Bookkeepers Westcliff-on-Sea Essex (SS0): You're entirely responsible for keeping accurate, "true and fair" accounting and financial records for a minimum of 6 yrs, if you operate an online store, are a sole trader or run a small business in Westcliff-on-Sea, as stated by the Companies Act (2006). If you cannot produce this information you may face thousands of pounds in fines and possible Company Director disqualification. There is a significant time investment involved with preparing such financial records on your own, and it's often more cost-effective to employ a professional bookkeeper or accountant, particularly if you consider the fact that according to Accounting Today magazine over 40% of small businesses spend at least 80 hours every year doing their bookkeeping duties.
The time has come to contact a bookkeeper in Westcliff-on-Sea for advice, if you're overcome with a sense of terror just thinking about the possiblility of producing balance sheets, preparing profit, loss and fiscal reports, tracking liabilities and assets or filling out ledgers.
BOOKKEEPER OR ACCOUNTANT?
For many small business owners in Westcliff-on-Sea, the first question that springs to mind when faced with this dilemma is "Exactly what is the distinction between a bookkeeper and an accountant?" The fact is that even though at one time the bookkeeping process, was looked at as beneath the skill-sets, qualifications and experience of an accountant, due to substantial improvements in software over the past ten years or so, most accountancy firms in the Westcliff-on-Sea area will now take on bookkeeping tasks. Most accountancy companies now have a flat rate for bookkeeping services, to keep them in line with what a dedicated bookkeeper in Westcliff-on-Sea would normally charge. This is great news for business owners in Westcliff-on-Sea because it offers a broader range of competition within the industry and can make the cost of your bookkeeping far more affordable than initially thought.
The main difference of an accountant over a bookkeeper is the standard of qualification and training required. Normally holding an accounting degree, a professional accountant will also have had additional training in tax preparation and have qualifications in business and financial management. A bookkeeper in Westcliff-on-Sea will definitely have an understanding of these fiscal disciplines, but may not have the same levels of training and experience, or hold these qualifications.
RESPONSIBILITIES OF A BOOKKEEPER IN WESTCLIFF-ON-SEA
The bookkeeping process put in the simplest of terms, is to record the daily transactions (financial) of any business in Westcliff-on-Sea. This is likely to include, but is in no way limited to;
- VAT submissions and recording.
- Billing of customers for work completed or goods.
- Monthly reports and reconciliations.
- Ensuring accounting and double-entry bookkeeping practices are followed.
- Logging invoices received and making sure that payment is completed on time.
- Highlighting and rectifying any discrepancies in the financial accounts.
- Payroll services.
- Documenting of all financial incomings; including electronic, cash and card payments.
Whilst it is dependent on the type of service you're looking for, if you're happy to undertake most of your own bookkeeping work, a professional bookkeeper may just be needed to double check your records periodically. To ensure that any mistakes or problems can be found and amended quickly, at the bare minimum, this needs to be each month. This compromise can often be the most cost effective if it is possible to stay in control of your everyday trading and financial transactions.
It's a good bet that if you're looking at hiring a bookkeeping company, you're currently struggling with the financial recording side of your small business in Westcliff-on-Sea. A good bookkeeping company will be able to offer advice on everything from invoicing, stocktaking and preparing expense reports, to linking the latest computer software with your accounts to allow the seamless processing of data.
An especially crucial aspect of a good bookkeeper is the ability to reconcile cash flow with accounts payable. Which means that instead of waiting for an overdue notice, which many small businesses are guilty of, or paying off a bill immediately, your bookkeeper will arrange bill payments to times when your finances are buoyant and in good shape. This isn't simply to make certain that your enterprise or business is on a sound financial footing all the time, but also to keep you in good stead with those people who supply your materials or services. This is a balancing act that you may find difficult to perform on your own when you're mainly focussed on the smooth running of your company.
