Services provided by an accountant Sutton
Posted by GeorgeVelvet on August 21st, 2015
The Merriam Webster Dictionary defines a bookkeeper as ‘a person who records the accounts or transactions of a business”. An accountant on the other hand is responsible for a company’s financial statements and often also doubles as a financial adviser so that the business handles its money wisely. Depending on the size of the business you may need to hire one or both. If you are a small company starting out, bookkeeping services may be beneficial to you for day-to-day accounting purposes. An established business or a multinational company often requires both or hires an accounting firm to handle all financial matters. Whether you require accountant Sutton or bookkeeper Beckenham you should know the services provided by the accounting firm or agency so that you know what to expect.
If you are striving to create a brand value and brand name for your business you are probably juggling between multiple roles such as strategizing business policies, planning advertising and marketing, identifying potential clients, managing finances etc. Engaging an accounting firm can prove to be advantageous in the long run because you can entrust them with financial matters and concentrate on diversifying your business. Small businesses consider bookkeeper Beckenham for maintaining financial records because they are more affordable. The services include payroll, billing, taxes, general ledger entries, maintaining accounts payable and receivable, trial balances etc. They can also draw up a financial statement of a company but an accountant Sutton or even a certified CPA has to review it and only then can it be presented to the clients.
For more complex accounting requirements including auditing and tax returns, a business will benefit if it hires a competent accountant Sutton who has the expertise and the experience to handle the matters. An accounting firm employs both junior level and higher level accountants, and based on your requirements and company profile you can use their services. In this digital age, the firms often help you set up auditing information systems and computer accounting systems within your company for better money management. If your assets are depreciating the accountant can monitor and manage the situation. They are also responsible for drawing up the annual budget and balance sheet of a company. Accountants and bookkeeper Beckenham who are efficient and trustworthy can take considerable workload off you and you should therefore be careful about employing the right resources.
Appointing a full time accountant Sutton or a bookkeeper Beckenham can often prove to be expensive. On the other hand, engaging an accounting firm as and when required is a better business decision. Use the online resources to have firsthand information and review the accounting firm, and rely on your friends, colleagues or business partners who have worked with such a company and received satisfying results. Apart from the regular financial services, auditing and taxation, you can also consult an accountant for financial strategies, risk management, ways to reduce tax burden, gainful investments and other important financial matters. They can use their experience and their training to steer your business towards a sunny path to success.
The services offered by an accountant Sutton include auditing, filing taxes, budgeting and preparing financial statement. Employ a bookkeeper Beckenham for maintaining day-to-day financial records.