Bookkeeper vs Accountant ...

Bookkeeper vs Accountant ...

Bookkeeping is a vital service. But how does it differ from accounting? The two services are often compared, but actually they are complementary:

Bookkeepers do the day-to-day work and bring the accounts up to a high standard of detail and accuracy. They can also advise you on issues that might affect you in the near future, such as cash-flow problems or late invoice payment.

Accountants will look at the accounts that have been created, often on a quarterly basis. They will make any minor adjustments required. They will use the information in the accounts to file tax returns and other official reports. They will also provide high level business advisory services.

For your business to run smoothly, ideally you need both people. You'd hire a bookkeeper to look after the day-to-day work. And you'd hire an accountant to handle official reporting and high level business advice.

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