Bookkeepers Stubbington Hampshire (PO14): You are entirely responsible for maintaining accurate, "true and fair" financial and accounting records for a minimum of 6 yrs, if you own a small business, run an online store or are a sole trader in Stubbington, in compliance with the Companies Act (2006). Failing to produce such detailed records could leave you facing disqualification as a Company Director, along with thousands of pounds in fines. Accounting Today states that over 40% of small business owners spend 80 plus hours every year on their bookkeeping activities, therefore whilst you can carry out these financial records on your own, it can be more cost-effective to use a professional bookkeeping company or accountant to do them instead.
It's high time to contact a bookkeeper in Stubbington for advice, if just the thought of creating profit, loss and financial statements, tracking assets and liabilities, producing balance sheets or filling out ledgers brings you feelings of dread.
BOOKKEEPER OR ACCOUNTANT?
A frequent question that is asked by a lot of small business owners in Stubbington is "Precisely what is the distinction between a bookkeeper and an accountant?" The truth is that even though in the past the bookkeeping process, was considered beneath the skill-sets, qualifications and experience of an accountant, due to huge improvements in software over the past 10 years, a lot of accountancy companies in Stubbington will now take on bookkeeping tasks. It is quite common for accounting companies to charge a set rate for bookkeeping services consistent with a dedicated bookkeeper's fee. This means the cost of bookkeeping is more manageable than it was previously, and is excellent news for small businesses in Stubbington as it provides a wider variety of competition within the marketplace.
When considering the big difference between an accountant and a bookkeeper in Stubbington, it's the level of qualification and training that's required for each discipline. Generally holding an accounting degree, a professional accountant will also have had additional training in tax matters and have qualifications in business and fiscal management. Whilst having a decent understanding of these procedures, a bookkeeper in Stubbington might not have the same levels of experience and training, or hold these qualifications.
A BOOKKEEPER'S RESPONSIBILITIES
In simple terms, the process of bookkeeping is the recording of the day to day transactions of any business enterprise in Stubbington. This can include;
- Payroll services.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Monthly reconciliations and reports.
- Billing of clients for work completed or goods.
- Making sure that double-entry bookkeeping and accounting practices are observed.
- VAT submissions and recording.
- Recording of all financial incomings; including electronic, cash and card payments.
- Logging the receipt of invoices and ensuring payment is completed punctually.
Depending on the level of service you require, a bookkeeper may only be needed to periodically double-check your accounts, if you're able to carry out most of bookkeeping work yourself. To make sure that any mistakes or problems can be uncovered and amended promptly, as a bare minimum, this needs to be monthly. This can be an extremely cost-effective trade-off, so long as it is possible to stay up-to-date with your financial transactions without affecting your day to day business activities.
There's a fair chance that if you're looking at hiring a bookkeeper in Stubbington, you are currently stressed with the financial recording side of your small business. A professional bookkeeper will be able to help you to link the most up-to-date software with your business accounts to facilitate the seamless organisation of financial data, and will offer assistance with such things as stocktaking, generating expense reports and invoicing.
The successful reconciliation of accounts payable with cash flow is one of the most crucial elements of good bookkeeping practice. Which means that by organising bill payments to a time when your accounts are in the best possible position, your bookkeeper will avoid the thing that many small businesses are guilty of i.e. paying a bill straight away, or waiting on an overdue notice. In addition to keeping your business enterprise financially stable, this also stands you in good stead with your suppliers and service providers. When, as an individual, you're mostly focussed on the operation of your day to day business activities, this can be a juggling act that is tricky to perform.
For your small business enterprise, or if you are a sole trader, employing a certified bookkeeper in Stubbington, gives you the chance to have an impartial eye cast over your business. Business patterns and trends that might have gone unnoticed could be highlighted by this kind of objective assessment. It is not at all uncommon for an astute bookkeeper to flag up an area which is dropping off in profits, or spot a new opportunity that could be worthwhile. Such KPI's (key performance indicators) are crucial in powering growth in any business in Stubbington.
If you give out invoices as part of your business operations, needing to chase up a late payment can be fairly awkward. By having a professional outside your normal business situation make that telephone call or visit to your customers, some of that embarrassment can be removed. There are legal solutions that a professional bookkeeper can make use of, if you are troubled with a repeating late or non-payer, and they can help to clear up the situation before the issue ends up in a small claims court.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you're a sole trader, are pretty straightforward and simple. Essentially, sole traders must save all receipts and invoices, and keep a record of income and expenditure on a month by month basis. Even though this might initially sound fairly simple, hiring the expertise of a bookkeeping company is still recommended. A specialist sole trader bookkeeper in Stubbington will be happy to advise you on what you're able to claim back from HMRC as business expenses. This may include stationery, consumables, items such as computing equipment, advertising expenses and bills and rent if you work from home. If you would like to get more detailed advice, and discover how your business can grow moving forward, chat to your local bookkeeper.
ONLINE TRADERS IN STUBBINGTON
There are certain niches in bookkeeping where the skills of a specialist might be necessary. You will require a bookkeeper in Stubbington who understands online payments, multi-currency processing, exchange rate transfers and international and cross-border taxes, if you operate an online store for example. If you produce or hold the goods that you distribute through that store, then it's going to be a crucial concern for your bookkeeping software or services to control your inventory on a 24 hours a day basis, because the internet never sleeps.
