It’s pretty common to use these two terms interchangeably, but the reality is that bookkeepers and accountants actually do separate things—and you need both.
Common bookkeeping services include:
- Creating financial transaction databases
Managing and paying accounts
Checking reports for accuracy
Reporting data management irregularities
Reconciliation of accounts
On the other hand, an accountant works with data, reconciles it, and creates reports that explain events.
Common accounting services include:
- Managing balance sheets
- Reconciling trial balances
- Reviewing income statements
- Creating custom financial reports
- Providing audit support
- Coordinating with a tax CPA for tax planning