Bookkeepers Stretford Greater Manchester (M32): In accordance with the Companies Act (2006), if you operate an online store, are a sole trader or run a small business in Stretford, you are entirely responsible for maintaining "true and fair", accurate financial and accounting records for a minimum of 6 years. You could face a hefty fine, and perhaps disqualification as a Company Director, if you cannot produce such records. There is a large investment of time involved with preparing these financial records yourself, and it can pay to employ a professional accountant or bookkeeper, particularly if you consider the fact that according to Accounting Today over 40% of small business owners spend at least eighty hours each year doing their bookkeeping.
It is high time to get in touch with a bookkeeper in Stretford for guidance, if the very thought of tracking assets and liabilities, compiling balance sheets, creating profit, loss and fiscal reports or filling out ledgers fills you with a sense of terror.
BOOKKEEPER OR ACCOUNTANT?
Just what is the difference between an accountant and a bookkeeper is the first question that springs to mind for most business owners in Stretford. The truth is that while in the past the process of bookkeeping, was looked at as beneath the skill-sets, qualifications and experience of an accountant, because of software improvements over the past decade, a lot of accountancy companies in the Stretford area will now undertake bookkeeping. It's currently fairly common for accounting companies to charge a set rate for bookkeeping services in keeping with a typical bookkeeper's fee. This is excellent news for business owners in Stretford as it gives a wider range of competition within the industry and can make the cost of your bookkeeping much more affordable than initially thought.
The main difference of an accountant over a bookkeeper is the standard of training and qualification needed. Typically holding an accounting degree, a professional accountant should also have had training in tax preparation and further qualifications in business and fiscal management. A bookkeeper in Stretford may not hold the qualifications or levels of training and experience, but should still have a fair grasp of these fiscal disciplines.
RESPONSIBILITIES OF A BOOKKEEPER IN STRETFORD
The recording of day by day financial transactions of any business enterprise in Stretford, describes the act of bookkeeping in the simplest of terms. This will include, but isn't limited to;
- Highlighting and rectifying any discrepancies in financial accounts.
- Payroll services.
- Recording of all financial incomings; cash, card and electronic payments included.
- Documenting invoices received and making sure payment is completed on time.
- Ensuring double-entry bookkeeping and accounting practices are followed.
- Billing of customers for goods or work completed.
- Monthly reporting and reconciliation.
- VAT submissions and recording.
Depending on the level of service you need, e.g. whether you are prepared to carry out the larger part of your bookkeeping work; a bookkeeper may only be needed to double check your accounts on a fixed schedule. To allow for any mistakes or problems to be identified and rectified promptly, this ought to be done monthly as a bare minimum. If you are confident of staying on top of your daily financial transactions and trading, this compromise can sometimes be the most cost effective.
If you're presently looking to hire a bookkeeper in Stretford, whatever your situation, it's a good bet that you may be struggling with your tax and financial procedures. A good bookkeeping service will be able to provide guidance and advice on everything from stocktaking, generating expense reports and invoicing, to linking the most up-to-date software application with your accounts to enable the seamless processing of data.
An extremely important element of a good bookkeeper is being able to reconcile accounts payable with cash flow. Which means that rather than waiting on an overdue notice, which many small businesses are guilty of at some time or other, or paying an outstanding bill immediately, your bookkeeper will prioritise bill payments to a time when your finances are in good shape. This isn't just to ensure that your business is financially sound at all times, but also to keep you in the good books of those people who supply your services or materials. This is one of those juggling acts that can be tough to perform when you are mainly focussed on the streamlined running of your day to day business operations.
Having someone who isn't connected to the business cast an eye over your financial dealings, is another benefit of using a certified bookkeeper in Stretford if you are a sole trader, or for your small business. Business trends and patterns that might have otherwise gone unnoticed might be pinpointed by this sort of objective appraisal. It is not at all unusual for an intelligent bookkeeper to flag up an area which is plummeting in profits, or spot a brand new opportunity that could prove lucrative. For the success of any enterprise in Stretford, it is crucial that such key performance indicators are spotted early on.
Having to chase up a late payment can be a fairly uncomfortable scenario for you, if you send out invoices in your business operations. If that phone call or visit to your customer is made by somebody from outside your normal business situation, it's possible for some of that embarrassment to be removed. There are legal methods that a professional bookkeeper can make use of, if you've got a consistent late payer, and these can help to resolve the situation before the matter ends up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
If you are a sole trader the bookkeeping requirements, as set out in law, are comparatively straightforward. This involves retaining all receipts and invoices concerning the business, and keeping track of income and expenditure from month to month. Whilst this may sound simple enough it is still a good idea to retain the expert services of a bookkeeping company. A dedicated sole trader bookkeeper in Stretford will be able to give you advice on what you may be able to claim back from HMRC as business expenses. This could include stationery, advertising, rent and bills if working from home, items such as computers and printer ink. For more detailed advice, speak to your local bookkeeper, and see how they can help your business to thrive and grow in the future.
