Many people use the terms ‘accountant’ and ‘bookkeeper’ interchangeably, but in fact, they actually mean very different things. The two positions serve very different purposes, and they are better suited to different types of businesses as well. However, they both provide important financial services that can help keep your business running at its peak performance. Before hiring anyone, you will need to determine which type of professional your business needs.
What is a bookkeeper?
A bookkeeper is very involved in the day-to-day operations of your business. They are responsible for keeping a record of every financial transaction that occurs throughout the day. They also are responsible for filing invoices and processing your payroll. It is their responsibility to keep your account records completely balanced, and may be also be responsible for managing future budget documents as well. Bookkeepers work very closely with their business owners, and they generally need to have a knowledge of financial topics as well as an advanced diploma or associate’s degree.