The role of Bookkeeper and Accountant can sometimes be confused as being the same thing.
A bookkeeper will oversee the day-to-day record keeping and maintain accurate business records.
An accountant will interpret the bookkeeping data and use it to advise you on financial decisions for your business.
A good bookkeeper can make your life and your accountants’ life easier and free up your valuable time to focus on growing your business.
Bookkeepers are not just data-entry experts but they can perform a range of tasks including;
- Prepare for year end
- Prepare VAT returns
- Keep on top of day-to-day cashflow
- Communicate with HMRC
- Purchase orders and invoicing
- Sales accounting and credit control
- Cash and banking admin
- Data processing
- Payroll
- Sole trader financial statements
A good bookkeeper will also be able to spots signs of difficulties, such as highlighting late payers or cash flow issues.