Bookkeepers Staines Surrey (TW18): Regardless of whether you operate an online store, are a sole trader or run a small business in Staines, you are entirely responsible for keeping accurate, "true and fair" financial and accounting records for at least 6 yrs according to the 2006 Companies Act. Failing to produce such detailed records may leave you facing disqualification as a Company Director, as well as a hefty fine. There is a significant time investment involved with compiling these financial recordings yourself, and it is often better to employ a professional bookkeeper or accountant, especially if you consider that according to the magazine Accounting Today over forty percent of small businesses spend over eighty hours every year doing their accounts.
The time has come to get in touch with a bookkeeper in Staines for guidance and advice, if you're filled with panic simply thinking about the possiblility of tracking assets and liabilities, filling out ledgers, preparing profit, loss and financial statements or producing balance sheets.
BOOKKEEPER OR ACCOUNTANT?
"Precisely what is the difference between a bookkeeper and an accountant?" Is a question that's asked by a lot of business owners in Staines. In the old days it was generally regarded as to be beneath the skill-sets, qualifications and experience of an accountant to do the work of a bookkeper, but due to software developments over the past 10 yrs, many bookkeeping duties will now be carried out by accountancy firms in Staines. To ensure their bookkeeping services are in step with a dedicated bookkeeper's fee, it is now quite common for accountancy companies to charge a flat rate for these services. Since it provides a greater variety of competition within this sector, this is fantastic news for business owners in Staines, making their bookkeeping costs much more manageable than they previously were.
The standard of training and qualification required is the biggest difference between a bookkeeper and an accountant. An accountant will typically a least hold a degree in accounting with specialist training in taxation and other business and financial management. Whilst bookkeepers in Staines will have a good understanding of these skills, they might not hold the qualifications or levels of training and experience in this field.
RESPONSIBILITIES OF A BOOKKEEPER
The process of bookkeeping put in the simplest of terms, is the recording of the day by day monetary transactions of any business in Staines. This may include, but is not limited to;
- Recording of all financial incomings; including electronic, cash and card payments.
- VAT recording and submissions.
- Payroll services.
- Monthly reconciliation and reports.
- Billing of clients for work completed or goods.
- Making sure that accounting and double-entry bookkeeping practices are implemented.
- Highlighting and rectifying any discrepancies in financial accounts.
- Logging the receipt of invoices and making sure payment is completed promptly.
Depending on the level of service you require, a professional bookkeeper might just be needed to periodically double-check your records, if you are able to perform the vast majority of bookkeeping work yourself. So that any problems or mistakes can be identified and corrected promptly, as a bare minimum, this should really be each month. This might be the most cost-effective trade-off, provided that you're confident of keeping up-to-date with your financial transactions without affecting your day to day trading operations.
Whatever your situation, if you are looking to hire a bookkeeper in Staines, it is a good bet that you may be getting stressed about the financial recording aspects of your small business. To enable the seamless processing of financial data, a professional bookkeeper will help you link the most suitable software program to your accounts, and will offer advice and guidance on stuff like stocktaking, invoicing and preparing expense reports.
An especially important aspect of good bookkeeping is being able to reconcile cash flow with accounts payable. This means that by scheduling bill payments to times when your finances are in good shape, your bookkeeper will avoid the mistake that most small businesses are guilty of at some time or other i.e. paying a bill straight away, or waiting on a final notice. This does not just keep your business enterprise financially secure, but keeps you in the good books of suppliers and those who supply services to you. This is a juggling act that can be difficult to accomplish as an individual when you're purely focussed on the smooth running of your business.
Having somebody who's unconnected to the business cast an expert eye over your financial affairs, is another benefit of employing a certified bookkeeper in Staines if you are a sole trader, or for your small business. It could be that business patterns and trends that you may have disregarded could thus be highlighted. It's by no means uncommon for an intelligent bookkeeper to flag up an area which is dropping in profits, or spot a new opportunity that could prove lucrative. Such KPI's (key performance indicators) are crucial in driving growth for any business enterprise in Staines.
