Bookkeepers Sandwich Kent (CT13): You are responsible for keeping "true and fair", accurate financial and accounting records for at least 6 yrs, if you own a small business, are a sole trader or operate an online store in Sandwich, in compliance with the 2006 Companies Act. You may be disqualified as a Company Director and face a fine of thousands of pounds, if you cannot produce these records. You could perform these financial records yourself, but when you consider that according to the trade magazine Accounting Today over forty percent of small businesses spend over eighty hours each year on their bookkeeping duties, it can be more economical to use a professional bookkeeper or accountant.
It's high time to get in touch with a bookkeeper in Sandwich for guidance, if the thought of preparing profit, loss and fiscal reports, producing balance sheets, tracking assets and liabilities or filling out ledgers brings you feelings of dread.
BOOKKEEPER OR ACCOUNTANT?
A common query that is asked by a lot of people in Sandwich is "Just what is the distinction between an accountant and a bookkeeper?" The truth is that although at one time the bookkeeping process, was considered beneath the qualifications, experience and skill-sets of an accountant, because of software improvements over the past 10 years or so, most accountancy firms in Sandwich will now consider taking on bookkeeping. To make sure their bookkeeping services are in step with an independent bookkeeper's fee, it is now fairly common for many accountancy companies to charge a fixed fee for these services. This is good news for business owners as it provides a greater variety of competition within the marketplace and can make the cost of your bookkeeping cheaper than initially thought.
The big difference of an accountant over a bookkeeper is the amount of qualification and training required. At least an accounting degree with specialist training in taxation and other business and financial management, will generally be held by an accountant. While likely not holding the same financial qualifications, or having this level of experience and training, a bookkeeper in Sandwich will have a pretty good understanding of all these skills.
A BOOKKEEPER'S RESPONSIBILITIES
The act of bookkeeping in simple terms, is to record the daily financial transactions of any business enterprise in Sandwich. This may include, but isn't limited to;
- Billing of clients for work completed or goods.
- Documenting the receipt of invoices and ensuring that payment is completed punctually.
- Payroll services.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- VAT recording and submissions.
- Monthly reporting and reconciliation.
- Recording of all financial incomings; card, cash and electronic payments included.
- Ensuring double-entry bookkeeping and accounting practices are observed.
While it is dependent on the extent of the service you are interested in, if you're in a position to undertake the larger part of your own bookkeeping work, a professional bookkeeper might only be needed to double check your figures periodically. To allow for any mistakes or problems to be discovered and corrected promptly, this needs to be monthly as a bare minimum. This can be the most cost-effective trade-off, provided that you are confident of staying on top of your monetary transactions without impacting on your daily business activities.
Whatever the scenario is with your business or company, if you're currently considering hiring a bookkeeper in Sandwich, it's a good bet that you may be fretting over the process of financial recording and taxes. A professional bookkeeper will be able to help you to link the most suitable software with your business accounts to enable the seamless organisation of financial data, and will give guidance and advice on procedures like invoicing, preparing expense reports and stocktaking.
The correct reconciliation of cash flow with accounts payable is one of the most important aspects of good bookkeeping practice. Which means that rather than paying an outstanding bill right away, or waiting for an overdue notice, which many small businesses in Sandwich are guilty of, your bookkeeper will optimise the payment of bills to times when your accounts are in good shape and buoyant. This isn't merely to ensure that your business or enterprise is financially stable at all times, but also to keep you in good stead with the businesses who provide your materials or services. This is a balancing act that you may find difficult to accomplish on your own when you are completely focussed on running your business.
For your small business, or if you are a sole trader, employing a competent bookkeeper in Sandwich, gives you the chance to have an impartial eye cast over your financies. This nonpartisan assessment can enable them to notice business trends and patterns that you may have disregarded. It's not at all unheard of for a keen eyed bookkeeper to flag an area of the business which is dropping in profits, or spot an opportunity which could be worth investigating. For ensuring the growth of any business enterprise in Sandwich, it is vital that such KPI's (key performance indicators) are spotted early.
It can sometimes be rather awkward to pursue late payments if your business sends out invoices. If that telephone call or visit to your clients is done by an independent person from outside your business situation, it's possible for most of that apprehension to be removed. If you have problems with a consistent late or non-payer there are legal methods that a bookkeeper can make use of to help to clear up the situation before the issue winds up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
There are some relatively straightforward sole trader bookkeeping requirements, which are laid out by law. Sole traders are expected to keep a record of expenditure and income on a month by month basis and retain all receipts and invoices. It's still a wise move to hire the expert services of a competent bookkeeper, although this might at first sound simple. A specialist sole trader bookkeeper in Sandwich will be in a position to advise you on what you may be able to claim back from HMRC as business expenses. This may include bills and rent if you work from home, promotional advertising, items such as computers, stationery goods and consumables. Chat to your local bookkeeper for more detailed advice and discover how they may be able to help your small business to grow and prosper.
