The difference between an accountant and a Bookkeeper

Bookkeepers are generally more involved in the systems applied to the daily management of the business and accountants to take the information provided by the accountant for the production of year end accounts and tax returns.

According to the qualifications that are offered by the Institute of Certified Bookkeepers (ICB), accountants can perform everything from maintaining sales of accounts and records on purchases, all the way up to production of VAT returns and management accounts of the construction . Then I work the Accountant Accountants has produced during the fiscal year to develop strategies, and business consulting services to audit clients.

Bookkeeping and accounting are the fields for free, the two professions work hand in hand with each other so, if the auditor of this collaboration does a good job bad impede the important work of their associated accounts. The line between where work ends and accountants accounting job begins can be blurred, however, many accountants have the expertise to perform most tasks that the accountant is able to. Although both services are essential for a well run business, the services of an accountant are more approachable than an accountant.

Accountants are able to produce management accounts and cash flow forecasts for their clients that enable customers to have the financial transparency they need to make important decisions. The management accounts also show the customer the effects of a business decision on their finances on a regular basis, instead of only being able to see this in the end the year, when it might be too late to make changes.

It 's very important that an accountant Source carries out their role effectively and with the proper qualifications exepreince or you could face fines from HMRC and the accountancy bills higher, more hours because of inefficient accounting throughout the year....