For your small business, or if you are a sole trader, employing a professional bookkeeper in Westcliff-on-Sea, gives you the chance to have an impartial eye cast over your financial situation. Business trends and patterns that you might have overlooked may be pinpointed by this kind of objective evaluation. A scenario where an astute bookkeeper flags up an area which is falling in profits, or spots a new opportunity that may be worthwhile, is by no means an unheard of occurrence. These KPI's (key performance indicators) are essential in driving growth for any enterprise in Westcliff-on-Sea.
If your business sends out invoices it can often be humiliating having to chase up a late payment. By having an independent person outside your normal business situation visit your customer or make that phone call, some of that awkwardness can be taken away. If you have a consistent late payer there are legal procedures that a professional bookkeeper can employ to help resolve the issue before the situation winds up in claims court proceedings.
SOLE TRADER'S BOOKKEEPING REQUIREMENTS
If you are a sole trader the bookkeeping requirements, as laid out by law, start off fairly straightforward. A sole trader is expected to keep records of expenditure and income on a month by month basis and retain all receipts and invoices. While this may sound easy it is still recommended that you hire the services of a competent bookkeeper. So that you'll be able to claim back legitimate business expenses from HMRC, a professional sole trader bookkeeper in Westcliff-on-Sea will be happy to advise you on what you must do. This might include stationery goods, items such as computing equipment, rent and bills if working from home, printer ink and advertising. For more comprehensive advice, talk to your local bookkeeper, and discover how they may be able to help your business to grow in the future.
ONLINE TRADERS IN WESTCLIFF-ON-SEA
Specialisedare often necessary for particular bookkeeping niches. As an example, if you run an online store, you'll be wise to employ a bookkeeper in Westcliff-on-Sea who is familiar with international and cross-border taxes, exchange rate transfers, online payments and multi-currency processing. If that same shop sells goods you produce or hold, then monitoring your inventory on a 24 hours a day basis is a major priority, after all the internet never sleeps, so neither should your bookkeeping services and software.
It is also possible to establish a remote virtual office, which can be utilised in combination with your bookkeeping service and package. Providing a physical link with their customers, this allows an online only business or sole trader to have a telephone service and postal address. It is certainly worth discussing this possibility if it is needed, although not all bookkeeping businesses in Westcliff-on-Sea will offer this option.
PROFESSIONAL QUALIFICATIONS AND AFFILIATIONS
Many of the bookkeeping qualifications are at Diploma and Certificate level, and it's not necessary for a qualified bookkeeper in Westcliff-on-Sea to have a degree in accounting. There are a choice of online bookkeeping courses, although qualifications can still be obtained via further education universities and colleges.
There are essentially 2 principal organisations that offer certification and training to bookkeepers:
The ICB or Institute of Certified Bookkeepers: Keeping their associated members up-to-speed with the latest trends, the Institute of Certified Bookkeepers (ICB) is the largest organisation of its kind in the world, providing accreditation to qualified bookkeepers, along with reference material and training.
The Association of Accounting Technicians (AAT): With fully certified bookkeepers entitled to use the letters AATQB after their name, the AAT (Association of Accounting Technicians) provides advanced qualifications and a training schedule. This then allows them to become a licensed AAT bookkeeper and guarantees a decent level of service which is backed up by the association. AAT bookkeepers can can be liable to disciplinary and tribunal procedures if a complaint is made against them or they are found to have violated the code of practice. This helps to preserve the integrity of the AAT.
By going to their websites, you're able to examine the qualifications of any professional Westcliff-on-Sea bookkeeper on the register of AAT or ICB members. It is generally a good idea to implement this check, before you retain the services of any local bookkeeper in Westcliff-on-Sea.
