One question we at Pebbles Bookkeeping seem to hear a lot from people unsure of the difference is – is accounting and bookkeeping are the same thing. The answer is yes and no.
The truth is there are a lot of things that can cross over, but both tend to do their best work when working together for a client due to their specific specialities. This is why an accountant will either have an in-house bookkeeper with their firm or will form a relationship with an external bookkeeper – such as one their client is already working with.
Accountants are very busy through various parts of the year with many clients – especially during tax season. This is where the taking to updating your books will take up valuable time best served to file every client’s tax returns.
When pushed for time, mistakes can happen which is why it is best to have bookkeeping services ready to take the task as their specialist focus for the client. A bookkeeper can focus all of their attention on ensuring a client’s numbers are up-to-date and accurate so that the accountant can file the tax return without worry, and that helps the client’s growth.
Outsourcing to bookkeeping services in Manchester, therefore, frees up the accountant’s time to solely focus on their area of expertise, safe in the knowledge that their clients will be in safe hands.
Key Outsourcing Benefits – accounting and bookkeeping
An accountant outsourcing the bookkeeping to a professional is not because they don’t care about keeping their client’s books up to date, it is a practical move so that they and their team can keep on top of the core area of their service to the clients instead of doing bookkeeping as an extra.
It also helps to save money for their client as time becomes very stretched towards the end of the year, and getting their staff to do bookkeeping on top would result in overtime hours you would be billed for. A bookkeeper can do that work in a smaller amount of time (as it is their sole focus) and they bill only for that time used – much better than hiring additional staff to focus solely on this matter.
As an added benefit, a bookkeeper provides a higher advisory level when it comes to your business financials, including helping you identify key areas where your business can save money, adding a lot of real value that you may miss out on with your accountant.
Contact the team at Pebbles Bookkeeping today to create a perfect partnership for your business’s financial health.