Module 5 . Money, Financing and Accounting
Accountant vs. Bookkeeper
Accountant vs. Bookkeeper Cont.

The Pros and Cons of Using An Accountant
The Pros | The Cons |
---|---|
Having a source of expertise on hand that knows your business intimately is beneficial as you grow your business | Accountants are an additional expense each month and you get what you pay for, the higher the fees the better the advice you are likely to get |
They can give you guidance on key tax information | |
They have a deep understanding of finance and business planning | |
Good accountants will save you more money each year than they will charge in fees so it is a great investment |
The Pros and Cons of Using A Bookkeeper
The Pros | The Cons |
---|---|
You have help organising the financial side of the business leaving you to concentrate on other elements. | They don’t have the same capabilities as an accountant, so somewhere down the line, you may also need an accountant’s help to fill the gaps. |
They will usually be cheaper than an accountant. | They are usually just interested in working on the books, whereas a broader admin person can do the bookkeeping as well as assist with other elements of the business such as marketing and operations. |
Ordinarily, they will have qualifications or experience that fill gaps in your knowledge. | |
They can help ensure you are compliant with HMRC requirements. | |
When you need financial reports or understanding, they can provide that straight away. |
Finding an Accountant/Bookkeeper

Checklist
Accounting Services

Accounting Services Cont.
