Bookkeepers Shoreham-by-Sea West Sussex (BN43): Regardless of whether you own a small business, run an online store or are a sole trader in Shoreham-by-Sea, you're responsible for maintaining accurate, "true and fair" financial and accounting records for a minimum of 6 years to comply with the Companies Act (2006). If you can't produce this information, you may face disqualification as a Company Director and receive a fine of thousands of pounds. Accounting Today states that over forty percent of small business owners spend eighty hours plus every year doing their accounts, so while you can do these financial recordings on your own, it can be more cost-effective to use a professional bookkeeping service or accountant to do them for you.
If you're overcome with a sense of dread merely thinking about the possiblility of compiling balance sheets, tracking assets and liabilities, writing out ledgers or creating profit, loss and fiscal reports, then the time to contact a bookkeeper in Shoreham-by-Sea for advice and guidance has arrived.
BOOKKEEPER OR ACCOUNTANT?
For many small business owners in Shoreham-by-Sea, an obvious question when faced with this predicament is "What is the difference between a bookkeeper and an accountant?" The truth is that whilst at one time the bookkeeping process, was regarded as beneath the skill-sets, experience and qualifications of an accountant, because of improvements in software over the past decade or so, many accountancy firms in Shoreham-by-Sea will now consider taking on bookkeeping tasks. To ensure their bookkeeping services are consistent with a typical bookkeeper's fee, it is now quite common for many accountancy firms to charge a flat rate for such services. This means that the cost of bookkeeping is much more affordable than it previously was, and is good news for small business owners in Shoreham-by-Sea because it generates a broader range of competition within the marketplace.
It is essentially the amount of training and qualification that is needed for each of these disciplines, that reflects the main difference between an accountant and a bookkeeper in Shoreham-by-Sea. Usually holding an accounting degree, a professional accountant should also have had additional training in tax preparation and have qualifications in business and financial management. A bookkeeper in Shoreham-by-Sea will undoubtedly have an understanding of these fiscal disciplines, but might not necessarily have the same levels of training and experience, or hold these qualifications.
RESPONSIBILITIES OF A BOOKKEEPER IN SHOREHAM-BY-SEA
The recording of daily monetary transactions of any enterprise or business in Shoreham-by-Sea, describes the act of bookkeeping in simple terms. This may include;
- Recording of all financial incomings; card, cash and electronic payments included.
- Payroll services.
- VAT recording and submissions.
- Monthly reconciliation and reporting.
- Billing of customers for work completed or goods.
- Highlighting any discrepancies in financial accounts and rectifying them.
- Recording invoices received and making certain payment is completed promptly.
- Making sure that accounting and double-entry bookkeeping practices are followed at all times.
Contingent upon the level of service you need, e.g. whether you are willing to carry out the larger part of your bookkeeping work; a bookkeeper might just be necessary for double-checking your records on a set schedule. This needs to be on a monthly basis at the bare minimum, as this allows for any problems or mistakes to be identified and corrected speedily. This might be the most cost-effective trade-off, providing that you're able to stay up-to-date with your monetary transactions without impacting on your day by day trading duties.
Whatever the situation is with your business, if you are seriously looking at hiring a bookkeeping service in Shoreham-by-Sea, it's fairly likely that you may be having problems with the process of financial recording and tax returns. To facilitate the seamless sorting of transactional data, a good bookkeeping company will help you to link the most up-to-date software program to your accounts, and will offer assistance with things like invoicing, creating expense reports and stocktaking.
The effective reconciliation of cash flow with accounts payable is one of the most important elements of a good bookkeeping service. This means that by arranging bill payments to times when your finances are buoyant and in good shape, your bookkeeper will avoid the thing that a lot of small businesses are guilty of at some time or other i.e. paying a bill immediately, or waiting for an overdue notice. This does not just keep you in the good books of suppliers and those who supply you with services, but also ensures your enterprise or business is on a sound financial footing. When, as an individual, you're completely focussed on the smooth running of your business, this is a juggling act that can be hard to perform.
If you are a sole trader, or own a small business, employing a professional bookkeeper in Shoreham-by-Sea, also gives them the opportunity to cast an expert eye over the financial dealings of your business. Business trends and patterns that might have gone unnoticed could be highlighted by this kind of dispassionate appraisal. A bookkeeper spotting a new opportunity or flagging an area of the business where profits are decreasing, is by no means unheard of. Spotting such key performance indicators (KPI's) is important for enabling growth in any business enterprise in Shoreham-by-Sea.
