Bookkeeping or Accounting: Which is Best?

Bookkeeper or accountant

Bookkeeper or accountant? As a small business owner, you may be confused over what services an accountant and outsourced bookkeeping services offer for your business financial security.

In truth, some services crossover between the two roles, but many aspects of their jobs play together for a better financial forecast for your business. Having both professional bodies helping to take responsibilities from you and provide the best possible support for your business is not uncommon for most small businesses today.

Natural Relationships

Whilst a lot of accountants offer bookkeeping as a part of their business, they also like to explore relationships with external bookkeeping services in Manchester. The best possible situation is having two dedicated professionals working on their specialist areas.

If you only use one professional to handle your accounts you will need a good understanding of your figures in your tax return and statutory accounts – because once you sign them over you are confirming them as being accurate.

This will require a lot of self-assurance that all expenses have been included and whether the VAT has been claimed correctly and in full. An accountancy firm can do bookkeeping but it is not necessarily their forte, meaning that any error that could be made may cost you. Having a dedicated bookkeeper upfront means that you have a professional who can spot any problems, as can an accountant – before submission and saving your potential problems.

Use for Both

Bookkeeper or accountant? This is why many small businesses choose to utilise both for their business so that they can work together and identify anything that can raise a problem throughout the year.

Bookkeepers are not just about the numbers either. Bookkeepers record income and expenses and ensure VAT deadlines are met, but on top of all of that they have a more personal interest in your business – and are approachable when you want to discuss ideas for growth and redirection for your company.

New business owners typically never have an accountant advise them on areas of improvement for their business, as it is typically all about the end of year figures in that relationship. With a bookkeeper, your records and financial matters in the business can be structured to provide accurate records for the accountant to submit easily.

Relationship

A bookkeeper relationship is also not something that is needed daily – it can be monthly or even every season just to catch up and get your books in order. It is also very handy for talks about what you want to map out for your company’s future. Having expert advice from a bookkeeper about what areas of your business can ease up on expenditure and putting an effective plan in place is paramount for small businesses.

Contact the team at Pebbles Bookkeeping today to build a perfect bond for your business financials.

What our clients say…

Diane has been providing her services to my company for approximately 6 months now and I can honestly say that due to her assistance, my company is running a lot more smoothly than it has at any time over the previous 30 years that it has existed.

I would just like to say that I would recommend her services to any business, whatever the size, as I can only see that her services would be beneficial to any company that may choose to employ her services.

Wayne Dinning, Managing Director, SD Waste Paper Limited

“In bringing Pebbles onboard, it has made me wonder why we decided to try and do our own bookkeeping at all. Pebbles came in and sorted 18 months worth of mess we had unwittingly created, and we cannot be more grateful. I wish I had been told about them years ago and I hope every business out there struggling would give them a call to fully see the benefits they are missing out on.”

Sarah Rekia, Site Welfare

Only The Brave have used Pebbles Bookkeeping for a few years now and we treat them instinctively like an integral department of our business.

I have worked with Sean for over two decades in my previous businesses and when Sean and Diane went on their own it was a no brainer to get them involved with our day to day accounting.

Pebbles manage our bookkeeping, expenses, credit control and PAYE and have a keen eye for detail and help us spot important financial matters before they become issues.

Their integrity and honesty are unquestionable and as a result, Pebbles are an asset to our business and will continue to work with us for many years to come.

Nick Aldrich, Only The Brave

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