Why Your Small Business Should Use an AAT Licensed Bookkeeper
As a small business owner, you understand the importance of keeping your books up-to-date and accurate. However, bookkeeping can be time-consuming and challenging, especially if you're handling it alone. That's where professional bookkeepers come in - they can help you stay on top of your finances, meet important deadlines, and make informed decisions about your business.
But with so many bookkeepers out there, how do you know which ones are trustworthy? And how do you know if they're AAT licensed? In this blog post, we'll explore what it means for a bookkeeper to be AAT licensed and why it's essential for your small business to use licensed providers.
What does it mean for a bookkeeper to be AAT licensed?
AAT (Association of Accounting Technicians) is a professional body that represents accounting and finance professionals globally. If a bookkeeper is AAT licensed, it means that they have undergone rigorous training and passed exams to become a qualified accounting technician. It also means that they abide by the AAT's strict code of ethics and conduct, which ensures that they operate with integrity, professionalism, and transparency.
Why is it essential for your business to use licensed providers?
As a small business owner, you want to ensure that your finances are in safe hands. By using licensed providers, you can be confident that your bookkeeper is not only qualified but also accountable for their work. Licensed providers offer peace of mind, as they know the latest bookkeeping and accounting regulations and requirements. They work to high standards to ensure your finances are accurate, up-to-date, and comply with the law.
Advantages of using a licensed bookkeeper
AAT licensed bookkeepers are highly skilled and offer many advantages to small business owners. For instance, they can help you save time and money by streamlining your bookkeeping processes. They can automate your financial transactions, monitor your cash flow, and provide you with real-time financial reports, enabling you to make informed decisions about your business. Additionally, licensed bookkeepers can help you avoid costly errors that can affect your bottom line. They can also ensure that you're not missing any tax deadlines, saving you from unnecessary penalties and fines.
Choosing the right AAT licensed bookkeeper
With so many AAT licensed bookkeepers, it can be challenging to choose the right one for your business. Here are a few factors to consider:
Experience: Choose a bookkeeper who has experience working with small businesses in your industry.
Availability: Ensure that your bookkeeper can commit enough time to your business and respond quickly to your queries.
Services Offered: Check if the bookkeeper offers the specific services your business requires, such as payroll, VAT, or CIS submissions.
Price: Consider your budget and choose a bookkeeper who offers a fair price for their services.
How HiThrive Can Help Your Business
At HiThrive, we provide bookkeeping and payroll services that guarantee the accuracy and timely preparation of your financial information. We use Xero Accounting Software software to streamline your bookkeeping processes and leave you with actionable insights for your business.
We can seamlessly adapt to whichever VAT scheme you are signed up for- Flat Rate, Cash Accounting or Standard- and process and file your quarterly VAT and CIS returns with ease. We can also tailor our payroll services to the requirements of your business and ensure your Real-Time Information and Pension Automatic Enrolment submissions are up-to-date.
In conclusion, using a licensed bookkeeping service provider like HiThrive can benefit your business in various ways. You'll work with qualified, competent, and experienced bookkeeping professionals who can ensure that your finances are accurate and up-to-date. This will allow you more time to focus on running your business and ensuring it is a success. By partnering with us, we can help you streamline your financial processes and focus on the areas of your business that matter most- driving profits and company growth. Discover more about our bookkeeping services.