Bookkeepers Swanley Kent (BR8): For any person in Swanley who runs an online store, operates a small business or acts as a sole trader, it's their sole responsibility to keep "true and fair", accurate accounting and financial records for at least 6 years. This is laid out by the 2006 Companies Act. Failure to produce these detailed records might leave you faced with Company Director disqualification, together with thousands of pounds in fines. You could carry out these financial recordings on your own, but when you consider that according to the trade magazine Accounting Today over forty percent of small business owners spend at least 80 hours every year doing their bookkeeping tasks, it can be more economical to use a professional bookkeeper or accountant.
If the very thought of tracking assets and liabilities, compiling balance sheets, preparing profit, loss and fiscal reports or filling out ledgers brings you feelings of dread, then it's high time to get in touch with a bookkeeper in Swanley for assistance.
BOOKKEEPER OR ACCOUNTANT?
What is the distinction between an accountant and a bookkeeper is the first question many folks in Swanley ask. In the old days it was generally looked at as to be beneath the skill-sets, qualifications and experience of an accountant to do bookkeeping, however because of software developments over the past 10 years or so, many bookkeeping duties will now be carried out by accountancy firms in Swanley. It is common practice for accounting companies to have a set fee for bookkeeping services in keeping with a typical bookkeeper's fee. Business owners are now benefiting from this, because it offers a wider range of competition within the industry and can make the cost of bookkeeping much more manageable than it would have been in the past.
The amount of training that's needed is the big difference between a bookkeeper and an accountant. Normally holding a degree in accounting, a professional accountant will also have had additional training in tax matters and have qualifications in business and financial management. Although likely not having this level of experience and training, or holding the same financial qualifications, a bookkeeper in Swanley will still have a decent understanding of all such skills.
RESPONSIBILITIES OF A BOOKKEEPER IN SWANLEY
To explain in the simplest of forms, the bookkeeping process involves the careful recording of day to day fiscal transactions of any business enterprise in Swanley. This can include;
- VAT recording and submissions.
- Payroll services.
- Monthly reports and reconciliation.
- Highlighting and rectifying any discrepancies in financial accounts.
- Recording of all financial incomings; cash, electronic and card payments included.
- Making sure that accounting and double-entry bookkeeping practices are followed.
- Billing of customers for work completed or goods.
- Documenting invoices received and ensuring that payment is completed punctually.
If you're able to perform the bulk of bookkeeping work yourself; a bookkeeper may only be needed to double check your accounts on a fixed schedule. At the bare minimum this ought to be done each month, to facilitate the swift detection and correction of any problems or mistakes. If you are confident of staying up-to-date with your day to day financial transactions and trading activities, this trade-off can sometimes be the most affordable option.
There's a fair chance that if you're looking to hire a bookkeeping company, you are currently having problems with the financial recording aspects of your business in Swanley. A professional bookkeeping company will be able to help you to link your business accounts with the most suitable software to enable the seamless arrangement of financial data, and will provide guidance and advice on stuff like generating expense reports, invoicing and stocktaking.
An extremely important element of a good bookkeeper is the ability to reconcile accounts payable with cash flow. This means that instead of waiting on an overdue notice, which many small businesses are guilty of, or paying off a bill right away, your bookkeeper will schedule the payment of bills to a time when your accounts are buoyant. Along with keeping your business on a secure financial footing, this also maintains your reputation with suppliers and companies who provide services to your business. This is a juggling act that you may find difficult to accomplish on your own when you are mostly focussed on the smooth running of your business.
Having an individual who isn't associated with the business cast an eye over your financial transactions, is another added benefit of employing a qualified bookkeeper in Swanley for your small business or if you're a sole trader. It may be that business patterns and trends that you have overlooked will therefore be brought to the fore. A bookkeeper identifying a brand new opportunity or flagging an area of the business where profits are falling, is by no means uncommon. Such KPI's (key performance indicators) are vital in driving growth for any business enterprise in Swanley.
