By stating the obvious, if you need bookkeeping services, you are usually better off getting a bookkeeper to do it.
Yes, your accountant is most likely able to do the bookkeeping, but this will cost you much more as accountants' rates are higher than bookkeepers'. While both roles are related to managing a company's financial affairs, they have different responsibilities and perform different functions.
Accountants typically analyse financial data, create financial statements, and provide advice and recommendations to help you make informed business decisions. They often work on a higher level than bookkeepers, providing strategic advice and helping with tax planning, budgeting and forecasting.
On the other hand, bookkeepers are responsible for recording, organizing, and tracking financial transactions on a day-to-day basis. They ensure that financial data is accurate, up-to-date, and organized, and they prepare reports and summaries that can be used by accountants and management.
In other words, while accountants are focused on the big picture, bookkeepers are focused on the details. Without a bookkeeper, it can be difficult for an accountant to do their job effectively. They may spend too much time sorting through financial data or trying to reconcile accounts, which can be costly and time-consuming.
In summary, both roles are important, and having both an accountant and a bookkeeper can provide you with a more complete financial picture and help you make informed decisions about your business. If you are interested in online bookkeeping services, Vookeeper can provide you with your own dedicated online bookkeeper.
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