Need help online accountant

[ross satchell]

Hi can some one tell me if a online accountant like QuickBooks replace a normal accountant

 

[ethical PR]

Quickbooks is a piece of software not an accountant.

 

[Scalloway]

If entries are done properly then it will save your accountant time in preparing your accounts which should reduce their fees.

 

[Mr D]

Hi can some one tell me if a online accountant like QuickBooks replace a normal accountant

Talk to your accountant, find out what format they prefer the data in.
QuickBooks is a software package for you to record your sales, expenses etc. It provides figures used by you and your accountant. Depending on the package it can be used to file VAT returns yourself.

It isn't an accountant and won't replace an accountant. Think of it as a different way to record transactions.

 

[ross satchell]

How much does an accountant cost

 

[Mr D]

How much does an accountant cost

How much do you want to spend and how much work are you requiring them to do?

Have seen from £150 to over 2 grand given by people as how much they pay.

 

[youngtrepreneur]

Apologies to the OP going off at a tangent here, but I have a question on a related topic.

This raises a few good points:
https://www.firmofthefuture.com/content/accountants-stop-offering-bookkeeping-services/?amp=1

I currently work in an accounting firm (with quickbooks incidentally), but I'm considering starting my own bookkeeping business specialising more in the finer details of financial management (ref points made on site above) than the overarching concepts offered by general accounting firms: bank reconciliations, data entry, VAT returns, credit control, etc.

Do you think this would be something that would be of interest to business owners?

 

[Ashley_Price]

How much does an accountant cost

How long is a piece of string?

It very much depends on what your business is, and how much you need your accountant to do.

With my current business, I have a bookkeeper, but I also have an accountant to complete and submit my Tax Return each year, so I just have a one off fee of about £300 - but that does include any advice he gives me throughout the year.

 

[Russ Michaels]

Quickbooks would be a good solution for you to maintain your records.
If you have absolutely no idea what you are doing, then I suggest you speak to a good bookkeeper who can teach you how to use quickbooks and tell you what they need from you to do your returns.
My wife is an bookkeeper and she is constantly telling me of the complete mess people make when trying to do it all themselves, and it ends up taking 10 x as much work to sort it out.
Beware though, there are a lot of cowboy bookkeepers and accountants out there who make a complete mess of your accounts. A lot of my wife's clients are people who come to her to clean up the mess made by others.

 

[Highland Spring]

An accountant is a professional with many years of training and experience, you can't just automate that with a piece of low cost software. Accounting requires a combination of skills, lower level ones for data entry then higher skills to turn imcomplete records into Accounts.