Bookkeepers Walton-on-Thames Surrey (KT12): For anybody in Walton-on-Thames who acts as a sole trader, runs an online store or owns a small business, it is their sole responsibility to maintain accurate, "true and fair" financial and accounting records for at least 6 years. This is according to the Companies Act (2006). You might be disqualified as a Company Director and receive a hefty fine, if you can't produce such records. It can be more cost-effective to employ a professional accountant or bookkeeping service to undertake this for you, because according to the magazine Accounting Today over forty percent of small business owners spend 80 plus hours per year on their accounts, which is a significant investment of time, and might be better spent on actually running your business.
If the idea of tracking assets and liabilities, filling out ledgers, preparing profit, loss and fiscal reports or compiling balance sheets brings you feelings of dread, then the time has come to contact a bookkeeper in Walton-on-Thames for help and advice.
BOOKKEEPER OR ACCOUNTANT?
What exactly is the difference between an accountant and a bookkeeper is the first question that springs to mind for many business owners in Walton-on-Thames. To be honest, due to massive software improvements over the past decade many accountancy companies in the Walton-on-Thames area will consider taking on the task of bookkeeping, which was at one time looked at as beneath their qualifications, skill-sets and experience. To keep their bookkeeping services in line with a typical bookkeeper's fee, it is now fairly common for accounting companies to charge a fixed rate for these services. As it provides a greater variety of competition within the marketplace, this is fantastic news for business owners in Walton-on-Thames, making their bookkeeping costs far more affordable than they previously were.
When you're looking at the differences between a bookkeeper and an accountant in Walton-on-Thames, the main one is the standard of qualification and training that's needed for each discipline. An accountant will, at a minimum, hold an accounting degree, and should have also had additional training in fiscal and business management, and taxes. A bookkeeper in Walton-on-Thames might not have the same levels of experience and training, or hold these qualifications, but should still have a decent understanding of these procedures.
RESPONSIBILITIES OF A BOOKKEEPER
The act of bookkeeping in the simplest of terms, is to record the daily fiscal transactions of any business enterprise in Walton-on-Thames. This will likely include, but is by no means limited to;
- Monthly reporting and reconciliations.
- VAT recording and submissions.
- Recording of all financial incomings; including cash, card and electronic payments.
- Ensuring double-entry bookkeeping and accounting practices are implemented.
- Logging invoices received and ensuring payment is completed promptly.
- The billing of customers for work completed or goods.
- Payroll services.
- Highlighting any discrepancies in the financial accounts and rectifying them.
Depending on the level of service you need, e.g. you are able to do the vast majority of bookkeeping work; a professional bookkeeper may only be necessary for double-checking your accounts on a fixed schedule. To enable any problems or mistakes to be uncovered and amended swiftly, this really needs to be done each month as a bare minimum. This can be an extremely cost-effective trade-off, as long as it is possible to stay on top of your financial transactions without compromising your day to day business operations.
It is a good bet that if you are looking at hiring a bookkeeper in Walton-on-Thames, you're currently fretting over the financial recording aspects of your small business. To enable the seamless pull-through of transactional data, a decent bookkeeping service will help you to link the most up-to-date computer software to your business accounts, and will provide guidance and advice on things such as generating expense reports, invoicing and stocktaking.
One of the most vital elements of good bookkeeping, is being able to effectively reconcile cash flow with accounts payable. This means that rather than paying an outstanding bill right away, or waiting for an overdue notice, which most small businesses in Walton-on-Thames are guilty of at some time or other, your bookkeeper will arrange bill payments to times when your finances are buoyant and in good order. This not only keeps your business financially secure, but keeps you in the good books of suppliers and those businesses who supply you with services. Unfortunately, this is one of those balancing acts that can be challenging to perform when you're purely focussed on the streamlined running of your day to day business operation.
For your small business, or if you are a sole trader, employing an experienced bookkeeper in Walton-on-Thames, gives you the chance to have a fresh eye cast over your financies. This dispassionate evaluation can allow them to see business trends and patterns that might have gone unnoticed. It's not unusual for a bookkeeper to spot a new opportunity or flag an area of the business which is falling in profits. For the growth and success of any business in Walton-on-Thames, it is vital that such key performance indicators are spotted early.
If your business sends out invoices it can sometimes be embarrassing having to pursue late payments. If that phone call or visit to your clients is done by somebody from outside your normal business bubble, it is possible for some of that embarrassment to be removed. If you have a persistent late or non-payer there are legal procedures a professional bookkeeper can employ to help resolve the issue before the situation ends up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
The legal bookkeeping requirements for sole traders, are comparatively straightforward and basic. It is required that a sole trader should keep track of expenditure and income from month to month and keep all invoices and receipts. Now, this doesn't sound that hard does it? Yet, it's still a good idea to retain the services of a bookkeeper to make certain that it's all done right. A professional sole trader bookkeeper in Walton-on-Thames will be able to advise you on what you are able to claim back from HMRC as business expenses. This might include rent and bills if you work from home, printer ink, advertising, stationery goods and items such as laptops. To discover how they can help your business to prosper and grow, talk to your bookkeeper for more comprehensive advice and guidance.
