What is the difference between the accountabnt and the bookkeeper?
A bookkeeper is a person to keep your books in order. You give this person all invoices and payments and they enter necessary info into a book. Basically your bookkeeper keeps your books and other issues (like IR assessments, financial legal associations, etc.) is beyond this job. The crucial difference between the bookkeeper and the accountant is that the accountant also has the duty to track if your finances are within the framework of all necessary laws. Now that you know the major difference, let’s get down to the basics skills that both a bookkeeper and an accountant must have. Accounting is based on a simple fundamental concept: if one receives something, then another has to give. Due to this every transaction has debit and credit. The study of accounting is built on the Accounting Equation and Double Entry Book Keeping. The typical accounting equation is Assets = Liabilities + Equity The double entry aspect of bookkeeping is about the fundamental issue that the perfect balancing
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