Bookkeepers Sunbury-on-Thames Surrey (TW16): For any person in Sunbury-on-Thames who operates a small business, runs an online store or acts as a sole trader, it is their sole responsibility to keep "true and fair", accurate accounting and financial records for at least 6 yrs. This is according to the Companies Act (2006). Failing to produce such detailed records could leave you faced with disqualification as a Company Director, along with a fine of thousands of pounds. There's a substantial time investment involved with keeping these financial recordings on your own behalf, and it's often more cost-effective to use a professional bookkeeping service or accountant, because according to Accounting Today magazine over 40% of small businesses spend at least 80 hours annually doing their bookkeeping.
If you're filled with terror simply thinking about the possiblility of tracking liabilities and assets, writing ledgers, producing balance sheets or creating profit, loss and financial statements, then the time to get in touch with a bookkeeper in Sunbury-on-Thames for guidance has arrived.
BOOKKEEPER OR ACCOUNTANT?
The first question that many people ask is "Just what is the distinction between an accountant and a bookkeeper?" To be honest, due to substantial improvements in software over the past decade or so many accountants in Sunbury-on-Thames will undertake the task of bookkeeping, which was at one time considered to be beneath their qualifications, skill set and experience. For many accountancy companies it is now quite common to charge a flat rate for bookkeeping services, to keep them consistent with the usual fees of a typical bookkeeper in Sunbury-on-Thames. This is great news for business owners as it gives a wider range of competition within the industry and can make your bookkeeping costs cheaper than previously thought.
When you're looking at the differences between a bookkeeper and an accountant, the most notable one is the standard of qualification and training that's needed for each discipline. At least an accounting degree with further training in taxation and other financial and business management, will normally be held by an accountant. A bookkeeper in Sunbury-on-Thames will certainly have a good grasp of these fiscal disciplines, but may not hold the qualifications or levels of training and experience.
RESPONSIBILITIES OF A BOOKKEEPER
To explain in the simplest of forms, the bookkeeping process involves the careful recording of day by day financial transactions of any enterprise or business in Sunbury-on-Thames. This is likely to include, but is in no way limited to;
- VAT submissions and recording.
- Highlighting and rectifying any discrepancies in the financial accounts.
- Monthly reports and reconciliation.
- Ensuring accounting and double-entry bookkeeping practices are observed.
- Billing of clients for goods or work completed.
- Documenting of all financial incomings; including electronic, card and cash payments.
- Documenting the receipt of invoices and ensuring payment is completed promptly.
- Payroll services.
Contingent upon service level you require, a professional bookkeeper may only be needed to periodically double-check your figures, if you're prepared to do the majority of bookkeeping work yourself. As a bare minimum this ought to be done from month to month, to enable the rapid identification and correction of any mistakes or problems. Providing you're able to stay in control of your financial transactions without affecting your daily trading tasks, this solution can be the most cost-effective trade-off.
Whatever the circumstances are with your company or small business, if you're currently looking at hiring a bookkeeping service in Sunbury-on-Thames, it is a good bet that you could be getting stressed about the process of recording your financial details. A professional bookkeeping company will help you out with everything from invoicing, producing expense reports and stocktaking, to linking the latest software application with your business accounts to seamlessly process all your data.
An extremely crucial aspect of effective bookkeeping is the ability to reconcile cash flow with accounts payable. Which means that rather than paying an outstanding bill straight away, or waiting on a final notice, which a lot of small businesses in Sunbury-on-Thames are guilty of, your bookkeeper will organise bill payments to times when your finances are in good shape and buoyant. This not only keeps your business or enterprise financially sound, but keeps you in the good books of suppliers and those businesses who supply you with services. This is a balancing act that can be challenging to perform as an individual when you are primarily focussed on the operation of your business.
Using a professional bookkeeper in Sunbury-on-Thames, if you're a sole trader, or for your small business also gives them the chance to cast an unrelated eye over your business finances. This nonpartisan appraisal can allow them to discover business patterns and trends that you may have overlooked. It's not at all uncommon for an astute bookkeeper to flag an area of the business which is decreasing in profits, or spot a brand new opportunity that may be worthwhile. Such key performance indicators (KPI's) are important in driving growth for any business enterprise in Sunbury-on-Thames.
It can sometimes be quite humiliating to pursue late payments if your business sends out invoices. Some of that apprehension can be removed by having somebody outside your business situation visit your client or make that telephone call. There are legal procedures a bookkeeper can employ, if you're troubled with a persistent late payer, and they can help to resolve the situation before the issue winds up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
There are some fairly uncomplicated bookkeeping requirements for sole traders, which are laid out by law. In essence, sole traders must save all receipts and invoices, and keep a record of income and expenditure on a monthly basis. Whilst this may sound easy it is still recommended that you retain the services of a competent bookkeeper. So that you will be able to claim back legitimate business expenses from HMRC, a professional sole trader bookkeeper in Sunbury-on-Thames will be able to advise you on what you must do. This might include advertising, consumables, items such as laptops, stationery and rent and bills if you work from home. To discover how they can help your small business grow, talk to your bookkeeper for more detailed advice and guidance.
