When running a business, it is important to understand the difference between bookkeepers and accountants. There are different credentials that accountants and bookkeepers have and a business owner must be able to determine when to use each one for different tasks.
When hiring a professional bookkeeper Kent or in locations across the UK, it is best to ensure they have either an associate’s degree or between two and four years experience. Bookkeepers must have enough knowledge of important topics relating to finance and figures have to be consistently accurate. More often than not, unless it is a firm, a bookkeeper’s work is double checked by an accountant or manager within the company.
To become an accountant, an individual must have at least a bachelor’s degree in accounting or finance. Accountants can cover general financial issues, or they can specialise in a specific subject such as tax or public accounting with additional certifications. There is more strategy when it comes to accounting, and being smart with the finances is their job to ensure the business is successful.
A business needs to use a bookkeeper for organising their financial records and balancing figures. An accountant is used for filing tax information accurately and coming up with smart financial strategies for success including improved revenue, investments and more. Some accounting firms will offer both services, whereas others have separate professionals for different tasks.