What’s the difference between a bookkeeper and an accountant?
The most commonly asked question of bookkeepers is “What’s the difference between a bookkeeper and an accountant? The answer: bookkeeping is basically the process of inputting financial information into the “books”. This information can then be collated and reported to management, your accountant, shareholders, the ATO etc. In a nutshell: a bookkeeper handles the day-in-day-out financial record keeping and reporting of a business, while an accountant is concerned with the external reporting requirements and the overall financial direction of the business. An exceptional bookkeeper will not only keep the financial information accurate and up-to-date but also produce specific internal reports which can assist business management in running their business on a day to day basis. These reports are produced regularly and are focused on internal management & performance indicators. An experienced and qualified bookkeeper can provide reports which will allow management to make informed busines