Bookkeeping services are available for those living in in Westcliff-on-Sea and also in: Great Wakering, Daws Heath, Shoeburyness, Hadleigh, Stroud Green, Weir, Little Wakering, Hockley, Hawkwell, Church Hill, Southchurch, Ballards Gore, Marine Estate, Rochford, Eastwood, Canewdon, Rayleigh, Thundersley, Prittlewell, together with these postcodes SS0 0PB, SS0 0BX, SS0 0PL, SS0 0TB, SS0 0AF, SS0 0NT, SS0 0HP, SS0 0QB, SS0 0BW, SS0 0JD. Local Westcliff-on-Sea Bookkeepers will likely have the phone code 01702 and the postcode SS0. Checking this out should confirm you access local bookkeepers. Westcliff-on-Sea sole traders and business owners are able to benefit from these and many other comparable services.
Outsourced Bookkeeping Westcliff-on-Sea
All businesses in Westcliff-on-Sea should understand the significance of bookkeeping. It helps business people monitor the sum total of their liabilities and assets, their incomings and outgoings, the money left in their bank account, and so on. With the business owner having to deal with the concerns and issues of running a business, the task of carrying out the bookkeeping is often outsourced to freelance bookkeepers or a bookkeeping company in Westcliff-on-Sea.
If a company in Westcliff-on-Sea hires a bookkeeper in order to become an employee, the company will need to spend a substantial amount of money in training the person for the purpose of doing the bookkeeping tasks. In addition to that, there is no guarantee that he or she will stay after the training is completed. In that case, the company stands to lose a considerable amount of money. Apart from that, businesses will have to look for ways and means to provide benefits and incentives to keep the employee there. These are a few of the reasons behind business organisations enlisting the services of professional bookkeepers and bookkeeping companies in Westcliff-on-Sea.
With the advent of new technology and the internet there is no need for business owners to stick to a freelance bookkeeper who may continue with outdated accounting practices. Again, they are not under pressure to hire and retain some in-house bookkeepers. Bookkeeping outsourcing is becoming increasingly common in the financial domain. One will find a lot many companies offering financial bookkeeping services catering to all kinds of clients and industries in Westcliff-on-Sea. A majority of these companies promise and deliver quality service. It assumes importance for a business to look into the track record of these Westcliff-on-Sea bookkeeping companies when it comes to hiring a third party company for bookkeeping purposes.
The business owner in Westcliff-on-Sea can look for the following options with the bookkeeping company that offer outsourcing services. Check and find out how much savings he can enjoy by outsourcing the bookkeeping work. Since the expenses related to hiring and training the in-house staff is a great concern, it would be wise on the part of business owner to focus on an outsourcing company that can offer good savings. Try to get first hand information regarding the systems and methods employed by the company involved in bookkeeping services. It is very much important to get quality accounting services and greater security for your financial data. By quality, one means reliable, precise, and real-time bookkeeping data delivered within the set time. In short, the company that offers bookkeeping services in Westcliff-on-Sea should have a well protected system that can be relied on and trusted.
Bookkeeping Enquiries Essex
Recent Essex bookkeeping enquiries: Henry Dolan from Burnham on Crouch, Essex was interested in a bookkeeper for his online business. Coen Doran was in need of a bookkeeper for his franchise business located in Mistley. Ayan Faulkner in Tillingham, Essex asked "are there any qualified?". Haydn Curtis from Abberton, Essex was asking about bookkeeping services for his soccer club. Emilio Greaves from Mayland, Essex was interested in a bookkeeper for his pub. Tomas Finnegan in North Fambridge was hunting for bookkeeping for his reading club. Rosie Sturrock from Holland on Sea was interested in bookkeeping for her guitar lesson business. George Ross from Boreham was hunting for bookkeeping for his bricklaying business. All these people searched for "Bookkeepers Essex" and noticed this page on Bing, Yahoo or Google.
