Accountants Darlington: Why Small Businesses Need Accountants
Accountants in Darlington offer their services to a variety of businesses of all sizes and from all industries. While there’s no doubt that big businesses absolutely need accountants to help keep track of their many revenues of income and expenditure, it’s possible for some small businesses to get by without an accountant. But does that mean that they should actively aim to cope without an accountant or a bookkeeper? It’s a question that many start-ups and small business owners ask. So why might you need accountants or bookkeepers if you’re not running a big business? We talk you through the main reasons why they do.
What Do Accountants In the North East Do?
There are a number of preconceived notions that we all have when it comes to accountants in Darlington, North East or UK based. But, for the most part, we all know the basics: they help businesses with tax and in complying with financial rules and regulations. However, that’s just a small part of what an accountant can provide. They can also offer services that go beyond these basics. For example, if you’re launching a start-up, securing the services of an accountant is one of the best early investments you can make. You need to generate money, and convince lenders or investors that your business can make them money; and an experienced accountant can help you do just that. They’ll be able to provide credible revenue predictions, test your operating costs against potential revenue and advise you on the type of people or organisations you should be approaching to secure the required capital. For established small businesses, they can advise on your overall strategies and goals to either help your business recover from a down period or to help your business grow. Tax accountants like us can offer advice on outstanding issues – such as cash flow, unpaid invoices and debts – and offer solutions to these problems. Then there’s the matter of recommending the right software to keep your accounts in check, or making your payroll run smoothly. Accountants in North East provide these services and more to the benefit of businesses of all sizes – but particularly for small businesses.
The Difference Between Accountancy And Bookkeeping Services
When running a small business, there’s a lot to learn. As many small business owners need to adapt and learn about every aspect of business – as opposed to specialists who focus on one or two primary departments in larger businesses – it’s understandable that things can get a bit confusing. One of these issues that many find unclear is the difference between accountancy and bookkeeping. Both are inter-related, and it’s common to find accountants who are also bookkeepers; however, it’s important to understand the difference between the two. Primarily, a bookkeeper will focus on recording any and all financial transactions; whereas an accountant will interpret, analyse and summarise your business’ financial data. Essentially, accounting is all about finding answers and trends in your financial data, and bookkeeping is not. While both roles require knowledge in accountancy, accountants often act as advisers to bookkeepers, as well as reviewers of the bookkeepers’ work. As mentioned, accountants can perform all of these roles – but bookkeepers generally aren’t qualified to do this. However, with the right software in place, a bookkeeper can also provide reports to businesses, often by using software that automates the process and generates reports. However, to get the most out of these reports, it’s important to have an accountant analyse the resulting data. Additionally, the breadth of services that business accountants Darlington way offer – including bookkeeping services – makes them, rather than bookkeepers, the number one choice to keep on top of your finances, and to help you utilise your financial data to make sound business decisions.
Finding The Right Accountants North East Based
With the benefit of business accountants clear to see, it’s obvious why many small businesses depend on accountants to help them handle the complexities of their finances. But, as with anything in life, not all accountants offer the same services – nor the same quality of service. Therefore, finding the right accountants North East wide is crucial. You may want your accountant to be close to hand when you need them. Are they located near your offices? Will they be accessible when you need them? Do they have a ‘nothing is too much trouble’ approach to their work? Having someone who is readily available and committed to helping you with financial issues is something to look for in an accountant. It’s also important to establish that your potential accountant has the proper credentials and qualifications. Not only should they be accredited as a chartered accountant, but they should be qualified to advise on financial software that you use – such as Sage and Xero. And, lastly, you’ll want an accountant with the potential to offer more to your company than a barebones service. They should not only be able to offer bookkeeping, tax advice and financial analysis, but they should be able to help you expand your business, advise and train you and your staff in financial software and offer payroll advice. An example of such accountants North East England based is Teesdale Accounting (Darlington) Ltd. Professional, friendly and offering a wide array of accounting services, Teesdale Accounting (Darlington) Ltd offers everything you should expect from accountants Darlington and North East wide.
Teesdale Accounting (Darlington) Ltd Are The Top Accountants Darlington Wide
At Teesdale Accounting (Darlington) Ltd – professional accountants Darlington based and serving the North East – we believe in providing a ‘hands-on’ service without over-extending our welcome. That’s because we offer a bespoke accountancy services to businesses of all sizes, but particularly small business owners running partnerships, limited companies or operating as sole traders. We can offer a complete package of book-keeping, compliance, general accounting and personal tax advice Darlington way; or we can offer individual aspects of these services to suit your needs and budget. So whether you’re looking for tax advice or training on accountancy software such as Sage or Xero, simply fill in our online form and we’ll be in touch as soon as possible. Alternatively, ring us on 01325 355 145.
