Bookkeepers Tenterden Kent (TN30): For any individual in Tenterden who owns a small business, runs an online store or acts as a sole trader, it's their sole responsibility to maintain accurate, "true and fair" financial and accounting records for a minimum of six years. This is in accordance with the 2006 Companies Act. You could face a fine of thousands of pounds, and perhaps Company Director disqualification, if you cannot produce such records. Accounting Today magazine says that over forty percent of small businesses spend at least eighty hours every year doing their bookkeeping, therefore whilst you can carry out these financial recordings on your own behalf, it can pay to use a professional accountant or bookkeeper to do them instead.
The time has come to get in touch with a bookkeeper in Tenterden for guidance and advice, if you are filled with a sense of dread just thinking about the possiblility of compiling balance sheets, tracking assets and liabilities, preparing profit, loss and financial statements or writing ledgers.
BOOKKEEPER OR ACCOUNTANT?
For many business owners in Tenterden, an obvious question when facing this dilemma is "Just what is the difference between a bookkeeper and an accountant?" At one time it was often regarded as to be beneath the experience, qualifications and skill set of an accountant to do the work of a bookkeper, however because of software developments over the past decade, many bookkeeping duties will now be taken on by accounting companies in Tenterden. Many accountancy firms now have a fixed rate for bookkeeping services, to keep them consistent with what an independent bookkeeper in Tenterden would generally charge. This is excellent news for business owners since it provides a broader range of competition within the marketplace and can make your bookkeeping costs cheaper than initially thought.
When you are considering the differences between a bookkeeper and an accountant, the main one is the level of qualification and training that's needed for each discipline. At least an accounting degree with further training in the field of taxation and other business and financial management, will generally be held by an accountant. While having a decent understanding of such disciplines, a bookkeeper in Tenterden may not have the same levels of experience and training, or hold these qualifications.
RESPONSIBILITIES OF A BOOKKEEPER IN TENTERDEN
The bookkeeping process put in the simplest of terms, is the recording of the day to day monetary transactions of any business enterprise in Tenterden. This is likely to include, but is by no means limited to;
- Documenting invoices received and ensuring payment is completed promptly.
- Highlighting and rectifying any discrepancies in financial accounts.
- Monthly reports and reconciliations.
- Documenting of all financial incomings; cash, electronic and card payments included.
- Billing of clients for work completed or goods.
- VAT submissions and recording.
- Making sure that accounting and double-entry bookkeeping practices are observed.
- Payroll services.
Based on service level you require, a professional bookkeeper may only be needed to periodically double-check your accounts, if you are happy to do the majority of the bookkeeping work yourself. To enable any mistakes or problems to be uncovered and amended swiftly, this should really be done every month as a bare minimum. This compromise can often be the most economical if you are confident of remaining up-to-date with your day by day trading and financial transactions.
Whatever the situation is with your business, if you're currently looking to hire a bookkeeping firm in Tenterden, there's a fair chance that you might be fretting over the process of recording your financial data. A professional bookkeeper will help you out with everything from invoicing, stocktaking and preparing expense reports, to linking your accounts with the latest computer software to seamlessly process all of your transaction information.
The effective reconciliation of cash flow with accounts payable is one of the most important aspects of a good bookkeeping service. Which means that rather than waiting for a final notice, which many small businesses are guilty of doing, or paying a bill right away, your bookkeeper will organise bill payments to times when your accounts are buoyant and in good order. Along with keeping your business on a sound financial footing, this also keeps you in the good books of service providers and suppliers. This is a juggling act that can be difficult to accomplish as an individual when you're mainly focussed on the operation of your company.
Having somebody who is unconnected to the business cast an eye over your financial transactions, is another good thing about employing a qualified bookkeeper in Tenterden for your small business or if you are a sole trader. It could be that business patterns and trends that you have overlooked will thus be highlighted. It's by no means unusual for a clever bookkeeper to flag an area which is dropping in profits, or spot a brand new opportunity which could be worthwhile. Spotting such key performance indicators is crucial for the success of any business enterprise in Tenterden.