There are a number of business niches where a specialist bookkeeper might be essential. If cross-border and international taxes, online payments, multi-currency processing and exchange rate transfers are involved, for instance if you operate a store online, you will be wise to hire a bookkeeper in Sunbury-on-Thames who understands these operations. If you produce or hold the goods that you sell with that store, then it's going to be a major concern for your bookkeeping software or services to control your your inventory and stock on a 24 hours a day basis, because the internet never sleeps.
Together with bookkeeping services, it is also possible to establish a virtual office. Providing a physical link with their buyers, this allows an online only business or sole trader to have a postal address and phone service. If this type of service could be useful, it's definitely worth discussing, although this solution won't be provided by all Sunbury-on-Thames bookkeepers.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A qualified Sunbury-on-Thames bookkeeper need not hold a university degree and a number of qualifications for the industry are at Diploma or Certificate level. There is an ever-growing number of courses available online, although bookkeeping qualifications can still be obtained via further education colleges and universities.
Bookkeepers are represented by 2 key training and certification organisations:
The AAT or Association of Accounting Technicians: The Association of Accounting Technicians (AAT) provides advanced qualifications and a training schedule allowing fully certified members to use the letters AATQB. This promises a certain standard of service to their customers which is backed by the association, and permits them to become a approved AAT bookkeeper. To safeguard the trustworthiness of the AAT membership, an AAT bookkeeper can be subject to tribunal and disciplinary processes if they are found to have violated the code of conduct or have had a complaint against them.
The Institute of Certified Bookkeepers (ICB): Keeping their members informed about the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest organisation on the planet, providing accreditation to bookkeepers, along with reference material and training.
By viewing the register of AAT or ICB members on their websites, you're able to inspect the qualifications of any professional bookkeeper. It is generally a good idea to perform this check, before you retain the services of any professional bookkeeper in Sunbury-on-Thames.
Bookkeeping services are available in Sunbury-on-Thames and also nearby in: Ashley Park, Hampton Hill, Fordbridge, Lower Halliford, Oatlands, Upper Halliford, Hampton, Hurst Park, Hanworth, Rydens, together with these postcodes TW16 5DE, TW16 5LU, TW16 5AT, TW13 7NB, TW16 5HB, TW16 5LR, KT12 2JE, TW16 5LS, TW16 5HJ, TW16 5BF. Locally based Sunbury-on-Thames bookkeeper services will likely have the phone code 01932 and the postcode TW16. Verifying this should ensure that you are accessing local bookkeepers. Sunbury-on-Thames sole traders and business owners can benefit from these and countless other comparable services.
Sunbury-on-Thames Bookkeeper Questions
In the past month or so I have been reviewing the questions people in Sunbury-on-Thames ask in regard to bookkeepers. A good few of our visitors submitted some important questions that I thought would be applicable to this discussion. The most germane ones appeared to be, How is bookkeeping differentiated to accounting? What are a bookkeeper's duties? What qualifactions are needed to be a bookkeeper? What are the benefits to hiring a bookkeeper? How do bookkeeping services work? Can a bookkeeper prepare tax returns? Why do you need a bookkeeper? Does a bookkeeper need a license? How much should bookkeeping cost? The majority of these questions hopefully have been covered in this short article, and if some remain unanswered a bookkeeping "Questions and Answers" section will be added quite soon. Our appreciation goes out to Benjamin Rogers, Wyatt Kerr, Issac Poole and Morgan Gould, for taking time out to put their questions. We were also happy to receive appropriate contributions from Kennedy Allison in Ashley Park, Angel Best in Fordbridge and Adriana Wheatley in Upper Halliford.
Sunbury-on-Thames Bookkeeper Tasks
Most bookkeepers in Sunbury-on-Thames will be prepared to provide you with the following services: credit control, wages & PAYE, bookkeeping services for clubs Sunbury-on-Thames, business bookkeeping in Sunbury-on-Thames, partnership returns in Sunbury-on-Thames, management reports Sunbury-on-Thames, bookkeeping for startups, VAT returns, bookkeeping services for tradesmen, cheap bookkeeping services, personal tax returns Sunbury-on-Thames, bookkeeping services, tax returns Sunbury-on-Thames, bookkeeping services for pubs, franchise bookkeeping Sunbury-on-Thames, bookkeeping for restaurants, bookkeeping for charities, bookkeeping for limited companies, corporation tax returns, accountancy packages in Sunbury-on-Thames, letting agent bookkeeping Sunbury-on-Thames, tax preparation, mobile bookkeeping services, charity bookkeeping Sunbury-on-Thames, bookkeeping services for sole traders Sunbury-on-Thames, bank reconciliation, landlord bookkeeping Sunbury-on-Thames, Quickbook bookkeeping services, and more. Listed are just an example of the activities that are performed by local bookkeepers. Sunbury-on-Thames companies will be delighted to keep you abreast of their entire range of bookkeeping services. If there happen to be other Sunbury-on-Thames bookkeeper requirements that you need but don't see here, you can easily list them on the QUOTE FORM provided. We will get back to you with information just as soon as we can.
