FAQs
What is the difference between bookkeeping and accounting?
Bookkeeping involves recording financial transactions, while accounting interprets that data to provide financial insights. Bookkeepers focus on accuracy and organisation, while accountants analyse information to make informed business decisions.
When is the tax deadline?
Tax deadlines vary depending on your business structure and location. It's essential to consult with a tax professional or refer to the relevant tax authority's website for accurate and up-to-date information.
Should I outsource my accounting and bookkeeping?
Outsourcing accounting and bookkeeping can save time, reduce costs, and improve accuracy.
It's a suitable option for businesses that lack in-house accounting expertise or want to focus on core competencies.