It can sometimes be quite awkward to chase up late payments if your company gives out invoices. If that telephone call or visit to your client is carried out by somebody outside your normal business bubble, it's possible for some of that embarrassment to be eliminated. There are legal procedures that a professional bookkeeper can use, if you have problems with a repeating late or non-payer, and these can help to clear up the situation before the issue winds up in a claims court proceeding.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal requirements for bookkeeping if you are a sole trader, are relatively straightforward and basic. Essentially, sole traders should keep all receipts and invoices, and keep records of expenditure and income on a monthly basis. Now, this does not sound too hard does it? However, it's still good practice to hire the services of a bookkeeping company to make certain that it is all done right. A dedicated sole trader bookkeeper in Swanley will be happy to advise you on what you are able to claim back from HMRC as genuine business expenses. This may include printer ink, items such as computers, rent and bills if working from home, stationery goods and advertising expenses. If you would like to get more comprehensive advice, and discover how your business can grow moving forward, chat to a trusted bookkeeper.
ONLINE TRADERS IN SWANLEY
There are some niche businesses where a specialist bookkeeping service might be required. You will require a bookkeeper in Swanley who understands international and cross-border taxes, multi-currency processing, online payment procedures and exchange rate transfers, if you operate a store online for instance. If the same shop sells goods that you produce or hold, then keeping track of stock on a 24/7 basis is a massive priority, as I'm sure you will realise the internet never sleeps, therefore neither should your bookkeeping software or services.
A remote virtual office can also be supplied in combination with your bookkeeping services. This enables an online only business or sole trader to provide a physical link with their customers, via a telephone service and postal address. Not all bookkeepers in Swanley will be able to supply this solution, however it is worthwhile discussing if it's something that could be of benefit.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
It is not necessary for a qualified Swanley bookkeeper to hold a degree, and a good number of the bookkeeping sector qualifications are held at Certificate or Diploma level. Although there are a choice of online bookkeeping courses available, qualifications can still be obtained via further education colleges and universities, if that's the preferred route.
Representing bookkeepers, there are 2 key certification and training organisations:
The AAT or Association of Accounting Technicians: The Association of Accounting Technicians (AAT) provides a training schedule with advanced qualifications allowing fully trained members to use the letters AATQB after their name. They're then allowed to become certified AAT bookkeepers, which guarantees their customers a certain level of service which is backed by the association. To preserve the trustworthiness of the AAT membership, an AAT bookkeeper can be liable to disciplinary and tribunal procedures if they are found to have violated the code of conduct or have had a complaint made against them.
The Institute of Certified Bookkeepers or ICB: Keeping their members up-to-speed with the latest trends, the ICB or Institute of Certified Bookkeepers is the largest organisation in the world, providing accreditation to certified bookkeepers, in addition to training and reference material.
It is possible to check the accreditations of any bookkeeper in Swanley on the register of ICB or ATT members on their respective websites. Performing this check is widely recommended before you hire any bookkeeper in Swanley.
Bookkeeping services are available for those living in in Swanley and also in: Sidcup, Horton Kirby, Crockenhill, Dartford, Chislehurst, Fawkham, Darenth, Farningham, Hook Green, Questor, Eynsford, St Mary Cray, Kevintown, Wilmington, Orpington, Hextable, together with these postcodes BR8 7LZ, BR8 7JS, BR8 7ND, BR8 7LD, BR8 7EY, BR8 7AJ, BR8 7AZ, BR8 7BW, BR8 7HH, BR8 7NG. Local Swanley bookkeeper services will likely have the postcode BR8 and the dialling code 01322. Checking this will guarantee that you access locally based bookkeepers. Swanley sole traders and business owners are able to utilise these and numerous other related services.
