What is Bookkeeping?
In the simplest terms, bookkeeping deals with accounting sales and purchasing documents, as well as cash flow.
However, the scope of operations of a bookkeeper may be much broader.
They can be defined as activities within the sphere of finance, including the tax sphere as well.
Bookkeepers also deal with financial risk analysis, strategy creation, legal advice, tax optimisation, translation of tax regulations, preparation of declarations, as well as representation before tax and administrative offices.
The scope of activity of the bookkeeper will depend upon the business owner and how much assistance is needed.
You may well be familiar with the practises of accountancy, and there is a lot of crossover between the two roles, however, the main distinction tends to lie in the frequency of the records kept.
Whilst accountants typically work in intervals known as 'quarters' or 'tax periods', bookkeepers can be on hand far more regularly - monthly, or even weekly - keeping a much closer, more steady eye on your financial records.
Unlike accountants, though, Bookkeepers can also assist in both issuing and chasing up unpaid invoices, processing expense claims and locating appropriate documentation - such as stray receipts or invoices.
The role of 'Bookkeeper' itself can be made relatively bespoke, picking up the financial and administrative slack wherever you company calls for it.
How Bookkeeping Can Help
We know that many business owners see bookkeeping as a laborious, time consuming task that slows them down and limits work in other areas.
On the other hand – we are passionate about it and are dedicated to doing it better than all others.
Making sure that all your business’ books are properly managed in a professional and efficient manner.
Taking the pressure off of you and your employees to increase productivity
To allow you the opportunity to attain both your business and personal goals, as well as to prosper financially through with our consistent support
Essentially, bookkeeping takes the stress and burden away from you completely, leaving you time to do what you’re best at.
The bookkeeper will handle all your accounts, making rigorous checks, in depth analysis and record it securely.
They will also see it through a strict preparation process, enabling it to be viewed by all professional bodies, such as banks, financial companies or HMRC.
Bookkeeping experts are equipped to deal with each of your daily financial dealings – whether it’s coming in or going out, their team will handle every aspect.
It’s a comprehensive provision, always tailored to each client, making sure that they are catered for to the best of their ability.
Benefits of Bookkeeping
Some of the many plus sides of professional bookkeeping include, but are certainly not limited to:
Timely, stress-free financial records that are kept in accordance with all necessary regulations
Professional accuracy in everything from payroll periods to sole trader self assessments
Fraud-detection - never fall prey to business phishing scams
Reliable insight into financial trends, as well as profits and losses
Never, ever lose another penny over administrative error!
Our Bookkeeping Service
Founded in 2005, our superb team has been providing small businesses and individuals with a range of bookkeeping services, from all areas of financial recording, management accounting, payroll and credit control.
You can rely on Norden's to help you navigate all of the financials of your business - whether that's assisting with company payroll or helping you spot (and rectify) any discrepancies or suspicious activity.
Our mission is to offer companies and individuals a personalised, accurate, timely and relevant service that complies with all professional, financial, and legal standards.
Not only that, but we're just as concerned with building strong client relationships as we are with providing fantastic accuracy. That means, with us, you'll always have a diligent team member on side, to:
Help you navigate any/all tax deadlines and get compliant with government regulations
Provide insight into money-saving practices to help your business thrive
Issue invoices and, in turn, chase them up on your behalf if and when overdue
Keep a water-tight record of all the important financial information, and access/reference it with ease when necessary
Offer valuable financial advice with your best interests and goals in mind.
More information on Bookkeeping
At Nordens we have all the information you need about getting your bookkeeping up and running. Take a look at some of our other articles on the subject and learn more about how your business can benefit from this unique service.