Believe it or not, there is a difference between a bookkeeper and an accountant. A bookkeeper is responsible for maintaining financial inforamtion and recording daily transactions. An accountant on the other hand is more responsible for generating reports and talking about financial issues such as cash flow. A bookkeeper will also look after the budget and the payroll of your company. An accountant on the other hand tends to work more with taxes and can even work in the forensics area of accounting as well.
- The main difference between bookkeeping and accounting is that bookkeepers record and maintain financial information while accountants analyze and summarize the bookkeeper’s work.
- A bookkeeper’s job includes recording transactions, budgeting, and looking after payroll.
- Accountants handle financial data a bit differently and can be used for taxes, public or forensic accounting, and financial accounting.
“The bottom line is both are needed to corral financial records and understand them.”