Having to pursue a late payment can be an embarrassing scenario for you, if you give out invoices in your business operations. Some of that awkwardness can be taken away by having a person outside your normal business bubble make that phone call or visit to your customer. To help with resolving the matter, if you're troubled with a consistent late or non-payer, there are options that can be made use of by a professional bookkeeper, so that legal proceedings can be averted.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The bookkeeping requirements for a sole trader, as laid out by law, are comparatively uncomplicated and easily understandable. This involves retaining all invoices and receipts in relation to the business, and tracking expenditure and income on a month by month basis. Now, this does not sound that hard does it? But, it is still advisable to hire the services of a competent bookkeeper to make sure that it's all done properly. Offering advice on what bonafide business expenses you are able to claim back, a professional sole trader bookkeeper in Shoreham-by-Sea will look after your dealings with HMRC. This may include printer ink, advertising, rent and bills if working from home, stationery goods and items such as computers. To learn how to help your business to grow and prosper, speak to your bookkeeper for more in-depth advice.
BOOKKEEPING FOR ONLINE TRADERS IN SHOREHAM-BY-SEA
Certain business enterprises that work in niche areas, might need to employ a specialised bookkeeping service. For example, if you run a store online, you'll want to employ a bookkeeper in Shoreham-by-Sea who understands multi-currency processing, exchange rate transfers, international and cross-border taxes and online payment procedures. Monitoring your inventory on a 24/7 basis is also a huge concern, if that same shop sells goods that you hold or produce, as I'm sure you will be aware the internet never sleeps, so neither should your bookkeeping software or services.
In combination with your bookkeeping service, a virtual office can also be supplied. This allows an online only business or sole trader to provide a physical link with their buyers, via a postal address and telephone service. Not all Shoreham-by-Sea bookkeepers will be in a position to provide this option, but it is worthwhile talking about if it's something that could be of benefit.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A professional bookkeeper in Shoreham-by-Sea needn't have a university degree and a lot of the industry qualifications are at Diploma or Certificate level. There is a choice of courses available online, although bookkeeping qualifications can still be gained through further education universities and colleges.
Bookkeepers are represented by 2 primary training and certification organisations:
The Association of Accounting Technicians or AAT: With fully trained bookkeepers being able to use the letters AATQB, the AAT (Association of Accounting Technicians) provides advanced qualifications and training. They're then entitled to become licensed AAT bookkeepers, which assures their customers a level of service which is backed up by the organisation. To protect the integrity of AAT membership, if a bookkeeper who is affiliated with the AAT has a complaint against them or is found to have broken the code of conduct they will be subject to tribunal and disciplinary processes.
The Institute of Certified Bookkeepers (ICB): Offering accreditation to bookkeepers, along with training and reference material to keep their members up-to-speed with the latest trends and innovations, the Institute of Certified Bookkeepers (ICB) is the largest organisation anywhere in the world.
By going to their respective websites, it's possible to check out the qualifications of any professional bookkeeper on the register of AAT or ICB members. Before you retain the services of any local bookkeeper in Shoreham-by-Sea it's advisable to implement this check.
Bookkeeping services are available for those living in in Shoreham-by-Sea and also in: Portslade, Goring, Coombes, Storrington, Southwick, Fishergate, Findon, Woodmancote, Hove, Lancing, Broadwater, Worthing, Wiston, Upper Beeding, Washington, Sompting, Ashington, Small Dole, Fulking, together with these postcodes BN43 5AU, BN42 4SJ, BN43 5AQ, BN42 4HJ, BN43 5HH, BN43 5NA, BN43 5BW, BN43 5NB, BN43 5EX, BN43 5AP. Locally based Shoreham-by-Sea Bookkeepers will most likely have the postcode BN43 and the phone code 01273. Checking this should guarantee that you access local bookkeepers. Shoreham-by-Sea sole traders and business owners are able to utilise these and many other comparable services.
Shoreham-by-Sea Bookkeeper Tasks
Most Shoreham-by-Sea bookkeepers will be prepared to provide you with the following bookkeeping services: payment services in Shoreham-by-Sea, company cash books, professional bookkeeping services Shoreham-by-Sea, bookkeeping services for pubs, bookkeeping for shops in Shoreham-by-Sea, bookkeeping for restaurants Shoreham-by-Sea, management accounts, accountancy packages, Self-Assessment tax returns Shoreham-by-Sea, double-entry bookkeeping, bookkeeping for organisations, Xero bookkeeping services, franchise bookkeeping Shoreham-by-Sea, bookkeeping services for clubs in Shoreham-by-Sea, bookkeeping services, letting agent bookkeeping Shoreham-by-Sea, management reports, Sage bookkeeping services, mobile bookkeeping services, Kashflow bookkeeping in Shoreham-by-Sea, cash flow analysis, payroll bookkeeping, bookkeeping for charities Shoreham-by-Sea, bookkeeping for home-based businesses, bookkeeping for tradesmen, bookkeeping services for retail outlets, Quickbook bookkeeping services, cheap bookkeeping services, and more. These are just a small portion of the activities that are handled by local bookkeepers. Shoreham-by-Sea professionals will be happy to inform you of their entire range of services. If there are some other Shoreham-by-Sea bookkeeper requirements that you need but cannot see here, you can easily mention them on the QUOTE FORM provided. We will be in touch with details as soon as we are able.