There are certain niches in bookkeeping where the skills of a specialist might be required. As an example, if you run an online store, you'll want to employ a bookkeeper in Sandwich who understands online payment procedures, cross-border and international taxes, multi-currency processing and exchange rate transfers. Overseeing inventory on a 24 hours a day basis is also a huge concern, if that same store sells goods that you produce or hold, as I'm sure you will be aware the internet doesn't sleep, so nor should your bookkeeping services and software.
It is also possible to provide a remote virtual office, which can be utilised in combination with your bookkeeping service and package. This is handy in allowing a sole trader or online only business to have a phone service and postal address to provide a physical connection to their customer base. It's definitely worth talking about this possibility if it is needed, although not all bookkeeping businesses in Sandwich will offer this solution.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the qualifications in the bookkeeping industry are at Diploma and Certificate level, and a professional bookkeeper in Sandwich needn't hold a degree. Although there are a array of online courses available, bookkeeping qualifications can still be obtained through further education universities and colleges, if that is the chosen route.
To provide certification and training for bookkeepers, there are basically 2 primary organisations of interest:
The AAT (Association of Accounting Technicians): Entitled to use the letters AATQB, a fully trained member of the AAT or Association of Accounting Technicians will have undergone advanced qualifications and training in bookkeeping. They can then become licensed AAT bookkeepers, approved by this respected organisation, which guarantees a certain standard of service for their clients. To safeguard the trustworthiness of the AAT membership, if an AAT bookkeeper is found to have contravened the code of practice or has a complaint against them, they may be subject to tribunal and disciplinary procedures.
The ICB or Institute of Certified Bookkeepers: The Institute of Certified Bookkeepers (ICB) is the largest in the world and supplies certification for qualified bookkeepers, in addition to reference material and training to keep their members up-to-date.
By going to their respective websites, you're able to inspect the register of AAT or ICB members, to confirm the qualifications of any bookkeeper in Sandwich. Before you hire any local bookkeeper in Sandwich it is generally a good idea to carry out this check.
Bookkeeping services are available in Sandwich and also in nearby places like: Great Mongeham, Upstreet, Goodnestone, Minster, Worth, Shatterling, Betteshanger, Sarre, Deal, Wingham, Eastry, Cliffs End, Tilmanstone, Preston, Monkton, and in these postcodes CT13 9AL, CT13 0BG, CT13 3AR, CT13 0BN, CT13 9FZ, CT13 0BQ, CT13 9BQ, CT13 0AN, CT13 9EE, CT13 9AP. Local Sandwich bookkeeper services will most likely have the telephone code 01304 and the postcode CT13. Verifying this can make certain that you access local bookkeepers. Sandwich sole traders and business owners will be able to benefit from these and numerous other comparable services.
Sandwich Bookkeeper Questions
Last week I was going over the most common questions people ask regarding bookkeepers in Sandwich. Many of you submitted useful questions that I considered to be applicable to this blog post. The most appropriate ones seemed to be, Which bookkeeping software is best? Can a bookkeeper be held liable? What does a bookkeeper do? Where can I hire a bookkeeper in Sandwich? What are the benefits to hiring a bookkeeper? How much do bookkeeping companies charge? When should I hire a bookkeeper? Are bookkeeping and accounting the same? Does bookkeeping include payroll? We hope the majority of those queries have been dealt with in the preceding paragraphs, and if not we'll be adding a bookkeeping "Q&A" section shortly. My thanks go to Sam Clark, Nate Andrews, Zander Read and Jocelyn Simmons, for taking the trouble to raise their questions. We also got enquiries from Margaret Howarth in Upstreet, Justin Rowland in Tilmanstone and Violet Clarkson in Betteshanger.
Kent Bookkeeping Enquiries
Current Kent bookkeeping enquiries: Safa Nash in Warden, Kent was looking for a bookkeeper for her netball club. Jensen Baker from Speldhurst, Kent was asking about bookkeeping services for his pub. Scarlett-Rose Corr in East Peckham, Kent was interested in a bookkeeper to do her tax returns. Regan Simpson in Swanscombe was interested in a bookkeeper to do his Self-Assessment tax returns. Myah Mckenna from Kingsdown, Kent was asking about bookkeeping services for her hairdressing business. Lucca Jewell from Grain, Kent was looking for a bookkeeper for his cake shop. Oscar Dixon from Borden was looking for bookkeeping for his soccer club. Dexter Carling from Brabourne Lees, Kent was hunting for bookkeeping for his construction company. Most of these local clients searched for "Bookkeepers Kent" and located this webpage on either Google, Yahoo or Bing.
