SERVICES OFFERED BY BOOKKEEPERS AND ACCOUNTANTS
There are many differences between the services offered by bookkeepers and accountants. But at the end of the day, both rolls are very important to the growth of the business. If you are a business owner and debating which one to hire, it’s important to understand that your accountant and bookkeeper work best together to serve the financial needs of your business. It’s a long list of possibilities each roll may help you with.
Here are just a few of the important tasks that your bookkeeper and accountant may perform for the business:
Recording financial transactions.
Posting debits and credits.
Processing invoices, receipts, payments, and other financial transactions.
Processing and maintaining your payroll system.
Maintaining and balancing subsidiaries, general ledgers, and historical accounts.
Reconciling accounts and preparing reconciliation reports.
Managing your accounts receivable and accounts payable.
Preparing and lodging your BAS.
Designing, establishing and reviewing accounting systems.
Preparing adjusting entries.
Preparing company financial statements.
Analyzing cots of operations.
Completing income tax returns.
Aiding the business owner in understanding the impact of financial decisions.
Taxation advice and planning.
Business establishment assistance.
Corporate reporting and compliance.
Superannuation fund advice.
By UNIKO Media Group