Bookkeepers Sturry Kent (CT2): You're responsible for maintaining "true and fair", accurate accounting and financial records for at least 6 years, if you own a small business, operate an online store or are a sole trader in Sturry, in compliance with the Companies Act (2006). You could face disqualification as a Company Director and get a hefty fine, if you cannot produce these records. There's a substantial time investment involved with keeping such financial records yourself, and it can pay you to employ a professional accountant or bookkeeping company, as according to Accounting Today magazine over forty percent of small business owners spend over 80 hours per year on their bookkeeping.
It is high time to get in touch with a bookkeeper in Sturry for guidance, if the very thought of writing ledgers, creating profit, loss and fiscal reports, producing balance sheets or tracking liabilities and assets fills you with panic.
BOOKKEEPER OR ACCOUNTANT?
"Exactly what is the distinction between an accountant and a bookkeeper?" Is a question which is asked by most business owners in Sturry. In the past it was often considered to be beneath the experience, qualifications and skill-sets of an accountant to do the work of a bookkeper, but because of massive software improvements over the past decade or so, many bookkeeping tasks will now be undertaken by accountancy companies in Sturry. To ensure their bookkeeping services are in step with a dedicated bookkeeper's fee, it is now common practice for accountancy firms to charge a flat rate for such services. Business owners are now cashing in on this, as it provides a broader range of competition within the marketplace and can mean that the cost of bookkeeping is far more affordable than it would previously have been.
When looking at the big difference between an accountant and a bookkeeper in Sturry, it is the amount of training and qualification that is required for each of these disciplines. Usually holding an accounting degree, a professional accountant will also have had additional training in tax matters and have qualifications in fiscal and business management. A bookkeeper in Sturry will definitely have an understanding of these fiscal skills, but might not hold the qualifications or levels of training and experience.
A BOOKKEEPER'S RESPONSIBILITIES
In the simplest of terms, bookkeeping involves the logging of day by day fiscal transactions of any business in Sturry. This could include;
- Payroll services.
- Recording of all financial incomings; cash, card and electronic payments included.
- VAT recording and submissions.
- Monthly reconciliations and reports.
- Highlighting any discrepancies in the financial accounts and rectifying them.
- Making sure that double-entry bookkeeping and accounting practices are observed.
- Documenting the receipt of invoices and making certain that payment is completed on time.
- Billing of customers for goods or work completed.
In accordance with the level of service you require, a bookkeeper may just be needed to double check your records every so often, if you are happy to do a large majority of the bookkeeping work yourself. This ought to be done from month to month at the bare minimum, as this will allow any problems or mistakes to be identified and rectified swiftly. This trade-off can sometimes be the most economical if you are able to stay in control of your everyday financial transactions and trading operations.
It's fairly likely that if you're looking to hire a bookkeeping company, you are currently struggling with the financial recording side of your business in Sturry. Offering guidance and advice on everything from generating expense reports, stocktaking and invoicing, a professional bookkeeper will also be able to help you link your business accounts with the latest computer software to enable the seamless processing of all your business's data.
One of the most vital elements of good bookkeeping, is the ability to successfully reconcile cash flow with accounts payable. This means that rather than waiting for a final notice, which many small businesses in Sturry are guilty of at some time or other, or paying an outstanding bill immediately, your bookkeeper will optimise the payment of bills to times when your accounts are buoyant. This doesn't just keep your business or enterprise financially stable, but keeps you in good stead with suppliers and those who provide you with services. When you're primarily focussed on the smooth running of your company, this is a juggling act that can be challenging to perform on your own.
If you're a sole trader, or run a small business, employing a professional bookkeeper in Sturry, also gives them the chance to cast an eagle eye over the financial dealings of your business. It is entirely possible that an independent evaluation such as this will showcase business patterns and trends that have been missed previously. A bookkeeper identifying a new opportunity or noticing an area of the business where profits are dropping off, is by no means unusual. Such key performance indicators are vital in driving growth for any business enterprise in Sturry.
