Mazuma vs The Accountancy Partnership
Which is best for my business?
If you’re looking for a reliable online accounting service in the UK, Mazuma and The Accountancy Partnership are two options you might ponder.
Though both companies are similar in what they offer, Mazuma is the better choice. (but of course, we would say that!)
With The Accountancy Partnership, you either have to do your own bookkeeping or pay a hefty fee for the luxury of having an accountant do it for you.
With Mazuma, on the other hand, all your data entry and bookkeeping are included in your fixed monthly fee (which is much fairer, and more affordable for a range of budgets).
In this comparison, we’ll look at the similarities and differences between both accounting packages, helping you decide which service is best for you.
Let’s look at Mazuma and The Accountancy Partnership in more detail.
What is Mazuma?
Mazuma is an accounting service that provides a range of accounts management and bookkeeping packages to suit different budgets and requirements.
If you’re a small business or working professional, you can handpick the services provided by Mazuma and pay a fixed monthly fee for whatever you choose.
You’ll be assigned your own accountancy team, so you have a professional to turn to for advice. Your accountant will get to know your business over time and can tailor their service to suit your needs.
Mazuma provides bookkeeping, tax and VAT return, management accounts, payroll solutions, tax efficiency reports, and more. All this is offered within a rolling monthly package, and you don’t have to pay additional money for bookkeeping.
We complete your bookkeeping for you once a month using MazApp, our own proprietary software which lets you upload receipts, connect your bank account and receive your reports from your accountant.
You’re free to use other software is you wish too, but most of our clients prefer for us to do their bookkeeping for them.
The benefit of having an accountant do your bookkeeping instead of handling it all yourself is that you’ll know that it’s 100% correct – after all we’re the experts at this sort of thing!
What is The Accountancy Partnership?
Like Mazuma, The Accountancy Partnership offers a range of services at a fixed monthly fee. However, your payment does not include an accountant to do your bookkeeping for you.
Instead, you’ll do all your bookkeeping yourself, on software called Pandle Pro. According to The Accountancy Partnership, this software is easy to use and streamlines every process. However, you’ll still need to use it yourself, unless you’d rather an accountant do your bookkeeping on your behalf, which costs significantly more money.
Like Mazuma, The Accountancy Partnership is suitable for freelancers, sole traders and limited companies, but business owners will need to be aware that they’re not paying for a full accounting solution – they’ll need to put in their own work.
Mazuma vs The Accountancy Partnership: The differences
At first glance, it seems like The Accountancy Partnership offers very similar services to Mazuma. However, the key difference between the two is that Mazuma completes your accounts and bookkeeping for you, and this is what gives Mazuma the edge.
With Mazuma, you don’t have to do any of the legwork yourself. If you’re looking for an accounting service that will handle everything for you, Mazuma is the one.
With The Accountancy Partnership, on the other hand, it’s assumed that you will do your own bookkeeping using the company’s tool, which is provided as part of the monthly payment. The Accountancy Partnership’s accountants will occasionally review your bookkeeping records but won’t get any more involved. If you don’t want to do your own bookkeeping, you’ll need to pay much higher fees for an accountant to do it for you.
We think there are huge benefits to having an accountant undertake your bookkeeping instead of tackling it yourself – an accountant has trained for years to make sure that everything is right. You’re the expert at running your business, so you should be getting on with that and not faffing around with data entry!
When should you choose Mazuma, and when should you choose The Accountancy Partnership?
The Accountancy Partnership
The Accountancy Partnership is an option to consider if you don’t actually want to outsource your bookkeeping.
Should you want to handle your bookkeeping yourself, you could opt for The Accountancy Partnership. Though, of course, you could achieve the same outcome with a free bookkeeping tool, or simply choose Mazuma, which doesn’t charge very high additional fees for professional bookkeeping.
Mazuma
If you’re looking for an all-in-one accounting solution that’s offered at a fair price, Mazuma is for you.
The biggest benefit of using Mazuma is that your accountancy will do it all for you, and you won’t be expected to pay for any basic elements of your accounting package that should be included as a given, like bookkeeping.
Reasons you will love Mazuma:
- Your accountancy team will handle all your data entry and bookkeeping responsibilities.
- You pay only for the services you need in a monthly package and won’t have to spend a silly amount of money if all you need are the basics.
- You don’t have to figure out how to use any accounting tools yourself.
The Verdict: Mazuma for the win!
Because you get all your accounting and bookkeeping included in Mazuma’s fair monthly cost, it’s clear that this platform offers the best accounting package. Mazuma is, in fact, the only UK accountancy service that will do all of the data entry and bookkeeping for you, making it the obvious best choice, regardless of the competition.