If invoices are sent out by your business it can often be awkward to chase up a late payment. By having a person outside your normal business bubble visit your customers or make that telephone call, some of that awkwardness can be taken away. To help deal with the situation, if you're troubled with a persistent late payer, there are methods that can be employed by a professional bookkeeper, so court proceedings can be averted.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
If you are a sole trader the requirements for bookkeeping, as laid out by law, are fairly straightforward. It is stipulated that a sole trader should monitor expenditure and income on a monthly basis and retain all invoices and receipts. It is still recommended that you retain the expert services of a bookkeeper, even if this might at first sound simple. So that you will be able to claim back any bonafide business expenses from HMRC, a specialised sole trader bookkeeper in Tenterden can give you advice on what needs to be done. This might include consumables, promotional advertising, items such as computers, stationery and bills and rent if you work from home. For more comprehensive advice, chat to your local bookkeeper, and see how they can help your business to flourish and grow going forward.
BOOKKEEPING FOR ONLINE TRADERS
There are niche areas in bookkeeping where a specialist could be required. For instance, if you run a store online, you'll be wise to employ a bookkeeper in Tenterden who is familiar with exchange rate transfers, online payment procedures, multi-currency processing and cross-border and international taxes. Controlling stock on a 24 hours a day basis is also a huge concern, if the same store sells goods that you produce or hold, as I'm sure you will appreciate the internet doesn't sleep, so nor should your bookkeeping software or services.
A virtual office can also be supplied together with bookkeeping services. This can be valuable in enabling an online only business or sole trader to have a telephone service and postal address to provide a physical link with their customer base. Although this option might not be provided by all Tenterden bookkeepers, it is certainly worth a discussion if this is something that could be advantageous.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the bookkeeping qualifications are at Diploma and Certificate level, and it's not mandatory for a qualified Tenterden bookkeeper to hold a degree in accounting. Bookkeeping qualifications can be gained via further education colleges and universities but there is also a selection of courses offered online.
To provide certification and training for bookkeepers, there are basically 2 primary organisations of interest:
The Association of Accounting Technicians or AAT: The Association of Accounting Technicians or AAT provides advanced qualifications and a training schedule allowing a fully certified bookkeeper to use the letters AATQB. They're then entitled to become authorised AAT bookkeepers, which guarantees their clients a high level of service which is backed up by the association. To protect the integrity of the AAT membership, a bookkeeper who's affiliated with the AAT can be liable to disciplinary and tribunal procedures if they have a complaint against them or are found to have violated the code of conduct.
The Institute of Certified Bookkeepers (ICB): The ICB or Institute of Certified Bookkeepers is the largest on the planet and offers accreditation to certified bookkeepers, along with training and reference material to keep their associated members up-to-date.
The accreditations of any bookkeeper can be verified on the register of AAT or ICB members on their websites. Performing this check is widely recommended before you use any professional bookkeeper in Tenterden.
Bookkeeping services are available in Tenterden and also in: Biddenden, Rolvenden Layne, Shadoxhurst, Rolvenden, Woodchurch, Wittersham, Appledore, Parkgate, St MIchaels, Sandhurst, Benenden, Ashenden, Haigh Halden, Sissinghurst, as well as in these postcodes TN30 6LL, TN30 6FJ, TN30 6TT, TN30 6AT, TN30 6UD, TN30 7AX, TN30 6SD, TN30 6RU, TN30 7BD, TN30 6UP. Local Tenterden Bookkeepers will most likely have the postcode TN30 and the telephone dialling code 01580. Checking this out can ensure that you access locally based bookkeepers. Tenterden sole traders and business owners will be able to utilise these and various other related services.
Tenterden Bookkeeper Questions
In the past month or so I've been studying the questions that folks ask in regard to bookkeepers in Tenterden. Some of our visitors put forward some insightful questions that may be applicable to this discussion. The ones that stuck out were, What qualifications does a bookkeeper hold? Why do I need a bookkeeper? Where can I find a bookkeeper in Tenterden? Does bookkeeping require a degree? Who needs bookkeeping services? How much do bookkeeping services charge? Should I use an accountant or a bookkeeper? What are the advantages of a bookkeeper? What are accountant bookkeepers? The vast majority of these enquiries hopefully have been dealt with in the preceding article, if not a bookkeeping "Q&A" section is the next thing we are going to introduce. My gratitude goes out to these folks in Tenterden for taking time out to raise their questions; Leighton Lloyd, Malik Hunter, Bryan Hewitt and Alana Dickinson. Pertinent offerings were likewise received from Kimberly Sykes in Rolvenden Layne, Cooper Hirst in Wittersham and Faith Devlin in Biddenden.
