1. Home
  2. /
  3. Tax & Accounting
  4. /
  5. Accountants for Business: When...

Accountants for Business: When Should You Hire an Accountant

Jun 25, 2023 | UK Accounting, Tax & Accounting

Do you want to finally take control of the financial future of your business and achieve peace of mind? Hiring accountants for business could be the answer. Keep reading to know what situation you might need an accountant.

Accountants for Business: When to Hire One?

Running a small business can be exciting but overwhelming. As your business grows, financial responsibilities increase, leading to stress and worry.

But what if there was a way to take the weight off your shoulders and finally achieve peace of mind regarding your finances? That’s where hiring an accountant comes in.

An accountant can provide expert advice, help you manage your finances, and free up your time so you can focus on growing your business.

In this blog post, we’ll focus on knowing when to hire accountants for business. So, if you’re ready to take the next step toward financial freedom, let’s get started!

Bookkeeping vs Accounting

Bookkeeping and accounting can be similar, but they have different roles for your business which are both crucial.

Bookkeeping involves recording and organising financial transactions, like sales, expenses, and payroll and maintaining them in a ledger. It also includes bank reconciliation tasks and financial statement preparation.

Accounting, on the other hand, helps you understand the story behind the numbers and use that information to make smarter financial decisions by analysing and interpreting the data collected by bookkeeping.

It can include generating reports, like financial ratios, trend analysis, and budgeting, that provide a bigger picture of your business’s financial health.

When is it Time to Hire an Accountant?

No definite answer can apply to everyone since it depends on your business’s needs. But let us dive a bit deeper. Here are a few signs that it might be time to hire accountants for business:

You’re spending too much time on bookkeeping

While bookkeeping is essential for managing your business’s finances, it shouldn’t consume all your time and energy. Remember, you still need to focus other on other aspects of your business, such as marketing or product development.

You’re facing complex financial challenges

As your business grows, the chance of becoming entangled in complicated financial transactions is higher. This may require you to think deeply about your bookkeeping and the accounting side of your business.

Hiring accountants can help you navigate these challenges and provide you with valuable financial expertise, including tax planning, financial forecasting, budgeting, and other high-level financial analysis tasks.

You are not sure about your business decisions

Knowing whether you are headed in the right direction whenever you make business decisions can be challenging, especially if it entails financial consequences. You must have a solid basis for your confidence.

An experienced accountant can provide timely and relevant financial analytics and insights to help you make data-driven decisions. They do this by analysing your financial statements, identifying trends, and providing recommendations based on your financial data.

For instance, they can help you choose which ones among multiple investment opportunities will most likely provide the best return on investment under limited resources. This is just one of many things accountants can do for your business.

You want peace of mind

Running a business can be stressful, and managing your finances can add to that stress. As a business owner, you want to focus on smoothly managing your operations and achieving your goals, not worrying about the financial aspects of your business.

Hiring an experienced accountant can provide you with peace of mind by taking the burden of financial management off your shoulder and ensuring the accuracy of the financial reports since they have the knowledge and expertise.

Accounting and Bookkeeping Services for Small Businesses

Choosing an accounting and bookkeeping service for your business can be crucial for success. Consider what services you need. These options are a great place to start:

Makesworth Accountants

From bookkeeping, tax planning, and business advice, they got you covered. They also have a team of specialists who can help with things like VAT and payroll.

SJPR Accountants

This firm offers accounting, tax planning, and business advisory services, especially for small businesses. They can help with things like cash flow management and forecasting.

Pearl Chartered Accountants

They specialise in helping small businesses and freelancers with their accounting needs. They do the bookkeeping, tax planning, and business advice for business.


They offer an online accounting service specifically for small businesses. You can upload your invoices and receipts, and their team of accountants will take care of the rest.

Sterlinx Global

They provide professional services to businesses, including accounting, bookkeeping, payroll, tax planning, and consulting. Sterlinx Global are experts in e-commerce business accounting but also offers services to all businesses regardless of company size or style.

Their team of experienced accountants for business has a deep understanding of UK accounting standards. The firm can provide tailored advice and guidance to help your business grow and achieve financial success.

Frequently Asked Questions

  • Can I do my own bookkeeping and accounting for my small business?

    Yes, but it can take most of your time and may not be as accurate as hiring a professional. To decide, you can compare the cost of your time and potential mistakes versus the cost of hiring accountants for business.

  • Can I hire an accounting or bookkeeping service on a part-time or as-needed basis? 

    Yes, many accounting and bookkeeping service providers offer flexible arrangements, such as part-time or as-needed services, to fit your business’s needs and budget.

  • How much does hiring an accountant or bookkeeper for a small business cost?

    The cost can vary depending on the size of your business, the complexity of your financial transactions, and the services you need. It’s best to get a customised quote from an accounting or bookkeeping service provider.


While you may be able to handle bookkeeping independently in the early stages, it’s a good idea to hire a professional as your business grows. An accountant can provide valuable insights into your business’s financial health. 

We have numerous accountants for business depending on your business type and needs. Consult us at Sterlinx Global.

Related posts:

7 Must-Know Helpful Commercial Accounting Tips Before Starting a Business

VAT in the UK: When to preferably talk to Professional Accountant or Tax Adviser

Accountants for Construction: 10 Important Facts

Hire Us for Accounting?

Why not save time and hire us to do your books in the UK or globally?

Share This