If you send out invoices in your business operations, needing to pursue a late payment can be quite awkward. By having somebody outside your normal business bubble make that phone call or visit to your customer, some of that embarrassment can be eliminated. To help resolve the issue, if you've got problems with a persistent late payer, there are methods that can be employed by a professional bookkeeper, so that court proceedings can be averted.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The requirements for bookkeeping by a sole trader, as laid out by law, are pretty uncomplicated and easily understandable. It's required that sole traders should track expenditure and income on a monthly basis and save all receipts and invoices. Whilst this might sound simple it is still a good idea to retain the expert services of a bookkeeper. A professional sole trader bookkeeper in Staines can advise you on what you are able to claim back from HMRC as business expenses. This may include advertising expenses, stationery, bills and rent if you work from home, items such as laptops and consumables. To learn how to help your business grow, talk to a trusted bookkeeper for more comprehensive advice and guidance.
ONLINE TRADERS IN STAINES
Some business enterprises that operate in niche areas, may need to use a specialist bookkeeper. If, for example, you run an online store, you're going to require a bookkeeper in Staines who is familiar with exchange rate transfers, online payments, multi-currency processing and cross-border and international taxes. If you hold or produce the goods that you sell on that store, then it will be a major concern for your bookkeeping software or services to monitor your stock on a 24 hours a day basis, because of course, the internet never sleeps.
It is also possible to provide a remote virtual office, which can be utilised in conjunction with your bookkeeping package. Providing a physical connection to their customers, this allows a sole trader or online only business to have a phone service and postal address. Not all Staines bookkeeping companies will be able to supply this option, but it's worth talking about if it is required.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the qualifications in the field of bookkeeping are at Diploma or Certificate level, and a certified Staines bookkeeper does not need to have a degree. There is an ever-increasing number of online courses available, although qualifications can still be obtained via further education universities and colleges.
To provide training and certification for bookkeepers, there are basically 2 primary organisations of interest:
The AAT (Association of Accounting Technicians): Able to use the letters AATQB, a fully trained member of the Association of Accounting Technicians or AAT will have undergone advanced qualifications and a training schedule in bookkeeping practice. They are then entitled to become approved AAT bookkeepers, which promises their clients a level of service which is backed up by the association. If a bookkeeper who is a member of the AAT has a complaint against them or is found to have breached the code of practice they can be liable to tribunal and disciplinary processes to safeguard the integrity of AAT membership.
The ICB or Institute of Certified Bookkeepers: Keeping their members current with the latest trends and developments, the ICB or Institute of Certified Bookkeepers is the largest organisation anywhere in the world, providing accreditation to certified bookkeepers, along with reference material and training.
By going to their websites, it's possible to check the register of ICB or ATT members, to verify the accreditations of any bookkeeper. Prior to hiring the services of any bookkeeping company in Staines, it is clearly wise to perform such checks.
Bookkeeping services are available for people living in in Staines and also nearby in: Fordbridge, Harmondsworth, East Bedfont, Poyle, Datchet, Englefield Green, Stanwell, Lyne, Brands Hill, Egham, Stanwell Moor, Wraysbury, Colnbrook, Virginia Water, Old Windsor, Ashford, Horton, as well as in these postcodes TW18 1BB, TW18 1LR, TW18 1EQ, TW18 1HQ, TW18 1QB, TW18 1PH, TW18 1EG, TW18 1PX, TW18 1HA, TW18 1AY. Locally based Staines Bookkeepers will most likely have the postcode TW18 and the telephone dialling code 01784. Checking this can confirm that you are accessing local bookkeepers. Staines sole traders and business owners can utilise these and various other similar services.