If your business sends out invoices it can sometimes be uncomfortable having to chase up a late payment. Some of that embarrassment can be removed by having an individual outside your business situation make that phone call or visit to your clients. If you're troubled with a consistent late payer there are legal procedures that a bookkeeper can make use of to help resolve the situation before the matter ends up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The requirements for bookkeeping by a sole trader, as laid out by law, are relatively straightforward and easily understood. In essence, sole traders must keep all receipts and invoices, and keep a record of expenditure and income on a monthly basis. Now, this does not seem too tough does it? Yet, it is still recommended that you retain the expertise of a competent bookkeeper to make certain that it's all done accurately. When preparing your Self-Assessment tax returns, a dedicated sole trader bookkeeper in Sturry will be in a position to advise you on what your genuine business expenses are, and claim these back from HMRC each year. This might include items such as laptops, consumables, stationery, rent and bills if working from home and promotional advertising. If you would like to get more comprehensive advice, and learn how your business can grow going forward, talk to a trusted bookkeeper.
There are niche areas in bookkeeping where the skills of a specialist could be necessary. As an example, if you run an online store, you'll need to employ a bookkeeper in Sturry who understands exchange rate transfers, multi-currency processing, cross-border and international taxes and online payments. As the internet doesn't sleep, if that same store sells goods you produce or hold then controlling your inventory on a 24 hours a day basis is an important concern which will need to be addressed.
It is also possible to provide a virtual office, that can be utilised together with your bookkeeping package. Providing a physical connection to their customers, this enables an online only business or sole trader to have a telephone service and postal address. It is certainly worth talking about this possibility if it's needed, although not all Sturry bookkeepers will provide this service.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
It's not necessary for a professional Sturry bookkeeper to have a university degree, and a good number of the bookkeeping qualifications are held at Diploma or Certificate level. Although there's a choice of courses available online, bookkeeping qualifications can still be obtained through further education universities and colleges, if that's the chosen route.
Representing bookkeepers, there are 2 key certification and training organisations:
The AAT (Association of Accounting Technicians): The AAT (Association of Accounting Technicians) provides a training schedule with advanced qualifications enabling a fully trained bookkeeper to use the letters AATQB after their name. They're then permitted to become registered AAT bookkeepers, which promises their customers a certain standard of service which is backed by the association. To protect the integrity of the AAT membership, a bookkeeper who's a member of the AAT can be subject to tribunal and disciplinary processes if they have a complaint against them or are found to have violated the code of practice.
The Institute of Certified Bookkeepers (ICB): The largest bookkeeping organisation in the world is the the Institute of Certified Bookkeepers (ICB), and it supplies accreditation to certified bookkeepers, in addition to reference material and training to ensure their members are current with the latest trends and innovations.
The qualifications of any professional Sturry bookkeeper can be checked on the register of AAT or ICB members on their respective websites. Implementing this check is strongly recommended before retaining the services of any local bookkeeper in Sturry.
Bookkeeping services are available in Sturry and also in nearby places like: Herne Common, Littlebourne, Herne Bay, Sarre, Fordwich, Westbere, Hoath, Upstreet, Tyler Hill, Calcott, Wickhambreaux, Broad Oak, Hersden, Canterbury, as well as in these postcodes CT2 0EB, CT2 0AN, CT2 0NL, CT2 0BA, CT2 0NZ, CT2 0AR, CT2 0LS, CT2 0NB, CT2 0TW, CT2 0JD. Locally based Sturry bookkeeper services will likely have the phone code 01227 and the postcode CT2. Verifying this can make sure that you access local bookkeepers. Sturry sole traders and business owners will be able to utilise these and various other similar services.
Sturry Bookkeeper Questions
Just recently I thought it would be a great idea to look at the sorts of questions folks in Sturry ask about bookkeepers. Quite a few of our visitors sent in some useful queries that are applicable to this blog post. The ones which stuck out were, Where can I find a bookkeeper in Sturry? What does a bookkeeper do? How much do bookkeeping services cost? What are the advantages of a bookkeeper? Why is bookkeeping so important? Should a bookkeeper have insurance? Do bookkeepers do accounts payable? Is bookkeeping and accounting the same? How can I get bookkeeper in Sturry? The vast majority of these questions hopefully have been covered somewhere on this page, and if some still need to be dealt with a bookkeeping "Questions and Answers" section is a feature we'll be adding very soon. Many thanks to Gabriel Wilson, Troy Patel, Ciaran Watkins and Bella Reeves from Sturry, for submitting these great questions. Appropriate offerings were also received from Andrea Carpenter in Upstreet, Chase Mcmahon in Littlebourne and Josephine Prince in Tyler Hill.
