Sadly the public are often unaware of the differences between accountants and bookkeepers. Beyond this they are unaware that accountants may or may not be qualified and members of one or more of a myriad of professional bodies, explains Mark Lee.
But let’s focus on the bookkeeping side of things for now. It’s a branch of accountancy and one that, in my day, you certainly had to master as part of your accountancy training. I hope that’s still the case!
There has always been scope for those who enjoy bookkeeping to focus exclusively on this area of activity. And that includes those who have not undertaken full-scale training in accountancy. There are independent bookkeepers, those who are employed by accountancy firms and those who work within larger more entrepreneurial bookkeeping practices.
When a client’s bookkeeping is in a mess some accountants will simply...