Staines Bookkeeper Tasks
Most Staines bookkeepers will be able to provide you with the following accounting and bookkeeping services: accountancy packages, Kashflow bookkeeping, mobile bookkeeping services, bookkeeping services for pubs, wages & PAYE, Xero bookkeeping Staines, bookkeeping quotations, bookkeeping for charities, bookkeeping services for limited companies in Staines, bank reconciliations, bookkeeping services for startups, bookkeeping for restaurants Staines, tax returns in Staines, Quickbook bookkeeping services in Staines, general bookkeeping services in Staines, accounting and bookkeeping, bookkeeping for home-based businesses, bookkeeping for shops in Staines, bookkeeping for societies, accounting and bookkeeping services, small business bookkeeping, bookkeeping for clubs, double-entry bookkeeping in Staines, VAT returns, independent bookkeeping services, bookkeeping for payroll, and more. These are just a selection of the duties that are undertaken by local bookkeepers. Staines providers will be delighted to keep you abreast of their full range of bookkeeping services. If there are some other Staines bookkeeper requirements that you want but cannot see here, you should list them on the QUOTE FORM provided. We'll get back to you with details as soon as we are able.
Bookkeepers Near Staines
Also here.: Harmondsworth bookkeepers, Wraysbury bookkeepers, Poyle bookkeepers, Old Windsor bookkeepers, Ashford bookkeepers, Stanwell Moor bookkeepers, Lyne bookkeepers, Egham bookkeepers, Englefield Green bookkeepers, Virginia Water bookkeepers, Stanwell bookkeepers, Datchet bookkeepers, East Bedfont bookkeepers, Colnbrook bookkeepers, Fordbridge bookkeepers, Brands Hill bookkeepers, Horton and more. Most of these towns and villages are covered by local bookeepers. Staines traders and businesses can get prices for bookkeeping services by going
- Staines Payroll Services
- Staines Self-Assessment Bookkeeping
- Staines Sole Trader Bookkeeping
- Staines Small Business Bookkeeping
- Staines Cheap Bookkeeping
- Staines Credit Control
- Staines VAT Returns
- Staines Bookkeeping Services
- Staines PAYE and Wages
- Staines Cash Flow Analysis
- Staines Tax Preparation
- Staines Tax Returns
- Staines Bookkeeping Price Quotes
- Staines Double-Entry Bookkeeping
Bookkeepers Around Staines: People who live in these nearby Staines roads and areas have just recently inquired about bookkeeping services - Wraysbury Gardens, Riverfield Road, Westbrook Road, Ruskin Road, Lammas Close, River Road, Meadway Close, Pinewood Drive, Budebury Road, Eton Court, Riverside Close, Langley Road, The Cygnets, St Pinnock Avenue, Knowle Green, St Peter's Close, Church Street, Elmsleigh Road, Riverside Road, Charter Place, Octavia Way, Penton Avenue, Murdoch Close, Yeoveney Close, Jamnagar Close, as well as these local Staines postcodes: TW18 1BB, TW18 1LR, TW18 1EQ, TW18 1HQ, TW18 1QB, TW18 1PH, TW18 1EG, TW18 1PX, TW18 1HA, TW18 1AY.
Staines Information: Staines (or Staines-on-Thames) is a town located in the county of Surrey on the banks of the River Thames. It has been occupied since at least Roman times being an important crossing over the river for trade and communication. The Romans called it Ad Pontes or Pontes. Staines today has a population of around 18,000 and is a busy commuter town for those working in The City. The postcode for Staines is TW18 and the telephone dialling code for the area is 01784. Staines is situated about 4 miles from Ashford, 6 miles from Feltham, 15 miles from Guildford and 25 miles from central London. It is also very close to Heathrow Airport and Thorpe Park Resort. (Tags: Staines Surrey, Staines-on-Thames Surrey, Staines England)
More Surrey Bookkeepers: More Weybridge, Woking, Dorking, Esher, Farnham, Caterham, Redhill, Ewell, Hersham, Banstead, Reigate, Molesey, Guildford, Horley, Windlesham, Godalming, Sunbury-on-Thames, Ash, Epsom, Haslemere, Chertsey, Cranleigh, Addlestone, Camberley, Staines, Walton-on-Thames and Leatherhead.:
Bookkeeping Jobs Staines: Get bookkeeping jobs in Staines by going here: Bookkeeping Jobs Staines
Bookkeepers in TW18 area, 01784.
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