What's the Difference Between a Financial Planner and Accountant 

Most of the people face trouble to hire between a Financial Planner and Accountant that all depend on the circumstances like what you need - an accountant or Financial Planner. Both accountant and financial Planner are professional that works to manage heavy doses of Numbers and Math. An accountant needs to manage audit work, the financial task to put together the financial statement whereas and financial planner support to make wealth management and retirement Plans. You can consider hiring an accountant when you own your business. When you plan to leave an inheritance for your children and own rental properties.

An accountant can support you to manage different issues like reviewing your tax situation and helping to structure your finances. There are also situations where using an accountant can help you save money. If you own a large business, you should hire an accountant who can give you an understanding of laws surrounding your bookkeeping and taxes. If you are going through complicated tax situations or own your own business or several large investments, then you should consider hiring a certified accountant who can manage all tasks.

A financial planner can give you budgeting advice, getting out of debt, or sorting of all your planning regarding your money. Hiring a financial planner can help you in two different approaches. One way to hire a financial planner is by paying them a flat fee to help you develop a financial plan so you can build wealth.

An adviser that serves solely in your best interest, not to line their own pockets, is said to be acting as a fiduciary. A financial planner can help you to create a budget, invest, plan for retirement, insurance plus estate planning. If you own a business then you should hire an accountant or financial planner to keep things on track financially.