Bookkeeper West Sussex
In the West Sussex area you will also find: Mid Lavant accounts services, Barns Green bookkeeping accountants, Steyning bookkeeper, Copthorne bookkeeping, Durrington accounts services, Bosham bookkeeping services, Partridge Green bookkeeper, Chidham bookkeepers, Aldingbourne bookkeeping, West Wittering bookkeeping, Milland bookkeeping, Colgate bookkeeping, Turners Hill bookkeepers, Yapton bookkeeper, Aldwick bookkeeping services, Angmering bookkeeper, Arundel bookkeeping, Copthorne accounts services, Bolney accounts services, Thakeham bookkeeping, Rusper bookkeeping services, West Hoathly bookkeepers, Southwick bookkeeper, Rustington accounts services, Handcross bookkeeping, Sayers Common bookkeepers, Bolney bookkeeping, Birdham bookkeeping accountants, Boxgrove bookkeepers, Small Dole bookkeeper. All around West Sussex you should be able to locate bookkeepers who will offer you various services for all your security needs. If you can't identify a satisfactoryin Shoreham-by-Sea itself then you will no doubt be able to find a decent one someplace nearby.
Bookkeeping Enquiries West Sussex
Recent West Sussex bookkeeping enquiries: Zaara Wilton in Horsted Keynes, West Sussex was trying to find a bookkeeper for her hairdressing business. Francesco Hubbard in Partridge Green was trying to find bookkeeping for his plumber's business. Jonah Forsyth was in need of a bookkeeper for his letting agency close to Storrington, West Sussex. Zoya Lynn from Walberton was trying to find a bookkeeper for her tennis club. Arissa Simmons from Rogate, West Sussex was enquiring about bookkeeping for her bistro. Jeremiah Willis from Kirdford, West Sussex was hunting for bookkeeping services for his book club. Angelo Best from Yapton, West Sussex was interested in bookkeeping for his basketball club. Enya Mistry from Colgate, West Sussex was asking about bookkeeping services for her fashion company. All these local customers searched for "Bookkeepers West Sussex" and discovered this website on either Google, Yahoo or Bing.
Bookkeepers Near Shoreham-by-Sea
Also here.: Upper Beeding bookkeepers, Washington bookkeepers, Worthing bookkeepers, Ashington bookkeepers, Lancing bookkeepers, Fulking bookkeepers, Coombes bookkeepers, Woodmancote bookkeepers, Southwick bookkeepers, Wiston bookkeepers, Portslade bookkeepers, Storrington bookkeepers, Findon bookkeepers, Broadwater bookkeepers, Fishergate bookkeepers, Goring bookkeepers, Sompting bookkeepers, Hove bookkeepers, Small Dole and more. Most of these locations are covered by local bookeepers. Shoreham-by-Sea businesses can get prices for bookkeeping services by clicking
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Bookkeepers Around Shoreham-by-Sea: People who live in the following Shoreham-by-Sea areas and roads have just recently enquired about bookkeeping services - Buckingham Street, The Burrells, Annington Gardens, Surry Street, Truleigh Way, Corbyn Crescent, The Marlinspike, Dolphin Road, Dolphin Way, Cypress Close, Thyme Close, Shingle Road, Buckingham Road, Tarragon Way, The Cygnets, Saffron Close, Chanctonbury Drive, Beach Road, Southdown Road, Adur Road, Swiss Gardens, Shoreham Airport, Anchor Close, Southview Close, The Moorings, Seahaven Gardens, The Martlets, as well as these local Shoreham-by-Sea postcodes: BN43 5AU, BN42 4SJ, BN43 5AQ, BN42 4HJ, BN43 5HH, BN43 5NA, BN43 5BW, BN43 5NB, BN43 5EX, BN43 5AP.
More West Sussex Bookkeepers: More Rustington, Shoreham-by-Sea, Chichester, Worthing, Crawley, Horsham, Lancing, Southwick, Hurstpierpoint, Haywards Heath, Southwater, Bognor Regis, East Grinstead, Burgess Hill and Littlehampton.:
Bookkeeping Jobs Shoreham-by-Sea: Browse bookkeeping jobs in Shoreham-by-Sea by clicking here: Bookkeeping Jobs Shoreham-by-Sea
If you want local information on Shoreham-by-Sea, West Sussex click here
Bookkeepers in BN43 area, 01273.
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