A bookkeeper and an accountant have different jobs, and you will need to use both services if you want to succeed.

A bookkeeper takes care of tasks like recording financial transactions, including purchases, receipts, sales and payments or completes the payroll each cycle. Many small businesses use software such as Xero to stay on top of their business. We use Xero as a first option as we haven’t found anything else that allows us to give the same value to our clients.

An accountant is more concerned with your tax compliance as a result of the work a bookkeeper has done, and operates from a different perspective compared to a bookkeeper. Your accountant will use the information that we’ve provided for them, to make high level business advisory decisions and tax plan.

Many accountants will do both bookkeeping and tax compliance, but the costs to get your bookkeeping done by a tax accountant can often be prohibitive.