Accountancy takes the information from the bookkeeping and analyses it, interpreting it and providing advice and guidance on decision making to business owners. Additionally, your accountant can help ensure your compliance through the preparation and submission of year-end accounts to HMRC.
The role of the accountant differs from the bookkeeper in that they are there to interpret the data, to provide understanding and detail whereas the bookkeeping process is about presenting the information as it is, with no comment.
Your business is likely to need input from both a bookkeeper and an accountant at some point, though maybe not both at the same time. Working with a firm like Gascoynes, where we offer both services means that we can quickly bring someone on board should you need a little extra advice or if your own bookkeeping becomes too onerous for you.