Bookkeepers Stockton-on-Tees

Stockton-on-Tees Bookkeeping Services

Bookkeepers Stockton-on-Tees County Durham (TS19): For anybody in Stockton-on-Tees who owns a small business, operates an online store or acts as a sole trader, it's their sole responsibility to maintain "true and fair", accurate financial and accounting records for a minimum of six years. This is laid out by the Companies Act. Failing to produce these detailed records may leave you facing a fine of thousands of pounds and potentially Company Director disqualification. You could undertake these financial recordings on your own behalf, although when you consider that according to Accounting Today magazine over 40% of small businesses spend eighty hours plus every year on their accounts, it can pay you to employ a professional bookkeeper or accountant.

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If the very thought of creating profit, loss and fiscal reports, writing out ledgers, compiling balance sheets or tracking liabilities and assets brings you feelings of panic, then it is high time to get in touch with a bookkeeper in Stockton-on-Tees for guidance and advice.

BOOKKEEPER OR ACCOUNTANT?

Bookkeepers Stockton-on-Tees County Durham (TS19)

For many business owners in Stockton-on-Tees, an obvious question when faced with this dilemma is "Precisely what is the difference between an accountant and a bookkeeper?" In truth, because of software developments over the past 10 yrs or so many accountancy firms in the Stockton-on-Tees area will take on bookkeeping, which was previously considered to be beneath their qualifications, skill set and experience. It's now quite common for accounting companies to have a fixed fee for bookkeeping services in line with a typical bookkeeper's fee. Business owners in Stockton-on-Tees are now cashing in on this, as it offers a wider variety of competition within the industry and can mean that the cost of bookkeeping is much more manageable than it would previously have been.

When you're looking at the differences between an accountant and a bookkeeper in Stockton-on-Tees, the most notable one is the standard of training and qualification that's required for each discipline. An accountant will, at the minimum, hold a degree in accounting, and will have also had additional training in business and financial management, and taxes. Whilst having a pretty good understanding of such disciplines, a bookkeeper in Stockton-on-Tees may not necessarily have the same levels of training and experience, or hold these qualifications.

RESPONSIBILITIES OF A BOOKKEEPER IN STOCKTON-ON-TEES

The act of bookkeeping put in the simplest of terms, is the recording of the day by day transactions of any business or enterprise in Stockton-on-Tees. This can include;

  • Monthly reconciliations and reports.
  • Ensuring double-entry bookkeeping and accounting practices are implemented.
  • VAT recording and submissions.
  • Recording of all financial incomings; card, cash and electronic payments included.
  • Highlighting and rectifying any discrepancies in the financial accounts.
  • Payroll services.
  • Documenting the receipt of invoices and making certain payment is completed punctually.
  • Billing of clients for work completed or goods.
Bookkeeping Stockton-on-Tees UK (01642)

In accordance with service level you require, a bookkeeper may only be needed to double check your figures periodically, if you're happy to do a large majority of bookkeeping work yourself. This should be done monthly at the bare minimum, since this allows for any problems or mistakes to be uncovered and rectified speedily. If you're confident of staying in control of your daily financial transactions and trading, this trade-off can often be the most affordable option.

Whatever the circumstances are with your small business, if you are seriously looking at hiring a bookkeeper in Stockton-on-Tees, it is a good bet that you could be stressed with the process of financial records and taxes. A professional bookkeeper will be able to offer advice and guidance on everything from invoicing, generating expense reports and stocktaking, to linking the most suitable software with your accounts to facilitate the seamless arrangement of transactional data.

Bookkeeping Enquiries in Stockton-on-Tees County Durham

Being able to reconcile cash flow with accounts payable, is an especially important aspect of a good bookkeeper. This means that your bookkeeper will prioritise bill payments to a time when your accounts are buoyant and in good shape, rather than paying an outstanding bill immediately, or waiting for an overdue notice, which a lot of small businesses in Stockton-on-Tees are guilty of doing. This doesn't just keep you in good stead with suppliers and those businesses who supply services to you, but also makes certain that your business or enterprise is on a secure financial footing. Sadly, this is one of those juggling acts that can be hard to accomplish when you're firmly focussed on the smooth running of your everyday business operations.

Bookkeeper Near Stockton-on-Tees County Durham

For your small business, or if you are a sole trader, employing a qualified bookkeeper in Stockton-on-Tees, presents you with an opportunity to have an eagle eye cast over your financies. It may be that business patterns and trends that you may have disregarded could therefore be highlighted. A scenario where a smart bookkeeper flags an area of the business where profits are dropping, or identifies a new opportunity that may be lucrative, is not at all an unheard of occurrence. Such KPI's (key performance indicators) are important in driving growth for any enterprise in Stockton-on-Tees.

