When Does a Small Business Need a Bookkeeper or Accountant?

Bookkeeping and accounting are not the same task

Bookkeeping records transactions and keeps source documents organised. Accounting interprets those records, prepares financial information and can support decisions and statutory reporting. Tax work adds another specialist layer.

Start organised even before you hire someone

• Use a separate business bank account where appropriate.
• Keep invoices, receipts and contracts.
• Reconcile transactions regularly.
• Track money owed to and by the business.
• Keep payroll records if you employ staff.

When professional help becomes more important

Get help when tax registrations/returns become difficult, payroll starts, VAT applies, external funding requires credible financial information, annual financial statements are needed, or you no longer understand the numbers well enough to make decisions.

BXE role

The BXE CRM/business overview can organise customer, revenue and reminder information. It does not replace proper accounting records, SARS submissions or professional judgement.