Westcliff-on-Sea Bookkeeper Questions
Only recently I decided I would check out the questions that people in Westcliff-on-Sea ask in relation to bookkeepers. Many of our visitors emailed in insightful enquiries that I thought would be worth mentioning here. The ones that stuck out were, How much is a bookkeeper per hour? When should I hire a bookkeeper? Can you do bookkeeping without a licence? Who can be a bookkeeper? When should I outsource bookkeeping? What are the benefits of a bookkeeping services? What qualifications does a bookkeeper need? Why does a bookkeeper prepare a trial balance? Should I use an accountant or a bookkeeper? The majority of these questions hopefully have been tackled in this short article, and if that is not the case a bookkeeping "Questions and Answers" feature will be introduced soon. My gratitude goes out to the following folks in Westcliff-on-Sea for taking the time to pose their excellent questions; Louie Williams, Sidney Bird, Colby Moss and Mckenzie Morley. We also had contributions from Bella Milne in Marine Estate, Maddox Goodman in Shoeburyness and Peyton Mcgowan in Hockley.
Westcliff-on-Sea Bookkeeper Tasks
Most Westcliff-on-Sea bookkeepers will be prepared to offer you the following services: bookkeeping services for restaurants, invoice processing, off-site bookkeeping, maintaining fixed asset registers, bookkeeping for pubs, bookkeeping services for clubs, bookkeeping services for freelancers, credit control in Westcliff-on-Sea, Xero bookkeeping services, bookkeeping quotations, bookkeeping for tradesmen Westcliff-on-Sea, corporation tax returns Westcliff-on-Sea, charity bookkeeping Westcliff-on-Sea, independent bookkeeping services in Westcliff-on-Sea, tax return preparation, VAT returns, management reports, general bookkeeping services Westcliff-on-Sea, accounting and bookkeeping, landlord bookkeeping Westcliff-on-Sea, company cash books, bank reconciliation, bookkeeping for charities Westcliff-on-Sea, personal tax returns Westcliff-on-Sea, bookkeeping services for the self-employed, QUOTE FORM provided. We will be in touch with details just as soon as we can., management accounts, bookkeeping services for retail outlets in Westcliff-on-Sea, bookkeeping services for small business, Sage bookkeeping services, and more. These are just a selection of the tasks that are conducted by local bookkeepers. Westcliff-on-Sea companies will tell you about their entire range of services. If there are additional Westcliff-on-Sea bookkeeper requirements that you need but can't see here, you should list them on the
Bookkeepers Near Westcliff-on-Sea
Also here.: Canewdon bookkeepers, Stroud Green bookkeepers, Thundersley bookkeepers, Little Wakering bookkeepers, Daws Heath bookkeepers, Great Wakering bookkeepers, Weir bookkeepers, Ballards Gore bookkeepers, Eastwood bookkeepers, Hockley bookkeepers, Church Hill bookkeepers, Southchurch bookkeepers, Hadleigh bookkeepers, Prittlewell bookkeepers, Hawkwell bookkeepers, Rayleigh bookkeepers, Marine Estate bookkeepers, Shoeburyness bookkeepers, Rochford and more. All these villages and towns are catered for by local bookeepers. Westcliff-on-Sea businesses and traders can get pricing for bookkeeping services by clicking
- Westcliff-on-Sea Payroll Services
- Westcliff-on-Sea Credit Control
- Westcliff-on-Sea Bookkeeping Quotations
- Westcliff-on-Sea Tax Returns
- Westcliff-on-Sea Double-Entry Bookkeeping
- Westcliff-on-Sea Self-Assessment Bookkeeping
- Westcliff-on-Sea Cheap Bookkeeping
- Westcliff-on-Sea Bookkeeping Services
- Westcliff-on-Sea VAT Returns
- Westcliff-on-Sea Tax Preparation
- Westcliff-on-Sea Sole Trader Bookkeeping
- Westcliff-on-Sea Small Business Bookkeeping
- Westcliff-on-Sea Cash Flow Analysis
- Westcliff-on-Sea Bank Reconciliations
Bookkeepers Around Westcliff-on-Sea: People living in these local Westcliff-on-Sea roads have recently inquired about bookkeeping services - Westcliff Parade, St. Johns Court, Leas Gardens, St. Vincents Mews, Chadwick Road, Marine Avenue, Badgers Close, Hobleythick Lane, Mannering Gardens, Britannia Gardens, Eastbourne Grove, Holyrood Drive, Crowstone Avenue, Mount Avenue, Seldon Close, Westcliff Parade, Imperial Court, Dulverton Close, Arundel Gardens, Trinity Avenue, St. Georges Drive, North Road, Seaforth Road, Crowstone Close, Satanita Road, Kings Road, Balmoral Road, Galton Road, Clifton Drive, Carlingford Drive, as well as these Westcliff-on-Sea area postcodes: SS0 0PB, SS0 0BX, SS0 0PL, SS0 0TB, SS0 0AF, SS0 0NT, SS0 0HP, SS0 0QB, SS0 0BW, SS0 0JD.
