Matching "Bookkeeper" Tag

March is the chosen financial year end for more than 60% of our bookkeeping clients, whether they are a sole trader or a limited company.  So in April and May we are completing March and April bookkeeping for our bookkeeping clients, completing their VAT returns and finalising their accounts to hand over to their accountant.  This year, despite the additional workload created by COVID-19,…

If you decided to outsource your bookkeeping would you choose a bookkeeper or an accountant?  It can be confusing because many accountants offer bookkeeping services and therefore are a one-stop shop for your bookkeeping and your tax return or statutory accounts.  Bookkeepers provide bookkeeping services (and tax returns in some cases) and do not offer the services which accountants offer because they are not qualified tax advisers. So you might think that an accountancy firm is the best solution because…

The newest recruit to our bookkeeping team joined us at the beginning of May. Ryan is a trainee currently about to complete his Level 3 exams.  I know Ryan is really enjoying the variety of work we do and being able to learn from our experienced bookkeepers but I thought it would be interesting if he wrote about why he chose to do accounts and how he has found the first few weeks.  This might help others considering a similar change because it is always daunting, as well as exciting, to take a massive step in a different direction. Here is the beginning of Ryan's bookkeeping journey.…

The world of bookkeeping and accountancy is changing and has been changing rapidly over the last few years.  At one time small businesses would have…

Being a bookkeeper and a business owner means my day rarely runs to plan.  A full day of bookkeeping only happens when I visit clients because there are no telephone calls, emails, visitors, staff or other priorities requiring my attention. When I am in the office for the day I often leave feeling I haven't achieved anything that I wanted to.  Today was one of those days so I thought for my blog this week I would look back at today and see what I really did achieve.So, this was today in the life of a bookkeeper and business owner .................…

As a bookkeeper I have contact with lots of business owners who are in one or more of the following situations and need help.  It is always difficult to ask for help when you don't know exactly what you need help with but just know you can't continue as you are. …

Bookkeeping is an unknown quantity for many people.  Does anyone really understand what it entails and what a bookkeeper does?  Bookkeeper is a title which can cover everything finance related or can be as simple as data entry.  The word "bookkeeper" doesn't really do justice to our role in a business…

Not all bookkeepers and accountants are good at their job.  Each has a different sets of skills.  Bookkeepers do the day to day record keeping for your business, whilst accountants are better qualified to look at the overall picture of the business and advise on tax savings and planning.…

Bookkeeping is defined as "the recording of all financial transactions".  Sounds simple but if that was the case why is bookkeeping a career with qualifications ranging from Level 2 to Level 4?   The financial transactions of a sole trader's business to those of a huge organisation vary enormously but whatever level of transactions there are bookkeeping principles to follow.  A sole trader business can be just as complex as a limited company business, maybe more so in some cases - we certainly deal with sole traders who have high value businesses and large numbers of transactions as well as limited companies who have very…

As a bookkeeper with a successful bookkeeping practice I frequently receive emails from people who want to become bookkeepers asking me for advice. I am happy to answer their questions and point them in the right direction for qualifications. Or at least I was....…