ONLINE TRADERS IN WALTON-ON-THAMES
There are several business niches where a specialist bookkeeper could be needed. If cross-border and international taxes, multi-currency processing, exchange rate transfers and online payments are involved, for instance if you manage a store online, you'll be wise to hire a bookkeeper in Walton-on-Thames who is familiar with these operations. If you hold or produce the merchandise that you distribute through that store, then it is going to be a major priority for your bookkeeping services and software to manage your your stock on a 24 hours a day basis, given that the internet does not sleep.
It is also possible to provide a virtual office, which can be utilised in combination with your bookkeeping service. This allows a sole trader or online only business to have a telephone service and postal address to offer a physical link with their clients. If this sort of service is needed, it's certainly worth discussing, although this option won't be supplied by all Walton-on-Thames bookkeepers.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
A certified Walton-on-Thames bookkeeper needn't have a degree and a good many qualifications for the industry are at Certificate and Diploma level. If the chosen route to qualification is via further education colleges and universities, this option is still available, whereas there there's an ever-increasing number of online bookkeeping courses.
There are two principal certification and training organisations which represent bookkeepers:
The AAT or Association of Accounting Technicians: With certified bookkeepers entitled to use the letters AATQB after their name, the AAT or Association of Accounting Technicians provides advanced qualifications and a training schedule. This then permits them to become a certified AAT bookkeeper and guarantees a decent standard of service which is backed by the organisation. To safeguard the integrity of AAT membership, if a bookkeeper who's a member of the AAT has a complaint filed against them or is found to have contravened the code of conduct they may be liable to disciplinary and tribunal procedures.
The ICB or Institute of Certified Bookkeepers: Keeping their members up-to-speed with the latest trends and innovations, the Institute of Certified Bookkeepers or ICB is the largest bookkeeping organisation on the planet, providing accreditation to certified bookkeepers, together with reference material and training.
By visiting their websites, it's possible to examine the register of ICB or ATT members, to confirm the accreditations of any Walton-on-Thames bookkeeper. Performing these checks is always advisable before actually getting involved with any professional bookkeeper in Walton-on-Thames.
Bookkeeping services are available for people living in in Walton-on-Thames and also in nearby places like: Shepperton, Ashley Park, Laleham, Kempton Park, Esher, Hurst Park, Lower Halliford, Rydens, Brooklands, Hampton, as well as in these postcodes KT12 1AZ, KT12 1HS, KT12 1WE, KT12 1LZ, KT12 1XA, KT12 1HL, KT12 1AX, KT12 1LQ, KT12 1LT, KT12 1HR. Locally based Walton-on-Thames Bookkeepers will likely have the postcode KT12 and the telephone dialling code 01932. Checking this out can ensure you access local bookkeepers. Walton-on-Thames sole traders and business owners will be able to utilise these and lots of other related services.
In the Surrey area you'll also locate: Shepperton bookkeeping accountants, Westcott accounts services, Netherne on the Hill bookkeepers, Mytchett bookkeeper, Blindley Heath bookkeeper, The Sands bookkeeper, Lower Kingswood accounts services, Bletchingley bookkeeping, Earlswood bookkeeping accountants, Bellfields bookkeeping accountants, Flexford bookkeeping, Shere bookkeeping services, Hooley bookkeeping, Bellfields bookkeeping, Warlingham bookkeeping, Burstow bookkeeping accountants, Farnham bookkeepers, Farnham bookkeeping services, Cobham bookkeeping accountants, Betchworth accounts services, Sidlow bookkeeping services, North Holmwood bookkeepers, Merrow bookkeeping, Fetcham bookkeeping, Caterham on the Hill bookkeepers, Long Ditton bookkeeper, Chiddingfold bookkeeping, West End accounts services, Shere bookkeeping, Dorking bookkeeping services. In every district of the Surrey region you should be able to locate bookkeepers who'll offer various services for your security needs. If you can't identify the perfectin Walton-on-Thames itself then you will no doubt be able to find one nearby.
Walton-on-Thames Bookkeeper Tasks
Most Walton-on-Thames bookkeepers will be willing to provide you with the following services: management reports, small business bookkeeping, company cash books, Kashflow bookkeeping services, bookkeeping for freelancers in Walton-on-Thames, credit control in Walton-on-Thames, invoice processing, Quickbook bookkeeping services, Xero bookkeeping, bookkeeping for retail outlets, payment services, bookkeeping services for self-employed, bookkeeping services for restaurants, off-site bookkeeping services, cheap bookkeeping services, wages & PAYE, bookkeeping services for organisations in Walton-on-Thames, bank reconciliations in Walton-on-Thames, VAT returns, tax preparation in Walton-on-Thames, bookkeeping services for limited companies in Walton-on-Thames, accountancy packages, accounting and bookkeeping Walton-on-Thames, bookkeeping for sole traders, bookkeeping services for tradesmen, bookkeeping services, and more. Listed are just some of the activities that are handled by local bookkeepers. Walton-on-Thames companies will inform you of their full range of services. If there happen to be additional Walton-on-Thames bookkeeper requirements that you need but cannot see here, you can easily list them on the QUOTE FORM provided. We will be in touch with details as soon as we are able.
