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What does an accountant actually do?

What does an accountant actually do?
Thursday, February 07, 2019

Some people may think that all accountants do is just sit in a room with a green visor on, pouring over a stack of receipts. That couldn’t be further from the truth - we left the visors behind long ago (they weren’t doing anything for our image and it’s difficult to get that shade of green to match with anything else).

This article will explain just where an accountant will fit into your business, and what the benefits are of having one on-board.

Lay the foundations of good business practice

If you have an accountant from the very start of running your business, then we will help you embed the very best working practices into your business. We will show you how to keep your books up to date and what important things you should be keeping a track of that might be useful down the line. An example of this could be your business expenditure that can be claimed back as legitimate costs for tax purposes.

If you choose to get an accountant later on in your business’ life-cycle, then you might be missing out on money saving opportunities when it matters the most – in the formative years of your business.

Cash flow management

Accountants can help you get a good understanding of your cash inflows and outflows. We can then use this information to give you an idea of how quickly your business is growing and how you can prepare for the future. We can also warn you when you may find yourself short of cash a few weeks or months down the line because revenues are going down and/or costs are going up.

Not understand how cash moves through your business seriously detrimental to your company’s health. By having an accountant create a cashflow forecast, you will be able to see how much ready cash you’ll have in times of feast or famine.

Prepare and grow your business


When the time comes to expand your business, your accountant will be able to take you through each step. You will need to make sure that you have the funds to do so and you know why and on what you need to spend. We’ll help you create a cogent, credible business plan to secure funds if you need them. We’ll also help you manage your growth and keep an eye on your spending once you have acquired the finance.

Without the help of an accountant, your chances of growing your business through investment are much less certain.

Keep you in the taxman’s good books

Business owners who don’t do what HMRC wants them to do, whether intentionally or not, are always punished. You could be fined, penalised – and even worse. Accountants are very well versed in all aspects of taxation so, on our watch, we won’t let you fall foul of HMRC.

This benefit shouldn’t be underestimated. UK tax law is very complex – 17,500 pages at the last count.  Having someone on your side who knows the system inside out will save you time, money, and hassle in the long run.

Tax efficiency

Of course, accountants can also help you minimise your tax bill. We know every single way to make sure that you keep as much of your hard-earned cash as possible. Whether it’s by using the most up to date salary/dividend split for your earnings or claiming as many expenses as possible against your corporation tax, accountants will make your business more efficient with taxes.

You might be eligible for a tax relief that you hadn’t previously considered. You might not know exactly what you can claim for. You might be using an online bookkeeping system that isn’t working as well as it could be. These are all things that we can inform you of.

We can help

If you are looking for a reliable, established, professional accountant that can benefit your business, get in touch with our team. We love what we do and we’re certain you’ll see that in how we look after you. Please call 01235 768 561 or email

What our clients say

For us, there is nothing better than a happy customer. Here are just a few that let us know how much we mean to them.

Pete Dungey

Simple, efficient and most importantly, hassle-free.

We found Panthera via our search for a Xero expert. We knew the software we wanted to use, and needed a forward-thinking accountancy partner who could get us up and running, and teach us the ropes moving forward. Tory and her team have always been on hand to answer our questions, and help us to grow as a business, particularly during periods of big change, such as becoming VAT registered. They are always on hand to alleviate any concerns and help to keep our records in order, which makes our year-end accounts an absolute breeze! Being based in Bristol, our relationship is entirely email based, alongside one consolidation meeting at year end - this keeps things simple, efficient and most importantly, hassle-free.

Pete Dungey Kaleido Grafik Limited
Anita van Eijndhoven

Talk Our Language

The support and service we receive from Panthera Accounting is very good. Everything from regular meetings, a prompt e mail response and the transition of our Xero software (which we find very pro active indeed) has and is all remarkably efficient. We find Panthera talk our language and make any process as painless and easy as possible.

Anita van Eijndhoven Quidne-IT
Ash & Tim Lane

Panthera brush aside the stereotype of the typical accountant

We got in touch with Panthera Accounting by way of a recommendation; we haven't looked anywhere else since. They are an extremely professional yet relaxed group of people. We were slightly daunted by the idea of accountants but Panthera brushed aside y the stereotypes. They are very understanding when answering any questions we may have. They are completely efficient, offer sound business advice, and are fantastically priced. We will continue to recommend them.

Ash & Tim Lane Starveacre Fencing
Jayne Johnson

An Asset to my Business!

The whole team at Panthera are great! Working with them has been a huge support to my growing business. They help me to understand the numbers I need to know. They give me technology solutions like Xero so that I can process things quickly and have access to my own figures. They are quick to reply, highly knowledgeable, nothing is too much trouble and as well as making sure that everything is compliant and on time, they are enthusiastic, professional and fun to work with.

Jayne Johnson Better People
John Baker

Absolute joy - they provide a first class service on every level

Working with Tory and the team at Panthera is an absolute joy - they provide a first class service on every level; from simple Xero issues through to more complicated tax enquiries, they’re always on-hand to help me get it right. I’m certainly not their biggest customer, but I’m always made to feel like their most important one.

John Baker BKR Solutions
John Castle

Professional and Friendly

I would like to say that Panthera Accounting have helped me with my business accounts for more than 4 years now. They have consistently offered an excellent competitively priced service that works both professionally and in such a friendly way that I would highly recommend them to everyone considering using their services.

John Castle Ilexanna Limited & Birch Castle Homes Limited
Jonathan Morrison

They are always there to answer queries and sort out issues

I had been with Mr Dunn for 20 years when upon his death Panthera took over the business. They now play a bigger part in the running of my business, they do all the stuff that has to be done but I don't like doing ie book keeping, VAT, wages, and returns. They are always there to answer queries and sort out issues and make sure all Tax deadlines are met. Their costs are fair, service is great and I have and would highly recommend them.

Jonathan Morrison Wallingford Builders
Pippa Scott

Professional, friendly and personal service.

Panthera Accounting have gone above and beyond the call of duty to guide and support our Company. They offer a professional, friendly and personal service that can take the stressful and sometimes frightening feelings out of running a business. They have guided us through the working of Xero and have offered “teaching sessions” on the day to day running of the accountancy package. Our only regret is that we didn’t join their team earlier.

Pippa Scott Scott's Commercial Services Limited
Sara Southey

Panthera puts the personal back in to accountancy!

Tory and her team have provided a friendly, approachable and helpful service from the start. They have delivered a quality service, above and beyond anything I could have expected. Panthera, with the help of the Xero package, have taken the stress, strain and confusion out of managing my company and personal accounts. I look forward to working with them for many years to come.

Sara Southey Bluestones Garden Design
Tracey Miller

Panthera are fantastic.

Panthera are fantastic. Always professional, going the extra mile for their clients and delivering superb service. I recommend them all the time to my clients.

Tracey Miller Bigger, Brighter, Bolder BBB

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