It is also possible to establish a remote virtual office, that can be utilised together with your bookkeeping service and package. Offering a physical connection to their clients, this enables an online only business or sole trader to have a telephone service and postal address. It is certainly worth discussing this possibility if it is something that could be of benefit, although not all bookkeeping businesses in Stubbington will offer this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A qualified Stubbington bookkeeper needn't hold a degree and many qualifications for the industry are at Certificate and Diploma level. Bookkeeping qualifications can be obtained through further education colleges and universities but there's also an ever-growing range of courses offered online.
Certification and training for bookkeepers is mainly provided by 2 organisations:
The Institute of Certified Bookkeepers or ICB: Keeping their associated members current with the latest trends, the Institute of Certified Bookkeepers (ICB) is the largest bookkeeping organisation in the world, providing certification for bookkeepers, in addition to training and reference material.
The AAT or Association of Accounting Technicians: The Association of Accounting Technicians (AAT) provides a training schedule with advanced qualifications enabling a fully trained bookkeeper to use the letters AATQB. This guarantees a standard of service to their customers which is backed by the association, and entitles them to become a licensed AAT bookkeeper. If a bookkeeper who is affiliated with the AAT is found to have violated the code of practice or has a complaint against them, they may be subject to tribunal and disciplinary procedures to protect the integrity and values of the aat.
By viewing the register of ICB or ATT members on their respective websites, you are able to check out the accreditations of any bookkeeper. Prior to retaining any bookkeeping service in Stubbington, it's generally a good idea to perform such checks.
Bookkeeping services are available in Stubbington and also in: Locks Heath, Rowner, Sarisbury, Meon, Cemast, Lee-on-the-Solent, Park Gate, Little Posbrook, Hook, Catisfield, Funtley, Hill Head, Bridgemary, Warsash, Titchfield, Wallington, Fareham, together with these postcodes PO14 2NA, PO14 3PX, PO14 2AW, PO14 2DP, PO14 2AE, PO14 2PL, PO14 2JT, PO14 2RE, PO14 2RL, PO14 2QB. Local Stubbington bookkeeper services will probably have the postcode PO14 and the dialling code 01329. Checking this out will ensure that you're accessing locally based bookkeepers. Stubbington sole traders and business owners are able to utilise these and many other related services.
Stubbington Bookkeeper Tasks
Most bookkeepers in Stubbington will be ready to provide you with the following services: bookkeeping for payroll, tax return preparation, Kashflow bookkeeping services, small business bookkeeping in Stubbington, bookkeeping for limited companies, accounting and bookkeeping services, bookkeeping services for pubs Stubbington, credit control, PAYE & wages, professional bookkeeping services, profit & loss reports in Stubbington, independent bookkeeping services, management reports in Stubbington, bookkeeping for freelancers, bookkeeping for sole traders, Sage bookkeeping services Stubbington, bookkeeping for tradesmen Stubbington, bookkeeping for self-employed, bookkeeping services for clubs, accountancy packages, invoice processing, tax returns, bookkeeping services for societies in Stubbington, bookkeeping services in Stubbington, bank reconciliations in Stubbington, off-site bookkeeping, and more. These are just a few of the tasks that are conducted by local bookkeepers. Stubbington providers will tell you about their whole range of services. If there are some other Stubbington bookkeeper requirements that you want but can't see here, you can easily list them on the QUOTE FORM provided. We will be in touch with details just as soon as we can.
Bookkeepers Near Stubbington
Also here.: Cemast bookkeepers, Lee-on-the-Solent bookkeepers, Funtley bookkeepers, Fareham bookkeepers, Hill Head bookkeepers, Bridgemary bookkeepers, Park Gate bookkeepers, Meon bookkeepers, Warsash bookkeepers, Sarisbury bookkeepers, Titchfield bookkeepers, Locks Heath bookkeepers, Catisfield bookkeepers, Hook bookkeepers, Little Posbrook bookkeepers, Wallington bookkeepers, Rowner and more. All of these locations are serviced by local bookeepers. Stubbington businesses and traders can get pricing for bookkeeping services by going
- Stubbington Bookkeeping Services
- Stubbington VAT Returns
- Stubbington Tax Preparation
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- Stubbington Sole Trader Bookkeeping
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- Stubbington Small Business Bookkeeping
- Stubbington Payroll Services
- Stubbington PAYE Wages and CIS
Bookkeepers Around Stubbington: People living in these Stubbington streets and areas have recently requested bookkeeping services - Broom Way, Leviathan Close, Ditton Close, Swanton Close, Francis Place, Jersey Close, Martin Avenue, Glenthorne Close, Cherque Lane, Thirlmere Close, Spencer Court, Scott Close, Ennerdale Road, Pembury Road, Anzac Close, Lychgate Green, The Oakes, Anker Lane, Rowner Road, Kestrel Close, Morgans Drive, Newton Close, Green Road, Bells Lane, Newgate Lane, as well as these local Stubbington postcodes: PO14 2NA, PO14 3PX, PO14 2AW, PO14 2DP, PO14 2AE, PO14 2PL, PO14 2JT, PO14 2RE, PO14 2RL, PO14 2QB.
Stubbington Bookkeeping Jobs: See bookkeeping jobs near Stubbington by clicking here: Stubbington Bookkeeping Jobs
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If you're interested in local Stubbington info check here
Bookkeepers in PO14 area, and dialling code 01329.
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