Bookkeeping as a profession
It is a legal requirement in the UK for a business to keep accurate up to date records regardless of size, and indeed failure to do so can result in fines and even imprisonment for serious offenders, therefore it is vitally important for all businesses to have someone suitably knowledgeable or qualified to deal with the bookkeeping and accounts, whether it is the owner of the business when it is relatively new or a qualified Bookkeeper or Accountant.
Although we constantly hear about household names and brands disappearing from our High Streets, the current statistics show that the new generation of businesses and enterprise is growing at quite a steady rate. With recession people always lose jobs and for some it becomes the ideal time to take the plunge and make the big step into Self Employment. Some of these new businesses will become Household names and major employers in the future.
With around 3 million Sole Proprietor businesses, 1.3 Million Limited Companies and 448,000 Partnerships and only an estimated 3,000 registered Bookkeepers in the UK this equates to 1582 potential clients for every Bookkeeper. It is clear to see that there are is a huge shortage of Qualified Bookkeepers in the UK, and at the current rate of business growth we may never fulfil the demand.
Detailed statistics can be found in this article published by the Federation of Small Business http://www.fsb.org.uk/stats
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oming_a_qualified_bookkeeper?gclid=CL_p96PNscACFRMatAodEkEAQQhttp://www.dreamstime.com/photos-images/bookkeeping.html
It is a legal requirement in the UK for a business to keep accurate up to date records regardless of size, and indeed failure to do so can result in fines and even imprisonment for serious offenders, therefore it is vitally important for all businesses to have someone suitably knowledgeable or qualified to deal with the bookkeeping and accounts, whether it is the owner of the business when it is relatively new or a qualified Bookkeeper or Accountant.
Although we constantly hear about household names and brands disappearing from our High Streets, the current statistics show that the new generation of businesses and enterprise is growing at quite a steady rate. With recession people always lose jobs and for some it becomes the ideal time to take the plunge and make the big step into Self Employment. Some of these new businesses will become Household names and major employers in the future.
With around 3 million Sole Proprietor businesses, 1.3 Million Limited Companies and 448,000 Partnerships and only an estimated 3,000 registered Bookkeepers in the UK this equates to 1582 potential clients for every Bookkeeper. It is clear to see that there are is a huge shortage of Qualified Bookkeepers in the UK, and at the current rate of business growth we may never fulfil the demand.
Detailed statistics can be found in this article published by the Federation of Small Business http://www.fsb.org.uk/stats
d
vantages_of_becoming_a_qualified_bookkeeper?gclid=CL_p96PNscACFRMatAodEkEAQQhttp://www.dreamstime.com/photos-images/bookkeeping.html
