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Working with your accountant2019-05-06T01:39:12+00:00

Working with your accountant

Maximum Business Solutions will work closely with your accountant throughout the financial year to create a seamless relationship between external bookkeeping services and internal accounting.

Both the accountant’s (bigger picture) and bookkeeper’s (day-to-day) skills and accuracy contribute directly to a business’s financial health, which is why we develop great relationships with a business’s internal accountant.

How We Work With Your Accountant

  • Frequent communication keeps both sides up-to-date at all times
  • Timely reporting provides greater business insight to both parties
  • Responsive action

Come tax time, your accountant relies heavily on precise bookkeeping throughout the entire year from Maximum Business Solutions.

Many people do not know the difference between a bookkeeper and an accountant, and assume that as they are both directly involved in a business’s finance, that the terms can be interchanged. However, their roles do differ. The most common question around the bookkeeper-accounting conversation, then, is:

Do I need an accountant, a bookkeeper, or both?

Bookkeeping vs. Accounting

Many people presume these two titles are the same, and while the terms can be interchanged to a point, they vary due to the degree and frequency of tasks.

A bookkeeper generally manages day-to-day, week-to-week, and month-to-month recording, keeping accounts clean in order to make the accountant’s job easier. A bookkeeper, quite literally, “keeps the books”.

The accountant helps out with less routine tasks, prepares reporting, statements, tax returns, and other financial documents.

A successful relationship between a bookkeeper and accountant means long-term financial success for a business. Chat to Maximum Business Solutions today to find out how our bookkeeping services in Beaumaris can support and work with your accountant.