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What’s the difference between accounting and bookkeeping?

Reckon

Much like those people who don’t understand the difference between Aussie rules, league and association football and call them all footy, a number of small business owners use the terms accounting and bookkeeping interchangeably. An easy start is to say that an accountant can be a bookkeeper but a bookkeeper isn’t an accountant.

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Business Advisory in a Post-COVID Environment: An Interview with Michael Burke

PANALITIX

We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. Burke Raftery is a ‘virtual finance department’ for many clients which can include bookkeeping, compliance, budgeting, planning and strategy. Here are some excerpts. Michael’s Background. Michael explains.

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Do you use Xero reports? Some of the old report formats are being retired – will this affect you?

Menzies

Menzies LLP - A leading chartered accountancy firm. If you use Xero for your bookkeeping and accounts, you may have noticed at the top of the report pages a note stating that “It’s time to change to the new version of this report”.

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Managing Growth in the Not for Profit Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. To supplement the resources of the organisation our outsource team have taken over the back-office and administration for not for profit entities, including general accounting, Gift Aid compliance and payment of suppliers.

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The benefits of outsourcing to manufacturing businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. For example, manufacturing businesses can vary from a monthly review of their data to managing the complete bookkeeping and management accounts function.

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Can E-invoicing help small business David’s in their ongoing battle against industrial Goliaths?

Menzies

Menzies LLP - A leading chartered accountancy firm. The UK’s “David”s (representing our SMEs) fight a constant and punishing battle against the big-business Goliaths, who seemingly make up their own rules when it comes to payment terms and settling trading debts. for 2021/22.

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Top 3 risks of not having a financial manual in your business

Menzies

Menzies LLP - A leading chartered accountancy firm. Who is eligible, policy limitations, raising claims, paying expenses) Bookkeeping (e.g Bank reconciliation, balance sheet checks) Accounting/reporting (e.g Who is eligible, policy limitations, raising claims, paying expenses) Bookkeeping (e.g