Kent Bookkeeping Enquiries
Recent Kent bookkeeping enquiries: Nico Ansell from Upchurch was trying to find a bookkeeper for his online business. Anthony Briggs in Brabourne was looking for bookkeeping for his sports shop. Monica Mcgill from Kings Hill was interested in bookkeeping services for her spanish lessons business. Martyna Conneely in Rolvenden, Kent was interested in bookkeeping services for her wedding cake shop. Dua Caton in Horsmonden was hunting for bookkeeping services for her fashion company. Alia Mair in Stanhope, Kent was interested in a bookkeeper to do her Self-Assessment tax returns. Conrad Burland from Hamstreet, Kent was asking about bookkeeping services for his construction company. Brodie Wells in Minster on Sea, Kent was interested in a bookkeeper to do his Self-Assessment tax returns. These local customers searched for "Bookkeepers Kent" and discovered this website on either Bing, Yahoo or Google.
Tenterden Bookkeeper Tasks
Most bookkeepers in Tenterden will be prepared to provide you with the following bookkeeping and accounting services: bookkeeping services for organisations Tenterden, Sage bookkeeping, bookkeeping for pubs, company cash books, bookkeeping and accounting Tenterden, bookkeeping services for retail outlets, bookkeeping services for freelancers in Tenterden, Xero bookkeeping services, bookkeeping prices Tenterden, franchise bookkeeping Tenterden, Quickbook bookkeeping services, bookkeeping for limited companies, landlord bookkeeping Tenterden, invoice processing, bookkeeping for sole traders, general bookkeeping services, bank reconciliations in Tenterden, VAT returns, payroll bookkeeping, professional bookkeeping services, management accounts, bookkeeping for clubs, credit control, personal tax returns Tenterden, independent bookkeeping services, bookkeeping for home-based businesses in Tenterden, bookkeeping services for charities, bookkeeping for startups, and more. These are just a handful of the activities that are conducted by local bookkeepers. Tenterden professionals will keep you informed about their full range of bookkeeping services. If there are additional Tenterden bookkeeper requirements that you want but cannot see here, you can easily list them on the QUOTE FORM provided. We'll be in touch with information just as soon as we can.
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Bookkeepers Near Tenterden
Also here.: Ashenden bookkeepers, Biddenden bookkeepers, Benenden bookkeepers, Appledore bookkeepers, Sissinghurst bookkeepers, Rolvenden Layne bookkeepers, Parkgate bookkeepers, St MIchaels bookkeepers, Shadoxhurst bookkeepers, Rolvenden bookkeepers, Haigh Halden bookkeepers, Wittersham bookkeepers, Sandhurst bookkeepers, Woodchurch and more. All these places are catered for by local bookeepers. Tenterden residents can get fees for bookkeeping services by clicking
- Tenterden Bookkeeping Estimates
- Tenterden Payroll Services
- Tenterden Cheap Bookkeeping
- Tenterden PAYE Wages and CIS
- Tenterden Self-Assessment Bookkeeping
- Tenterden Tax Returns
- Tenterden VAT Returns
- Tenterden Bookkeeping Services
- Tenterden Profit and Loss Analysis
- Tenterden Double-Entry Bookkeeping
- Tenterden Small Business Bookkeeping
- Tenterden Tax Preparation
- Tenterden Cash Flow Analysis
- Tenterden Credit Control
Bookkeepers Around Tenterden: People who live in these local Tenterden streets and areas have just recently enquired about bookkeeping services - Southgate Road, Ingleden Park Road, Wayside, Drury Road, Dumbourne Lane, Adams Close, Sandy Lane, Cranbrook Road, Chalk Avenue, Gribble Bridge Lane, Station Road, Kiln Field, St Mildred's Close, Tilden Gill Road, Springfield Avenue, Chennell Park Road, Craythorne, Rothley Close, Shoreham Lane, Oaks Road, Rolvenden Road, Wealden Avenue, Six Fields Path, Recreation Ground Road, East Hill, Abbott Way, Hurst Close, as well as the following Tenterden area postcodes: TN30 6LL, TN30 6FJ, TN30 6TT, TN30 6AT, TN30 6UD, TN30 7AX, TN30 6SD, TN30 6RU, TN30 7BD, TN30 6UP.
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Bookkeepers in TN30 area, telephone code 01580.
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