In the Surrey area you will also discover: Chaldon bookkeepers, Woldingham accounts services, Holmwood bookkeeper, Fetcham bookkeeper, Flexford bookkeepers, West Horsley accounts services, Tongham bookkeeper, Dunsfold bookkeeping services, Fetcham bookkeeping accountants, North Holmwood bookkeeping, Woldingham bookkeeping services, Fairlands bookkeeper, Send accounts services, Pirbright bookkeeping services, North Holmwood bookkeeper, Wonersh bookkeeping, Ewhurst bookkeeper, Brockham accounts services, Normandy bookkeepers, Bletchingley bookkeeping services, Compton bookkeeping, Chipstead accounts services, Hooley bookkeeping services, Limpsfield bookkeeper, Woldingham bookkeepers, Badshot Lea bookkeeping, Felbridge bookkeeping accountants, Hooley bookkeeping accountants, Burstow bookkeepers, Frensham bookkeepers, Chaldon bookkeeping. All over Surrey you should be able to track down bookkeepers who will provide you with high quality services for all your security requirements. If you can't identify a suitable bookkeeper in Sunbury-on-Thames itself you will doubtless be able to find one someplace nearby.
Bookkeepers Near Sunbury-on-Thames
Also find: Ashley Park bookkeepers, Lower Halliford bookkeepers, Oatlands bookkeepers, Upper Halliford bookkeepers, Hanworth bookkeepers, Fordbridge bookkeepers, Hurst Park bookkeepers, Hampton bookkeepers, Rydens bookkeepers, Hampton Hill bookkeeper and more. All of these places are serviced by local bookeepers. Sunbury-on-Thames residents can get quotes for bookkeeping services by clicking here.
Bookkeeping Services Sunbury-on-Thames
- Sunbury-on-Thames Self-Assessment Bookkeeping
- Sunbury-on-Thames VAT Returns
- Sunbury-on-Thames Self-Assessment Tax Returns
- Sunbury-on-Thames Cheap Bookkeeping
- Sunbury-on-Thames Wages PAYE and CIS
- Sunbury-on-Thames Sole Trader Bookkeeping
- Sunbury-on-Thames Tax Preparation
- Sunbury-on-Thames Payroll Services
- Sunbury-on-Thames Double-Entry Bookkeeping
- Sunbury-on-Thames Bookkeeping Services
- Sunbury-on-Thames Bookkeeping Estimates
- Sunbury-on-Thames Profit and Loss Reporting
- Sunbury-on-Thames Small Business Bookkeeping
- Sunbury-on-Thames Invoice Processing
Bookkeepers Around Sunbury-on-Thames: People who live in these nearby Sunbury-on-Thames areas have recently requested bookkeeping services - Annie Brookes Close, Bridge Street, Moor Lane, Mustard Mill Road, Eton Court, Gresham Road, Belle Vue Close, Guildford Street, Yeoveney Close, Knowle Green, Riverfield Road, Augur Close, Riverside Drive, Duncan Gardens, South Street, Richmond Road, Riverside Close, Wyatt Road, St Pinnock Avenue, Pinewood Drive, Hale Street, Colnebridge Close, Langley Road, Thames Street, as well as these local Sunbury-on-Thames postcodes: TW16 5DE, TW16 5LU, TW16 5AT, TW13 7NB, TW16 5HB, TW16 5LR, KT12 2JE, TW16 5LS, TW16 5HJ, TW16 5BF.
More Sunbury-on-Thames Services: Needless to say, whenever you happen to be in need of a bookkeeper in Sunbury-on-Thames, Surrey, you are likely to need all sorts of different services and as well as a bookkeeper in Sunbury-on-Thames, Surrey, you may also need EPOS in Sunbury-on-Thames, business consulting in Sunbury-on-Thames, Ecommerce assistance in Sunbury-on-Thames, telephone system services in Sunbury-on-Thames, network, database & IT support in Sunbury-on-Thames, digital marketing services in Sunbury-on-Thames, social media marketing in Sunbury-on-Thames, PPC advertising in Sunbury-on-Thames, financial advice in Sunbury-on-Thames, promotional videos in Sunbury-on-Thames, telemarketing in Sunbury-on-Thames, website design in Sunbury-on-Thames, an accountant in Sunbury-on-Thames, card processing in Sunbury-on-Thames, cloud & hosting services in Sunbury-on-Thames, HR consulting in Sunbury-on-Thames, a marketing agency in Sunbury-on-Thames, and other different Sunbury-on-Thames specialists.
If you want local Sunbury-on-Thames info click here
More Surrey Bookkeepers: More Surrey bookkeeping services: Godalming, Esher, Molesey, Horley, Banstead, Weybridge, Epsom, Cranleigh, Addlestone, Staines, Camberley, Ewell, Leatherhead, Haslemere, Dorking, Reigate, Woking, Farnham, Windlesham, Caterham, Chertsey, Ash, Guildford, Hersham, Redhill, Sunbury-on-Thames and Walton-on-Thames.
Bookkeepers in TW16 area, (dialling code 01932).
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