Chasing up late payments can be a fairly humiliating situation for you, if you send out invoices in your business operations. By having a person outside your normal business bubble visit your customer or make that phone call, some of that awkwardness can be taken away. If you've got problems with a consistent late or non-payer there are legal procedures that a professional bookkeeper can employ to help to clear up the situation before the issue winds up in a claims court proceeding.

SOLE TRADER'S BOOKKEEPING REQUIREMENTS

The bookkeeping requirements for a sole trader, as laid out by law, are comparatively straightforward and easy to understand. Sole traders are required to keep a record of expenditure and income on a month by month basis and keep all receipts and invoices. While this may sound simple enough it is still recommended that you retain the services of a bookkeeping company. Advising you on what bonafide business expenses you're able to claim back, a professional sole trader bookkeeper in Stockton-on-Tees will deal with HMRC on your behalf. This could include consumables, advertising expenses, items such as computers, stationery and rent and bills if you work from home. For more comprehensive advice, speak to your local bookkeeper, and discover how they can help your business to thrive and grow going forward.

BOOKKEEPING FOR ONLINE TRADERS IN STOCKTON-ON-TEES

Bookkeeping Services Stockton-on-Tees

Some business enterprises that work in niche markets, may need to use a specialist bookkeeper. If, for example, you run an online store, you will require a bookkeeper in Stockton-on-Tees who understands online payments, cross-border and international taxes, exchange rate transfers and multi-currency processing. Overseeing your inventory and stock on a 24/7 basis is also a huge concern, if the same outlet sells goods that you hold or produce, as I'm sure you'll appreciate the internet doesn't sleep, so neither should your bookkeeping software or services.

Together with bookkeeping services, it is also possible to establish a virtual office. This can be useful in enabling an online only business or sole trader to have a postal address and phone service to provide a physical link with their customer base. It is certainly worth discussing this possibility if it's required, although not all Stockton-on-Tees bookkeepers will supply this option.

PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS

Many of the qualifications in the field of bookkeeping are at Certificate and Diploma level, and a certified bookkeeper in Stockton-on-Tees need not have a degree. There is a growing array of online courses available, although qualifications can still be gained via further education universities and colleges.

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

Local Bookkeeping Services Stockton-on-Tees (TS19)

The Institute of Certified Bookkeepers or ICB: Keeping their associated members up-to-speed with the latest trends, the ICB or Institute of Certified Bookkeepers is the largest organisation of its kind anywhere in the world, providing accreditation to certified bookkeepers, in addition to training and reference material.

The Association of Accounting Technicians (AAT): With fully trained bookkeepers being able to use the letters AATQB after their name, the AAT (Association of Accounting Technicians) provides advanced qualifications and a training schedule. They can then become licensed AAT bookkeepers, backed up by this organisation, which assures a decent standard of service for their customers. If an AAT bookkeeper has a complaint filed against them or is found to have violated the code of conduct they can be liable to disciplinary and tribunal procedures to preserve the trustworthiness of AAT membership.

You are able to check the accreditations of any bookkeeper on the register of ICB or ATT members on their respective websites. Implementing this check is widely recommended before hiring the services of any local bookkeeper in Stockton-on-Tees.

(Tags: Bookkeeper Stockton-on-Tees, Bookkeeping Services Stockton-on-Tees, Bookkeeping Accountants Stockton-on-Tees, Bookkeepers Stockton-on-Tees, Bookkeeping Service Stockton-on-Tees)

Book Bookkeeper in Stockton-on-Tees UK

Bookkeeping services are available in Stockton-on-Tees and also in nearby places like: Wolviston, West Lane, Norton, Little Stainton, Newton Bewley, Redmarshall, Fairfield, Whinney Hill, Roseworth, Normanby, Elm Tree Farm, and in these postcodes TS16 0DF, DL2 1NJ, TS16 0EQ, TS16 0HY, TS16 0GN, DL2 1NW, TS16 0HX, TS16 0LW, TS16 0EA, TS16 0AS. Locally based Stockton-on-Tees Bookkeepers will likely have the postcode TS19 and the telephone code 01642. Checking this will ensure you access locally based bookkeepers. Stockton-on-Tees sole traders and business owners are able to utilise these and various other comparable services.

Outsourced Bookkeeping Stockton-on-Tees

All businesses in Stockton-on-Tees should understand the significance of bookkeeping. It helps business people monitor the total value of their liabilities and assets, the money left in the bank account, their payables/receivables, and so forth. With the business owner having to handle the concerns and issues of operating a business, the task of performing the bookkeeping is normally outsourced to freelance bookkeepers or a bookkeeping company in Stockton-on-Tees.

