What is the difference between an Accountant & Bookkeeper?
Simply defined, a Bookkeepers practice involves the systematic recording of the transactions affecting the financial status of a business. Those offering this type of service are considered a bookkeeper. A bookkeeper may hold that title without benefit of any specific schooling or certification. Bookkeepers may become certified through a variety of association, but certified Bookkeepers can be hard to find. Accountants usually hold a Bachelors degree and in many cases a Masters Degree, or Ph.D. An accountant may wish to further certify him/herself by completing any variety of exams to prove his/her capability. An accountant’s time is best used in Record Management, Taxation, Analysis and Consulting in Financial Strategies of a business including procedures to lessen the risk of failure and fraud. It is wise to consult an accountant once you have your business plans in place and are ready to implement a record management system (bookkeeping system). An accountant can design, implement a