BOOKKEEPING FOR ONLINE TRADERS
There are several business niches where a specialist bookkeeper may be necessary. As an example, if you run a store online, you'll want to employ a bookkeeper in Stretford who understands exchange rate transfers, online payments, multi-currency processing and cross-border and international taxes. If you produce or hold the merchandise that you distribute with that outlet, then it's going to be a major priority for your bookkeeping services and software to maintain your your stock on a 24/7 basis, because of course, the internet doesn't sleep.
A virtual office can also be provided in combination with bookkeeping service. This enables a sole trader or online only business to offer a physical link with their clients, via a telephone service and postal address. Although this option may not be provided by all bookkeeping companies in Stretford, it is definitely worth talking about the possibilities if this service is something that could be beneficial.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A lot of the bookkeeping qualifications are at Certificate or Diploma level, and it isn't mandatory for a professional Stretford bookkeeper to have an accounting degree. There's an ever-growing array of online courses available, although bookkeeping qualifications can still be obtained via further education colleges and universities.
To provide certification and training for bookkeepers, there are basically two key organisations of interest:
The Association of Accounting Technicians (AAT): Providing advanced qualifications and training, the AAT (Association of Accounting Technicians), entitles a fully certified member to use the letters AATQB. This promises a minimum level of service to their customers which is backed up by the association, and entitles them to become a certified AAT bookkeeper. To protect the values and integrity of AAT membership, if a bookkeeper who's affiliated with the AAT is found to have contravened the code of conduct or has a complaint against them, they may be liable to disciplinary and tribunal procedures.
The Institute of Certified Bookkeepers or ICB: Keeping their associated members informed about the latest trends, the Institute of Certified Bookkeepers or ICB is the largest organisation of its kind anywhere in the world, providing certification for qualified bookkeepers, along with training and reference material.
You are able to check the accreditations of any professional Stretford bookkeeper on the register of ICB or ATT members on their websites. Before you employ any professional bookkeeper in Stretford it is recommended that you carry out this check.
Bookkeeping services are available in Stretford and also in nearby places like: Weaste, Chorlton-cum-Hardy, Firstwood, Barlow Moor, Gorse Hill, Trafford Park, Flixton, Northern Moor, Davyhulme, Ashton upon Mersey, Brooklands, Old Trafford, as well as in these postcodes M16 0JN, M16 0BN, M15 4GW, M16 0FT, M16 0EU, M15 6WE, M16 0DU, M15 4AZ, M16 0HT, M16 0EX. Locally based Stretford bookkeeper services will probably have the postcode M32 and the dialling code 0161. Verifying this will confirm you're accessing local bookkeepers. Stretford sole traders and business owners are able to benefit from these and countless other bookkeeping related services.
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Stretford Bookkeeper Tasks
Most bookkeepers in Stretford will be willing to offer you the following services: QUOTE FORM provided. We'll be in touch with information as soon as we are able.in Stretford, bookkeeping for limited companies, Stretford, bookkeeping for home-based businesses in Stretford, bookkeeping for self-employed, off-site bookkeeping, Kashflow bookkeeping, bookkeeping for freelancers, accounting and bookkeeping in Stretford, Quickbook bookkeeping services Stretford, corporation tax returns, Sage bookkeeping, bookkeeping estimates in Stretford, bookkeeping for restaurants, cash books, wages & PAYE in Stretford, small business bookkeeping, bookkeeping for retail outlets in Stretford, Stretford, tax returns, in Stretford, management reports, cash flow analysis Stretford, bookkeeping services for tradesmen, bookkeeping for clubs, bank reconciliation, Self-Assessment tax returns in Stretford, VAT returns, and more. These are just a selection of the activities that are performed by local bookkeepers. Stretford professionals will be happy to inform you of their full range of bookkeeping services. If there happen to be other Stretford bookkeeper requirements that you need but don't see here, you should list them on the
Greater Manchester Bookkeeper
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Bookkeepers Near Stretford
Also here.: Firstwood bookkeepers, Weaste bookkeepers, Flixton bookkeepers, Davyhulme bookkeepers, Old Trafford bookkeepers, Gorse Hill bookkeepers, Chorlton-cum-Hardy bookkeepers, Brooklands bookkeepers, Trafford Park bookkeepers, Northern Moor bookkeepers, Ashton upon Mersey bookkeepers, Barlow Moor and more. The majority of these locations are catered for by local bookeepers. Stretford people can get pricing for bookkeeping services by clicking
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Bookkeepers Around Stretford: People who live in these streets have recently enquired about bookkeeping services - Barton Road, Howard Street, Cheshire Close, Harcourt Avenue, Newcroft Road, Blinco Road, Washbrook Drive, Stothard Road, Cecil Road, Church Street, Delamere Avenue, Garden Avenue, Argyll Avenue, Marlborough Road, Woodlands Avenue, Hawthorn Avenue, Bradley Lane, Moreton Avenue, Montrose Avenue, Park Road, Manor Road, The Bowling Green, Henshaw Street, Jackson Street, Stanmore Avenue, Grosvenor Street, Davyhulme Road, as well as these Stretford area postcodes: M16 0JN, M16 0BN, M15 4GW, M16 0FT, M16 0EU, M15 6WE, M16 0DU, M15 4AZ, M16 0HT, M16 0EX.
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Bookkeepers in M32 area, and dialling code 0161.
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