bookkeeping services for shops, bookkeeping for home-based businesses Portishead, bookkeeping for restaurants, tax preparation Portishead, invoice processing in Portishead, professional bookkeeping services, bank reconciliations Portishead, bookkeeping services for organisations, general bookkeeping services, bookkeeping services for limited companies, bookkeeping services for societies Portishead, PAYE & wages, assistance with registering for self-employment in Portishead, payment services, letting agent bookkeeping Portishead, bookkeeping services, bookkeeping for freelancers, cheap bookkeeping services, Kashflow bookkeeping in Portishead, payroll bookkeeping, accounting and bookkeeping services Portishead, credit control, VAT returns, small business bookkeeping, independent bookkeeping services in Portishead, and more. Listed are just a small portion of the activities that are handled by local bookkeepers. Portishead providers will be delighted to keep you abreast of their full range of services. If there happen to be some other Portishead bookkeeper requirements that you want but cannot see here, you can list them on the QUOTE FORM provided. We'll get back to you with specifics as soon as we are able.

Portishead Bookkeeper Questions

Portishead Bookkeeping Questions

Only recently I was looking through the questions that folks ask regarding bookkeepers in Portishead. Several of our visitors sent in fascinating enquiries that I considered to be relevant to this blog post. The ones I picked out were, Is bookkeeping and accounting the same? What does bookkeeping involve? What are the advantages of a bookkeeper over an accountant? Should a bookkeeper be bonded? Why choose a bookkeeper in Portishead? How much do bookkeepers charge? Can a bookkeeper be held liable? What makes a great bookkeeper? Can a bookkeeper do payroll? Hopefully most of these enquiries have been answered in this short article, and if that is not the case a bookkeeping "Q&A" feature is something we will be including before long. My thanks go to the following people in Portishead for finding the time to send in their questions; Maximilian Lewis, Tate Pearce, Robbie Douglas and Reese Johnstone. It was also brilliant to get questions from Mckenzie Rodgers in Wraxall, Jonathan Simmonds in Portbury and Serenity Humphrey in Redcliff Bay.

PORTISHEAD BOOKKEEPING QUOTES

Bookkeepers Near Portishead

Also find: Clapton-in-Gordano bookkeepers, Avonmouth bookkeepers, Redcliff Bay bookkeepers, West Hill bookkeepers, Clifton bookkeepers, Easton-in-Gordano bookkeepers, Tickenham bookkeepers, Portbury bookkeepers, Shirehampton bookkeepers, Sheepway bookkeepers, Weston-in-Gordano bookkeepers, Clevedon bookkeepers, Wraxall bookkeepers, Walton Bay bookkeepers, Nailsea bookkeeper and more. Most of these places are serviced by local bookeepers. Portishead people can get rates for bookkeeping services by clicking here.

Bookkeeping Services Portishead

Find a Bookkeeper in Portishead Here
Portishead Bookkeeping Services (01275)
  • Portishead Tax Returns
  • Portishead Credit Control
  • Portishead Tax Preparation
  • Portishead Bookkeeping Services
  • Portishead Small Business Bookkeeping
  • Portishead Accountancy Packages
  • Portishead Self-Assessment Bookkeeping
  • Portishead Cash Flow Analysis
  • Portishead Bookkeeping Price Quotes
  • Portishead Cheap Bookkeeping
  • Portishead Sole Trader Bookkeeping
  • Portishead PAYE and Wages
  • Portishead Double-Entry Bookkeeping
  • Portishead Payroll Services

Bookkeepers Around Portishead: People who live in these local Portishead streets and areas have just recently requested bookkeeping services - Finisterre Parade, Riverleaze, Clayton Close, Beach Hill, Newfoundland Way, Conference Avenue, Kilkenny Place, Woodhill Avenue, Pennant Place, Pier Close, Meadow Close, Beach Road West, Friary Road, Holly Ridge, Keel Avenue, Drakes Way, Devonshire Drive, Nore Gardens, The Downs, Woodside Gardens, Kittwake Drive, Station Road, Mendip Road, Sage Close, Combe Avenue, Polden Road, Willow Close, Glenwood Rise, as well as these Portishead area postcodes: BS20 6AP, BS20 6QS, BS20 6LS, BS20 6RD, BS20 6JL, BS20 1BT, BS20 6QA, BS20 6AU, BS20 6LE, BS20 6NS.

If you would like to get local Portishead info click here

Portishead Bookkeeping Jobs: See bookkeeping jobs near Portishead by clicking here: Bookkeeping Jobs Portishead

Bookkeepers in BS20 area, phone code 01275.

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(This bookkeepers Portishead page was revised and updated on 26-08-2022)