Outsourcing the bookkeeping for your business
The IAB has been a leading professional and awarding body in the UK and
international bookkeeping profession for more than 40 years, raising the
professionalism of its members through regulated qualifications, and aiming to
ensure those starting or running a small business have access to the financial skills
that are critical for success.
IAB members are professionally qualified bookkeepers and frequently updated on
changes in legislation or guidance from the likes of HMRC, ensuring they are always
equipped to offer the best help and advice to clients. Their skills cover cash flow,
VAT, tax and payroll – many of the things an accountant can do.
IAB members are:
Qualified: In order to gain professional membership with the IAB applicants
need to have either an IAB level 2 qualification or higher or be qualified via
experience. They can also join if they have gained an equivalent qualification
with another recognised awarding body. The IAB offers extensive
qualifications – regulated by Ofqual, which is the non-ministerial government
department that regulates qualifications, exams and tests in England and
vocational qualifications in Northern Ireland.
Supervised: It is a legal requirement for bookkeepers in practice to hold
supervision under the Money Laundering Regulations. The IAB is an
approved supervisor under the regulations and our Members in Practice are
supervised by the IAB.
Professional and up-to-date: As members of the IAB they receive regular
technical updates and access to a range of resources to assist them with
legislation and changes taking place.
A good bookkeeper is a small business’s best friend – a reassuring presence who
can keep records up to date, ensure regulations are being met and provide early
warning of potentially damaging issues. When businesses go beyond the simplest of
accounts, they need appropriately qualified and skilled support – either provided
from within the company by a member of staff, or outsourced – that can ensure they
not only comply with HMRC requirements but gain the maximum benefit from cash
flow and regular financial information to make good and timely business decisions.
This isn’t a question of whether or not a business can afford to keep its finances in
good order – it simply can’t afford not to. In any case, using the services of an
external bookkeeper need not be expensive.
Bookkeepers are perfectly placed to understand the challenges and pressures
unique to small businesses, as many are business owners themselves. They
understand the importance of taking away uncertainty and risk, and being a reliable
partner to small businesses.
There are many benefits of hiring a bookkeeper including:
Enjoy the reassurance of knowing your business finances are on track and
being closely monitored, allowing you to spend more time on other areas of
Get additional support to keep your cash flow up to date and be made aware
as soon as any issues arise.
Bookkeepers are excellent value for money.
All UK IAB members who provide services to firms are listed on the IAB
website. Visit: https://www.iab.org.uk/find-bookkeeper/.
The IAB will be exhibiting at The Business Show and will be on stand 1444, so if you
attend come by and see us.
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Phone: 01732 897750
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