More Westcliff-on-Sea Services: Not surprisingly, when you're in need of a bookkeeper in Westcliff-on-Sea, Essex, you will likely be in need of all kinds of different services and along with EPOS in Westcliff-on-Sea, card processing in Westcliff-on-Sea, business consulting in Westcliff-on-Sea, HR consulting in Westcliff-on-Sea, telemarketing in Westcliff-on-Sea, an accountant in Westcliff-on-Sea, promotional video production in Westcliff-on-Sea, Ecommerce assistance in Westcliff-on-Sea, a marketing agency in Westcliff-on-Sea, social media marketing in Westcliff-on-Sea, financial advice in Westcliff-on-Sea, network, database & IT support in Westcliff-on-Sea, telephone system services in Westcliff-on-Sea, digital marketing services in Westcliff-on-Sea, hosting & cloud services in Westcliff-on-Sea, web design in Westcliff-on-Sea, pay per click advertising in Westcliff-on-Sea, and other different Westcliff-on-Sea specialists.in Westcliff-on-Sea, Essex, you could also need
Bookkeeping Jobs Westcliff-on-Sea: Browse bookkeeping jobs in Westcliff-on-Sea by going here: Westcliff-on-Sea Bookkeeping Jobs
More Essex Bookkeepers: More Shoeburyness, Wickford, Colchester, Barking, West Mersea, Leigh-on-Sea, Southchurch, Witham, Buckhurst Hill, Pitsea, Southend-on-Sea, Basildon, Brentwood, Halstead, Wivenhoe, Canvey Island, Coggeshall, Upminster, Harlow, Stanford-le-Hope, Epping, Maldon, Galleywood, South Woodham Ferrers, Hornchurch, South Benfleet, Great Wakering, Ingatestone, Chelmsford, Burnham-on-Crouch, North Weald Bassett, Langdon Hills, Tilbury, Westcliff-on-Sea, Great Dunmow, Chingford, Chipping Ongar, Hawkwell, Clacton-on-Sea, Southminster, Heybridge, Danbury, Hockley, Grays, Chigwell, Loughton, Tiptree, Walton-on-the-Naze, Corringham, Saffron Walden, Brightlingsea, Ilford, Waltham Abbey, South Ockendon, Dagenham, Hullbridge, Manningtree, Stansted Mountfitchet, Parkeston, West Thurrock, Hadleigh, Chafford Hundred, Writtle, Great Baddow, Stanway, Laindon, Harwich, Braintree, Rochford, Holland-on-Sea, Rainham, Frinton-on-Sea, Rayleigh, Purfleet, Romford and Billericay.:
If you need local Westcliff-on-Sea information click here
Bookkeepers in SS0 area, (dialling code 01702).
Sole Trader Bookkeeping Westcliff-on-Sea - VAT Returns Westcliff-on-Sea - Bookkeeping Quotations Westcliff-on-Sea - Bookkeeper Westcliff-on-Sea - Bookkeeping Westcliff-on-Sea - Tax Returns Westcliff-on-Sea - Kashflow Bookkeeping Westcliff-on-Sea - Small Business Bookkeepers Westcliff-on-Sea - Bookkeepers Westcliff-on-Sea