The job of an Adelaide Bookkeepers is peculiar and unique. A bookkeeper’s task is one which cannot be carried out by any other field of profession, especially an accountant.
Most people tend to correlate the job of a bookkeeper and that of an accountant. But, an accountant’s task is different from that of a bookkeeper. Accountants are experts when it comes to tax liability and provision of greater insight level for your business. Whereas, Adelaide bookkeepers manage the general ledger of your accounts every day, week, or month.
Here are the four reasons why your accountant cannot do a bookkeeper’s job
- They have more understanding of the bookkeeping job: Most of the times, a lot of people tend to meet with their accountant during taxation period. And this results in their accountants going through their records only once in a year. That does not render the potential insight to follow up your business and to know what’s happening on a day to day basis. Even during the tax period, your accountant isn’t going to be the one to handle all your accounts. This should be done by Adelaide bookkeepers.
- Their focus is not on minor things: An Adelaide Bookkeeper will ensure that every penny of all your account is being recorded. This isn’t the same with an accountant. A bookkeeper is primarily concerned with the whereabouts of the money in your account. The accountant’s job is just to get an end summary of the business to know the liability of your tax. They only do this in other to see where changes can be made for liability maximization. And they don’t care how your money is scattered in different places. But you need this information in your business to know where your money is going.
- They are more expensive: Accountants are very expensive, and you pay them quite well when your taxes are being done by them. And this will be way more expensive when you want them to check your books every day, week or month. Hiring Adelaide Bookkeepers is less expensive. And this will give you so much more than what an accountant will provide you with.
- Accountants handle only yearly records: Accountants do not deal with the daily record of your business. Accountants handle the monthly or yearly records of your business to evaluate your tax. Now, daily management of the business books is the sole duty of a bookkeeper, as you will definitely need the daily record of your business.
The importance of your accountant when it comes to your tax liabilities cannot be ignored. They are essential in every organization. But giving them a bookkeeper’s job is a Herculean task that should not be given to them.