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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

the business.

 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.

 

Company contact details – Include/omit as required

 URL: https://www.iab.org.uk/

 Email: mail@iab.org.uk

 Phone: 01732 897750

 

Please provide Social Media Accounts:

 Twitter: https://twitter.com/iabinfo

 Facebook: https://www.facebook.com/IABBookkeepers/

 Linkedin: https://www.linkedin.com/company/international-association-of-book-

keepers

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