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Sandwich Bookkeeper Tasks
Most bookkeepers in Sandwich will be prepared to provide you with the following bookkeeping services: bank reconciliations Sandwich, landlord bookkeeping Sandwich, bookkeeping for shops, business bookkeeping in Sandwich, bookkeeping for charities, bookkeeping services for societies Sandwich, personal tax returns Sandwich, PAYE & wages, corporation tax returns, bookkeeping for organisations, management reports, tax return preparation, bookkeeping for home-based businesses, charity bookkeeping Sandwich, partnership tax returns, invoice processing, Sage bookkeeping, profit & loss reports, bookkeeping for self-employed in Sandwich, accountancy packages, Self-Assessment tax returns, letting agent bookkeeping Sandwich, QUOTE FORM provided. We'll get back to you with specifics as soon as we are able.in Sandwich, cash books, professional bookkeeping services Sandwich, maintaining fixed asset registers, bookkeeping for retail outlets, bookkeeping for restaurants, franchise bookkeeping Sandwich, VAT returns, and more. These are just a few of the duties that are accomplished by local bookkeepers. Sandwich companies will inform you of their whole range of services. If there are additional Sandwich bookkeeper requirements that you need but cannot see here, you should mention them on the
Bookkeepers Near Sandwich
Also here.: Goodnestone bookkeepers, Tilmanstone bookkeepers, Cliffs End bookkeepers, Deal bookkeepers, Preston bookkeepers, Shatterling bookkeepers, Sarre bookkeepers, Wingham bookkeepers, Great Mongeham bookkeepers, Eastry bookkeepers, Worth bookkeepers, Upstreet bookkeepers, Monkton bookkeepers, Betteshanger bookkeepers, Minster and more. The majority of these towns and villages are covered by local bookeepers. Sandwich businesses can get quotes for bookkeeping services by clicking
- Sandwich Cheap Bookkeeping
- Sandwich Bookkeeping Estimates
- Sandwich Payroll Services
- Sandwich Credit Control
- Sandwich Cash Flow Analysis
- Sandwich Sole Trader Bookkeeping
- Sandwich Double-Entry Bookkeeping
- Sandwich Small Business Bookkeeping
- Sandwich VAT Returns
- Sandwich Self-Assessment Bookkeeping
- Sandwich Profit and Loss Reporting
- Sandwich Bank Reconciliations
- Sandwich Tax Preparation
- Sandwich Tax Returns
Bookkeepers Around Sandwich: People living in the following streets and roads have recently requested bookkeeping services - St Andrew's Lees, Strand Street, St George's Lees, Vicarage Lane, Short Street, No Name Street, Foster's Court, King Street, Dover Road, Loading Bay Approach, Cattle Market, Knightrider Street, Fordwich Place, Ash Road, St Georges Place, Austins Lane, Whitefriars Meadow, Mill Wall Place, East Road, Stour Court, Loop Street, Bell Lane, School Road, Harnet Street, Manwood Road, as well as the following Sandwich area postcodes: CT13 9AL, CT13 0BG, CT13 3AR, CT13 0BN, CT13 9FZ, CT13 0BQ, CT13 9BQ, CT13 0AN, CT13 9EE, CT13 9AP.
If you're interested in local info relating to Sandwich, Kent click here
More Kent Bookkeepers: More Strood, Gravesend, Sandwich, Sittingbourne, Tenterden, Sheerness, Meopham, Swanley, Bearsted, Gillingham, Sturry, Boxley, Westgate-on-Sea, East Malling, Northfleet, Minster, Hartley, Chatham, Folkestone, Cranbrook, Lydd, Tunbridge Wells, Maidstone, Canterbury, Westerham, Broadstairs, Edenbridge, Tonbridge, Whitstable, Pembury, New Romney, Walmer, Dover, Margate, Faversham, Paddock Wood, Wilmington, Dartford, Deal, Rochester, Ashford, Sevenoaks, Herne Bay, Southborough, Swanscombe, Kingsnorth, West Kingsdown, Birchington-on-Sea, Biggin Hill and Staplehurst.:
Bookkeepers in CT13 area, 01304.
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