Yes, Bookkeepers and accountants play integral roles in managing your financial affairs, each handling distinct stages of the process. Think of bookkeepers as managing the initial phase, while accountants oversee the subsequent steps. Unlike accountants, bookkeepers don't necessarily need formal education in business or accounting.

Bookkeepers primarily focus on processing business transactions, encompassing tasks such as data entry for bills and invoices, bank account reconciliation, payroll processing (excluding HR advice), and reconciling accounts payable/accounts receivable. Additionally, proficient bookkeepers offer valuable management reports to business owners and managers, providing insights into the overall business performance.

On the other hand, accountants build upon the foundation laid by bookkeepers, taking it to a more advanced level. Their services may include reviewing the accuracy of bookkeeping work, applying taxation knowledge to ensure compliance with tax laws, generating year-end financial statements and tax returns, offering advice on tax minimization, and providing a diverse array of business guidance.

It's important to note that accountants typically possess a university degree, and they are required to meet annual training standards while being monitored by professional standards boards. Together, bookkeepers and accountants contribute to a comprehensive financial management strategy for businesses.

Based in Sri Lanka, Aztonic Global (Pvt) Ltd operates its headquarters with a commitment to the highest standards of security. Our dedicated team members undergo thorough training within a highly secure environment, ensuring the protection of client data. The security measures include encrypted storage of client information, with employees subject to stringent security clearances and intensive training before engaging with client data.

Our software access is fortified through a single-sign-on authentication process, enhancing security by allowing staff to securely access programs while maintaining tracked and authenticated usage, complete with a comprehensive audit trail. As an additional layer of security, any data accessed by our team is restricted to be retrievable only from within our secure team environment, further safeguarding the confidentiality and integrity of the information we handle.

At Aztonic, all our bookkeepers are also qualified accountants, ensuring a dual expertise in financial management. Every month, a senior accountant conducts a thorough review of your files. This practice introduces a fresh perspective to your books, guaranteeing the precision of your data and the accuracy of the monthly reports we diligently provide to you.