(And How Are They Different from a Bookkeeper?)
Let’s clear something up — bookkeepers and accountants aren’t the same thing. They work together, but they do very different jobs.
So, what exactly does an accountant do? And when do you need one?
Let’s dive in.
What Is an Accountant?
An accountant is a qualified professional who helps you understand the big picture of your business finances. While a bookkeeper handles the day-to-day transactions, your accountant looks at the numbers from a higher level and helps you make informed decisions based on them.
Here’s what an accountant typically does:
- Prepares and lodges tax returns
- Gives advice on tax planning and deductions
- Helps with business structure and legal compliance
- Analyses your financial reports
- Offers guidance for growth, budgeting, or solving financial problems
They also make sure you’re not paying more tax than you need to (which we love).
How Is That Different From a Bookkeeper?
Here’s a simple way to think about it:
- Bookkeeper = keeps things tidy on a regular basis
- Accountant = steps in to analyse, interpret, and advise
You can absolutely have a business without an accountant — but if your finances are getting complex, or tax time gives you a headache, they’re worth their weight in gold.
Do I Need an Accountant?
If you’re:
- Running a growing business
- Unsure how to structure your business
- Dreading your annual tax return
- Looking for ways to reduce your tax bill
- Wanting to set long-term financial goals
…then yes, you’ll probably benefit from working with one.
Some small businesses only see their accountant once a year (at tax time), while others meet quarterly or even monthly depending on how much support they need.
TL;DR?
Accountants help you understand the story your numbers are telling — and help you plan your next steps with confidence. Think of them as your financial strategist, tax expert, and business advisor all rolled into one.