Swanley Bookkeeper Tasks
Most bookkeepers in Swanley will be able to offer you the following bookkeeping services: profit & loss reports, business bookkeeping, bookkeeping quotations, management accounts Swanley, franchise bookkeeping Swanley, Self-Assessment tax returns Swanley, bookkeeping for payroll, landlord bookkeeping Swanley, Xero bookkeeping services, bookkeeping for tradesmen, cash books Swanley, letting agent bookkeeping Swanley, bookkeeping services for charities Swanley, cheap bookkeeping services, Sage bookkeeping services Swanley, bookkeeping for restaurants Swanley, bookkeeping services for shops, payment services in Swanley, VAT returns Swanley, bookkeeping services for societies, independent bookkeeping services Swanley, wages & PAYE, accounting and bookkeeping services, bookkeeping for freelancers, mobile bookkeeping services, bookkeeping services for small businesses, invoice processing, cash flow analysis in Swanley, and more. These are just a small portion of the tasks that are handled by local bookkeepers. Swanley professionals will tell you about their full range of bookkeeping services. If there are different Swanley bookkeeper requirements that you need but can't see here, you should list them on the QUOTE FORM provided. We will get back to you with specifics just as soon as we can.
Kent Bookkeeping Enquiries
Current Kent bookkeeping enquiries: Ollie Locke from Pembury was enquiring about bookkeeping for his online business. Darcy Abbas wanted a bookkeeper for his letting business close to Chilham, Kent. Shay Horrocks in Teynham, Kent was searching for bookkeeping services for his public house. Stella Milligan in Great Chart was interested in bookkeeping for her clothing company. Jannah Tate in Egerton was hunting for a bookkeeper to do her Self-Assessment tax returns. Nova Jacques from Penshurst was interested in bookkeeping for her netball club. Laila Stanton in St Mary in the Marsh, Kent was enquiring about bookkeeping for her nail salon. Kitty Carty was in need of a bookkeeper for her letting business located in Boughton Under Blean, Kent. All of these local people did a search for "Bookkeepers Kent" and discovered this website on Bing, Google or Yahoo.
Bookkeepers Near Swanley
Also here.: Hextable bookkeepers, Sidcup bookkeepers, Kevintown bookkeepers, Crockenhill bookkeepers, Eynsford bookkeepers, Farningham bookkeepers, Dartford bookkeepers, Fawkham bookkeepers, Darenth bookkeepers, Orpington bookkeepers, Questor bookkeepers, Horton Kirby bookkeepers, Hook Green bookkeepers, Chislehurst bookkeepers, St Mary Cray bookkeepers, Wilmington and more. The majority of these places are served by local bookeepers. Swanley businesses and traders can get prices for bookkeeping services by going
- Swanley Cheap Bookkeeping
- Swanley VAT Returns
- Swanley Sole Trader Bookkeeping
- Swanley Bank Reconciliations
- Swanley Tax Returns
- Swanley Credit Control
- Swanley Payroll Services
- Swanley Wages and PAYE
- Swanley Small Business Bookkeeping
- Swanley Double-Entry Bookkeeping
- Swanley Cash Flow Analysis
- Swanley Self-Assessment Bookkeeping
- Swanley Tax Preparation
- Swanley Profit and Loss Analysis
Bookkeepers Around Swanley: People living in the following Swanley streets have just recently enquired about bookkeeping services - The Birches, Cedar Close, Strawberry Fields, Church Farm Close, Darns Hill, Squires Field, Conifer Way, Swanley Centre, Sheepcote Lane, Cherry Avenue, The Grove, Sheridan Close, St Georges Road, Ship Lane, Tylers Green Road, Sounds Lodge, Crawfords, Acacia Walk, Brook Road, Archer Way, Church Road, College Road, Beech Avenue, Stuart Close, Southfields, Birchwood Park Avenue, as well as the following local Swanley postcodes: BR8 7LZ, BR8 7JS, BR8 7ND, BR8 7LD, BR8 7EY, BR8 7AJ, BR8 7AZ, BR8 7BW, BR8 7HH, BR8 7NG.
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Bookkeeping Jobs Swanley: Find bookkeeping jobs in Swanley by going here: Bookkeeping Jobs Swanley
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Bookkeepers in BR8 area, 01322.
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