Frequently asked questions

Do I have to use FreeAgent for my bookkeeping if I use CharlieLou Bookkeeping Ltd's services?

We are a FreeAgent partner, and we can offer deals in providing this software but if you prefer another package that is fine. We only ask that it be a cloud-based solution.

Can I do part of the bookkeeping myself and then use CharlieLou Bookkeeping Ltd for other areas?

Absolutely! For example, you may be happy completing your sales invoices and managing the bank account and then you want CharlieLou Bookkeeping Ltd to take care of your purchase invoices and VAT return. (Please see services/fees page for more details).

Can I use CharlieLou Bookkeeping Ltd as a consultant, training me to complete my own bookkeeping?

Yes, we offer full training in bookkeeping and using cloud software. (Please see services/fees page for more details).

Do you offer year end/statutory accounts and tax services?

Yes we do. Our main emphasis as a company is to provide day-to-day bookkeeping and management accounts services. We recognise, however, that for many if they are receiving these services from us then they would also like us to complete their year end statutory & tax requirements. We also provide these services for the very smallest of businesses that have minimal bookkeeping requirements throughout the year but just want help in completing and filing their tax return.

What is the difference between a bookkeeper and an accountant?

The lines are certainly more blurred these days with accountants providing bookkeeping services and some bookkeepers providing accounting services. The important difference is that bookkeeping is the maintaining of the day-to-day figures and accountants will take care of the year end statutory and taxation figures to be submitted to HM Revenue & Customs and/or Companies House. This is why good bookkeeping is so important. An accountant will not check every single transaction throughout the year and will also need to adjust any errors he does find. Accurate bookkeeping is the key to accurate year end accounts which will reduce the time needed to be spent by accountants - it could even reduce your tax bill! Accurate bookkeeping figures will allow business owners to make good planning and management decisions on a real time basis.

Can I use the bookkeeping and/or management accounts services of CharlieLou Bookkeeping Ltd and use a different firm of accountants for my year end accounts and tax work?

Yes you can. In fact it could even be to your advantage to do so if you are involved in a more niche industry as a specialist accountant may be able to give more specific guidance regarding applicable tax law.