At what point does a book-keeper become an accountant?

I have a client (a brilliant one, I must say - a really lovely guy, a model client in fact!) who I go to on a weekly basis to keep his Xero file up-to-date - the company is turning over around £250k at the moment, but has big growth plans.

The story is that he (the MD) had a book-keeper before who left the records in a total state - they had done them on an Excel spreadsheet and nothing married up at all - so eventually I decided to start from scratch and recreate the records on Xero.

The client is really happy, loves Xero, and for the hours I'm there I charge him my book-keeping rate of £25 per hour.

However, I now seem to have moved a bit further forward - in a nutshell, I now also have become a signatory on his bank account, in fact am 'in charge' of his bank account completely - the client even askes ME if he can spend money (!), have now become involved in meetings with the bank, with the major shareholder also, regularly draft management accounts and discuss with the client, have done budgeting, cash flows, annual returns, the list goes on... all in my £25 an hour time slot with him!

I'm not sure yet if I'm going to be producing the accounts for him but, if not, is he getting a bit of a bargain and am I going way beyond the call of duty?!

I would be interested in everyone's thoughts...

Comments
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Depends on your other business

twj4789 |

What do you want from each other?

ShirleyM |
ShirleyM's picture

£25 per hour x 40 hours per

young ronaldo |

Out of the box thought....

mn2taxhbj |

@mn2taxhbj

jaybee661 |
jaybee661's picture

Classic 'service' issue

TaxTeddy |
TaxTeddy's picture

Several points

Moonbeam |
Moonbeam's picture

Proceed with caution

Michelle Aldridge |

Bookkeeper

Bob Harper |
Bob Harper's picture

Difference

andy.partridge |
andy.partridge's picture

@Bob Harper

jaybee661 |
jaybee661's picture

£25 an hour

Bob Harper |
Bob Harper's picture

@Bob Harper

jaybee661 |
jaybee661's picture

I would say that you need to

nigelrmorris |

Charmaine, You need to ...

David Winch |
David Winch's picture

Hmmmmmm..............

Cuchulainn |
Cuchulainn's picture

When does a Book-keeper become an Accountant ?

Alistair Hindmarsh |

Company Accountant??

Anthony.Evans82 |
Anthony.Evans82's picture

So what did you do?

dbowleracca |
dbowleracca's picture