Bookkeeping Enquiries Surrey
Recently posted Surrey bookkeeping enquiries: India Bentley from Send, Surrey was hunting for a bookkeeper for her guitar lesson business. Zayn Warner in Godalming, Surrey was trying to find a bookkeeper for his soccer club. Guy Boon in Virginia Water, Surrey was looking for bookkeeping services for his book club. Lacie Hawtin from Oxshott, Surrey was enquiring about a bookkeeper for her internet sales business. Etta Crowe in Capel, Surrey was interested in a bookkeeper to do her Self-Assessment tax returns. Naomi Goddard from Warlingham was hunting for bookkeeping services for her coffee shop. Vincent Welsh from Lightwater was asking about bookkeeping for his plumbing business. Mariella Sadiq in Walton-on-Thames, Surrey was interested in bookkeeping services for her wedding planning business. Most of these local clients did a search for "Bookkeepers Surrey" and came across this website on either Yahoo, Google or Bing.
Walton-on-Thames Bookkeeper Questions
Over the last few weeks I've been examining the questions that folks in Walton-on-Thames ask in relation to bookkeepers. A few of our web visitors sent in interesting questions that might be worthy of mentioning here. The ones that I singled out were, How can a bookkeeper help my business in Walton-on-Thames? What are the benefits of a bookkeeping services? How much is bookkeeping per hour? How is bookkeeping different from accounting? Who can be a bookkeeper? Why is bookkeeping important? What does bookkeeping entail? When is double-entry bookkeeping used? Can you do bookkeeping without a licence? We hope that nearly all of those queries have been dealt with on this webpage, and if not a bookkeeping "Questions and Answers" feature is the next thing to be implemented. Thanks a lot to Austin Simpson, Montgomery Shepherd, Yasin Barber and Ariana Henry, for raising these great questions. Appropriate offerings were also received from Jade Finch in Lower Halliford, Nolan Park in Ashley Park and Andrea Prince in Shepperton.
Bookkeepers Near Walton-on-Thames
Also: Upper Halliford bookkeepers, Ashley Park bookkeepers, Kempton Park bookkeepers, Lower Halliford bookkeepers, Rydens bookkeepers, Brooklands bookkeepers, Oatlands Park bookkeepers, Littleton bookkeepers, Hampton bookkeepers, Lower Green bookkeepers, Laleham bookkeepers, Hurst Park bookkeepers and more.
- Walton-on-Thames Bookkeeping Quotations
- Walton-on-Thames Self-Assessment Bookkeeping
- Walton-on-Thames VAT Returns
- Walton-on-Thames Wages PAYE and CIS
- Walton-on-Thames Double-Entry Bookkeeping
- Walton-on-Thames Small Business Bookkeeping
- Walton-on-Thames Profit and Loss Reporting
- Walton-on-Thames Credit Control
- Walton-on-Thames Bookkeeping Services
- Walton-on-Thames Tax Preparation
- Walton-on-Thames Cheap Bookkeeping
- Walton-on-Thames Payroll Services
- Walton-on-Thames Tax Returns
- Walton-on-Thames Cash Flow Analysis
Bookkeepers Around Walton-on-Thames: People who live in these nearby Walton-on-Thames areas have recently enquired about bookkeeping services - Downham Court, Brittain Road, Copenhagen Way, Sullivans Reach, Shaldon Way, Cromwell Road, Branksome Close, Burhill, Ambleside Avenue, Burwood Close, The Quillot, Second Avenue, The Centre, Cowley Crescent, Beecot Lane, Crofton Avenue, St Johns Drive, Annett Road, Dukes Road, Sidney Road, Collingwood Place, Somerset Close, Ashley Park Avenue, Clarence Close, Charlton Avenue, Back Green, Thistlecroft Road, Church Walk, as well as the following Walton-on-Thames area postcodes: KT12 1AZ, KT12 1HS, KT12 1WE, KT12 1LZ, KT12 1XA, KT12 1HL, KT12 1AX, KT12 1LQ, KT12 1LT, KT12 1HR.
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Walton-on-Thames Bookkeeping Jobs: See bookkeeping jobs in Walton-on-Thames by clicking here: Walton-on-Thames Bookkeeping Jobs
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More Surrey Bookkeepers: More Epsom, Ash, Leatherhead, Woking, Chertsey, Horley, Guildford, Godalming, Haslemere, Walton-on-Thames, Cranleigh, Farnham, Caterham, Redhill, Esher, Staines, Banstead, Ewell and Dorking.:
Bookkeepers in KT12 area, 01932.
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