Business owners frequently ask whether they require a bookkeeper, an accountant, or both. The answer will depend on the size, complexity and stage of the business; however, in most cases, both roles add distinct and complementary value.
A bookkeeper is responsible for maintaining accurate day-to-day financial records. This includes processing transactions, issuing and reconciling invoices, managing payables and receivables, performing bank reconciliations, monitoring cash flow and ensuring that financial data is current and reliable.
Accurate bookkeeping underpins informed decision-making. When records are properly maintained, your accountant can focus on statutory compliance, tax obligations, financial reporting and strategic advisory services, rather than rectifying errors or reconstructing incomplete data.
When appointing a bookkeeper, it is advisable to confirm their qualifications, software capability and any specialist expertise. Some bookkeepers can provide training in cloud accounting systems, implement improved processes, and strengthen internal financial controls.
If you are reviewing your current bookkeeping arrangements or establishing new systems, we welcome the opportunity to assist you.
