What is Bookkeeping?

Do you know the difference between an Accountant and a Bookkeeper or do they both mean the same thing to you?

When I asked this question most people tell me that bookkeeping and accountancy are the same thing. Actually they are very different!

Bookkeeping is where your everyday income and expenditure is recorded on a regular basis by you or your appointed bookkeeper.

Accountancy is the preparation of your annual accounts which is then sent to HMRC and Companies House if you are a Limited company. This usually done once a year by your appointed accountant.

Every business should keep accurate and up-to-date books. This provides important information to the business owner as to how much is owed to the business by customers and how much the business owes to their suppliers.

A lot of people find preparing their accounts to be extremely time consuming and tedious.  I see it all too often when this task is put back to the bottom of the pile.

So, why not let me do your bookkeeping, allowing you to get on with running your business?

I provide a tailored off-site bookkeeping service to suit your needs. Every client is different and my aim is to work with you in a way you understand what your accounts mean.

It may be that you have a system in house that allows you to record receipts and payments and you simply need help with reconciling the bank statements. Or alternatively, you may have nothing and prefer to bring your records up to date once a week or month.

Any solution I offer will also take account of your resources and finances. Not all bookkeeping needs to be completed using expensive complicated accounting software. Generally I tend to use XERO for my clients which is an online accounting package that I have found to be easy for my customers to use too so that they can also see what is happening within their business and it also integrates well with other useful applications including excel and email.

To discuss your bookkeeping needs, please get in touch to see how we can help you simplify your business.

I look forward to hearing from you.

I offer bookkeeping services to Burwell, Bury St Edmunds, Cambridge, Newmarket, Soham, Ely,  Mildenhall and surrounding areas.

 

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