Module 5 . Money, Financing and Accounting

Accountant vs. Bookkeeper
Accountant vs. Bookkeeper Cont.

The Pros and Cons of Using An Accountant

The ProsThe Cons
Having a source of expertise on hand that knows your business intimately is beneficial as you grow your businessAccountants 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 ProsThe 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

Finding an Accountant


Accounting Services

Accounting Services

Accounting Services Cont.

Accounting Services