DIY vs. Professional?

There is a variety of accounting software on the market. The main difference is whether bookkeeping is carried out by bookkeepers themselves – so-called do-it-yourself software (DIY) – or by bookkeeping professionals – accountants and tax advisors. It is up to accountants to decide which type of software they use. DIY software promises to automate accounting processes, although accountants usually lack the necessary expertise and pay with valuable working time instead of spending it on the company and its success. Professionals initially incur costs for their services, but these more than pay for themselves through expert support and tax minimisation. In both cases, it is essential that self-employed people and companies fulfil their accounting obligations to their tax office completely, truthfully and on time. Modern software should support this.