Bookkeepers vs. Accountants: What the Difference Means for Your BusinessBookkeepers and accountants are both important financial professionals, but they have different roles.
Bookkeepers are responsible for recording and maintaining a business's financial transactions. This includes tasks such as:- Recording income and expenses
- Preparing financial statements
- Managing accounts receivable and accounts payable
- Reconciling bank accounts
- Payroll processing
Accountants are responsible for analyzing and interpreting a business's financial data. This includes tasks such as:
- Preparing and filing taxes
- Advising on financial planning and strategy
- Performing audits
- Conducting financial research
- As a bookkeeper, my job is to make sure that your financial records are accurate and up-to-date. I will also help you to understand your financial statements so that you can make informed business decisions.
I do not file taxes. This is the job of an accountant. However, I will work closely with your accountant to make sure that all of the necessary information is ready for them when it's time to file your taxes.
In other words, I am the essential first step in your business's financial health. I will make sure that your finances are in order so that you can focus on running your business.