For most people, the only time they have any interaction with an accountant is when they have to do their taxes, but for some people best accountants Manchester do more than handle taxes. Accounting involves recording, summarizing, analyzing and reporting financial transactions for individuals and businesses. Based on this information, accountants can produce financial statements that can describe the financial position of an individual or business over a particular period of time. Accountants are important because they help both individuals and businesses make important financial decisions from buying a house to purchasing equipment to expand a business.

Basic accounting functions can be performed by a bookkeeper who can keep a record of day-to-day transactions and financial standings such as income, expenses, assets, liabilities and equity which can be recorded in a general ledger. Most bookkeeping positions only require a high school diploma with some college courses in accounting and/or business finance, but it is good to seek a bookkeeping certification or a college degree in accounting for career advancement. Advanced accounting is handled by a person who has a college degree in accounting, business administration or finance and has passed an exam to be designated as a Certified Public Accountant (CPA). A CPA will write reports based on the information a bookkeeper provides them such as balance sheets, income statements and cash flow statements. A CPA will also provide tax advice and services, retirement planning, auditing and asset management services.

The town of Wigan is home to many accountants who can provide the full scope of accounting services from bookkeeping to chartered accountant services. A chartered accountant is the equivalent to a CPA in the US and can perform many of the same functions as a CPA.  Top accountants Manchester has dozens of accounting firms that a person or business can choose from to help them with any accounting needs they may have.