Accountants and Bookkeepers have different roles.
We work with many accountants and have a lovely firm we recommend in Dunstable called Spicer and Co.
Why would I need an accountant as well as a bookkeeper?
We will send the year end off to your accountants happily at the year end, so that they can work their magic with depreciation and corporation tax computations. The accountants have specialised software to file company tax returns and they can offer high level planning advice.
What is the advantage of having a bookkeeper?
Dealing with an accountant can often be a bit more formal. It is not common to need their help every day, so they can refer clients to a bookkeeper to help with more regular tasks. For example when our clients need to Whatsapp us with notes about sales invoices which need to be sent urgently, we can help them with this bookkeeping task.
Adding sales invoices to the books, sending out weekly statements to chase up payments from customers, these are bookkeeping tasks which are part of the hand-holding that bookkeepers provide and accountants don’t have time for.
We recently got a client whose accountant had been asking them to get a bookkeeper for months, as they have quite a high number of transactions which need to be coded to specific projects and this type of work is simply too expensive/time consuming for an accountancy team to handle.
We process their supplier and sales invoices every week and send a weekly list of creditors so they know how much to pay. This helps them manage the cashflow and it means that when the accountant are ready to file returns for them, everything is on the system correctly.
It may seem strange to need both a bookkeeper and an accountant, but the two roles are quite separate.
We are here to assist day to day or week to week. We enable you to get more hours working with your customers or training your staff rather than trawling through emails or chasing around for invoices. Having a good bookkeeping business helping you will feel like you have a back office team, without the stress of hiring a member of staff or providing office space as we work remotely.
