In this video Hamish Sheppard from Crunchers Alternative Accountants explain the difference.
I believe your accountant is the first team member any startup business should appoint. Only Alternative accountants will support you and influence what happens in your business.
There is no benefit reporting what happened in your business. If anything did not work it is too late to do anything about it. You need to plan for what can go wrong and reduce the risks of failure, even as a start-up. Knowing what can go wrong can be the difference whether you succeed or fail as a start-up business. Statistics indicate up to 90% of start up businesses fail. Learn how not to be a statistic.!!