Sturry Bookkeeper Tasks
Most bookkeepers in Sturry will be able to provide you with the following bookkeeping services: landlord bookkeeping Sturry, cash books in Sturry, payroll bookkeeping Sturry, wages & PAYE Sturry, bookkeeping for clubs, professional bookkeeping services, bookkeeping services for startups in Sturry, general bookkeeping services, franchise bookkeeping Sturry, Xero bookkeeping in Sturry, accountancy packages, bookkeeping for sole traders, bank reconciliation Sturry, bookkeeping services for self-employed people, personal tax returns Sturry, QUOTE FORM provided. We will get back to you with information as soon as we can., Self-Assessment tax returns, off-site bookkeeping, bookkeeping services for pubs Sturry, credit control, maintaining fixed asset registers, invoice processing, bookkeeping services for shops, bookkeeping services for retail outlets Sturry, cash flow analysis in Sturry, bookkeeping services for small business, accounting and bookkeeping services in Sturry, independent bookkeeping services in Sturry, management accounts in Sturry, letting agent bookkeeping Sturry, and more. Listed are just a handful of the duties that are conducted by local bookkeepers. Sturry companies will let you know their entire range of services. If there happen to be additional Sturry bookkeeper requirements that you want but can't see here, you can mention them on the
Bookkeepers Near Sturry
Also here.: Herne Common bookkeepers, Westbere bookkeepers, Hersden bookkeepers, Herne Bay bookkeepers, Canterbury bookkeepers, Sarre bookkeepers, Hoath bookkeepers, Littlebourne bookkeepers, Fordwich bookkeepers, Wickhambreaux bookkeepers, Broad Oak bookkeepers, Calcott bookkeepers, Upstreet bookkeepers, Tyler Hill and more. All of these places are serviced by local bookeepers. Sturry businesses and traders can get quotes for bookkeeping services by clicking
- Sturry Cash Flow Analysis
- Sturry Tax Preparation
- Sturry Sole Trader Bookkeeping
- Sturry Tax Returns
- Sturry Profit and Loss Reports
- Sturry Wages PAYE and CIS
- Sturry Bookkeeping Services
- Sturry Double-Entry Bookkeeping
- Sturry Payroll Services
- Sturry Bookkeeping Estimates
- Sturry Cheap Bookkeeping
- Sturry VAT Returns
- Sturry Self-Assessment Bookkeeping
- Sturry Small Business Bookkeeping
Bookkeepers Around Sturry: People living in the following roads and areas have recently requested bookkeeping services - Chapel Lane, Twyne Close, Island Road, St. Josephs Row, Farthings Wood Rise, Elbridge Hill, Fairview Gardens, Meadow Road, Hoath Road, Calcott, The Coppice, Oakwood Road, Herne Bay Road, Fordwich Road, Wildwood Road, Woodside Road, Copt Close, Field Way, Pleydell Crescent, Sturry Hill, Old School Close, Oaklands Way, Stodmarsh Road, Forge Close, Blossom Court, Park View, as well as these Sturry area postcodes: CT2 0EB, CT2 0AN, CT2 0NL, CT2 0BA, CT2 0NZ, CT2 0AR, CT2 0LS, CT2 0NB, CT2 0TW, CT2 0JD.
Sturry Bookkeeping Jobs: See bookkeeping jobs near Sturry here: Bookkeeping Jobs Sturry
More Kent Bookkeepers: More Lydd, Bearsted, New Romney, Herne Bay, Gillingham, Deal, Swanley, Margate, Whitstable, Minster, Southborough, Canterbury, Chatham, Wilmington, Tunbridge Wells, Sheerness, Dover, Boxley, Cranbrook, Folkestone, Maidstone, Broadstairs, Dartford, Aylesford, Tonbridge, Tenterden, Kingsnorth, Northfleet, Hartley, Rochester, Ashford, Pembury, Sandwich, Sittingbourne, East Malling, Staplehurst, Paddock Wood, Walmer, Gravesend, Sevenoaks, Meopham, Birchington-on-Sea, Strood, Edenbridge, Sturry, Westerham, Biggin Hill, Snodland, Westgate-on-Sea, West Kingsdown, Swanscombe, Ramsgate and Faversham.:
To find out local info relating to Sturry, Kent take a look here
Bookkeepers in CT2 area, 01227.
Tax Returns Sturry - Small Business Bookkeeping Sturry - Bookkeepers Sturry - Bookkeeper Sturry - Xero Bookkeeping Sturry - Bookkeeping Quotes Sturry - VAT Returns Sturry - Bookkeeping Services Sturry - Sole Trader Bookkeepers Sturry