Related: How to Become a Chartered Accountant in Australia (with Tips)įind accountant jobs Key differences between a bookkeeper and an accountant They offer input into strategic planning, financial forecasting and decision-making processes that affect the company's financial health. Accountants perform tasks such as preparing financial statements, auditing, filing tax returns, planning company finances and advising on reducing costs and enhancing revenues. They give a higher level of strategic financial guidance than a bookkeeper. Related: How to Become a Bookkeeper in Australia (with Steps)įind bookkeeper jobs What is an accountant?Īn accountant is a certified financial expert who analyses, interprets and reports on the financial data the bookkeeper compiles. They also provide accurate, up-to-date financial information to other financial specialists, such as accountants. Their work forms the basis of the company's financial data and offers insights into its financial health. Bookkeepers might also handle payroll, make purchases, prepare invoices and track overdue accounts. They maintain complete records of financial affairs, including purchases and sales and log receipts and payments. To better understand the distinction, consider the following definition for each role: What is a bookkeeper?Ī bookkeeper accurately documents a business's financial transactions. Instead, they're two distinct careers with different responsibilities, skills, education and training requirements. There are differences in the roles of a bookkeeper vs an accountant, although people often think the two jobs are the same. ![]() Please note that none of the companies, institutions or organisations mentioned in this article are affiliated with Indeed. In this article, we explore the differences between a bookkeeper vs an accountant, provide definitions of both and discuss their duties, skills, work environment, working hours, training and education. Understanding the differences between a bookkeeper and an accountant can help you better determine which role fits your skill set and professional goals. If you aspire to have a career in this field, it's necessary to know what these jobs entail and the skills they involve. Sales is not a part of the job, other than the process of selling oneself and services to potential clients.In finance, bookkeepers and accountants have distinct duties. Internal accountants work for private companies and perform duties such as auditing, inventory accounting, and financial forecasting. Public accountants work for third-party firms auditing financial statements-a legal requirement for any publicly traded company. Both professions have above average job market outlooks, but accountants are generally paid a salary while much of a financial planners pay is commission based.Īn accountant records, summarizes, analyzes, and creates reports of financial transactions.Accountants are usually detail-oriented and good with numbers, while financial planners are better at sales and networking.Accountants do auditing work, financial forecasting, and putting together financial statements, while financial planners help individuals with wealth management and retirement planning. ![]() ![]()
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