While all of the business owners know the need of an accountant, they do not realise that the task of an account is very important to the business. The way of operation can vary from accountant to accountant but one thing is for sure, no non-core job can have an effect on your business like an accountant and the job of an accountant is way more than crunching numbers. Although, crunching numbers is what an accountant should do at first so that the business owner can take practical and financially beneficial decisions, based on the available data.
For an accountant to be the star employee, they must understand the business thoroughly. They should also be approachable and helpful and shouldn’t intimidate employees with big phrases and technical words. However, before any of these take place, there should be a solid foundation. Bookkeeping is this foundation in accountancy. Even if the accountant is expert in the most detailed financial analysis, nothing would be good with bad numbers. Now, here you have the option to keep the books by yourself or to ask the accounting firm you have hired to do it. If you want to do it by yourself, some accounting firms who specialise in payroll in Essex will actually teach you or your staffs to effectively maintain a ledger.