Outsourcing Bookkeeping

If a company in Stockton-on-Tees employs a bookkeeper so as to become an employee, the company will have to pay out a considerable sum of money in training the individual for the purpose of doing the bookkeeping work. In addition, there is no guarantee that the individual will stay for long in the company. In that situation, the company will have squandered a considerable sum of money for very little return. Aside from that, firms will have to seek out solutions to provide incentives and benefits to keep the trained employee in place. These are just a handful of the reasons why businesses often enlist the services of professional bookkeepers and bookkeeping companies in Stockton-on-Tees.

These professional bookkeeping companies in Stockton-on-Tees 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.

Coming Shortly:

Franchise bookkeeping Stockton-on-Tees.

Stockton-on-Tees Bookkeeper Tasks

Bookkeeper Tasks Stockton-on-Tees

Most bookkeepers in Stockton-on-Tees will be able to offer you the following services: bookkeeping and accounting in Stockton-on-Tees, cash books, Self-Assessment tax returns, bookkeeping for home-based businesses in Stockton-on-Tees, tax returns, bookkeeping services, Quickbook bookkeeping, PAYE & wages, bookkeeping services for pubs in Stockton-on-Tees, bookkeeping for clubs Stockton-on-Tees, partnership tax returns, management accounts, franchise bookkeeping Stockton-on-Tees, cheap bookkeeping services, professional bookkeeping services, off-site bookkeeping, general bookkeeping services Stockton-on-Tees, bookkeeping for startups, Sage bookkeeping, bookkeeping for organisations in Stockton-on-Tees, personal tax returns Stockton-on-Tees, tax preparation, payroll bookkeeping, payment services Stockton-on-Tees, maintaining fixed asset registers, bookkeeping services for small business, bookkeeping rates Stockton-on-Tees, bookkeeping for the self-employed, and more. Listed are just a few of the tasks that are accomplished by local bookkeepers. Stockton-on-Tees providers will inform you of their full range of services. If there are other Stockton-on-Tees bookkeeper requirements that you need but cannot see here, you can easily mention them on the QUOTE FORM provided. We will get back to you with information just as soon as we can.

STOCKTON-ON-TEES BOOKKEEPING QUOTES

Bookkeepers Near Stockton-on-Tees

Also find: Norton bookkeepers, Normanby bookkeepers, Newton Bewley bookkeepers, West Lane bookkeepers, Roseworth bookkeepers, Redmarshall bookkeepers, Fairfield bookkeepers, Elm Tree Farm bookkeepers, Little Stainton bookkeepers, Wolviston bookkeepers, Whinney Hill bookkeeper and more. The majority of these places are serviced by local bookeepers. Stockton-on-Tees residents can get prices for bookkeeping services by going here.

Bookkeeping Services Stockton-on-Tees

Find a Bookkeeper in Stockton-on-Tees Here
Stockton-on-Tees Bookkeeping Services (01642)
  • Stockton-on-Tees Cheap Bookkeeping
  • Stockton-on-Tees Cash Flow Management
  • Stockton-on-Tees Accountancy Packages
  • Stockton-on-Tees Bookkeeping Services
  • Stockton-on-Tees Double-Entry Bookkeeping
  • Stockton-on-Tees Payroll Services
  • Stockton-on-Tees Profit and Loss Reporting
  • Stockton-on-Tees Credit Control
  • Stockton-on-Tees PAYE and Wages
  • Stockton-on-Tees Self-Assessment Returns
  • Stockton-on-Tees Sole Trader Bookkeeping
  • Stockton-on-Tees Tax Preparation
  • Stockton-on-Tees VAT Returns
  • Stockton-on-Tees Bookkeeping Estimates

Bookkeepers Around Stockton-on-Tees: People who live in these nearby Stockton-on-Tees streets and roads have recently requested bookkeeping services - Ternbeck Way, Birch Grove, St Mary's Close, Barford Close, Stafford Close, The Fleet, Templar Street, The Courtyard, Teasel Court, Derwent Street, Station Road, Bedford Street, Birchfield Close, Swallow Lane, Acacia Road, Copse Close, Cassop Walk, Carlton Village, Sussex Walk, Albany Road, Buttermere Road, Stourport Close, Carriage Walk, Church Road, Sycamore Avenue, Billingham Road, Chesterton Avenue, St Bernard Road, as well as these local Stockton-on-Tees postcodes: TS16 0DF, DL2 1NJ, TS16 0EQ, TS16 0HY, TS16 0GN, DL2 1NW, TS16 0HX, TS16 0LW, TS16 0EA, TS16 0AS.

Bookkeeping Jobs Stockton-on-Tees: Find bookkeeping jobs in Stockton-on-Tees by clicking here: Stockton-on-Tees Bookkeeping Jobs

If you need local information about Stockton-on-Tees, County Durham go here

Bookkeepers in TS19 area, phone code 01642.

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(This bookkeepers Stockton-on-Tees article was successfully updated on 25-01-2023)