Co-Founder & COO at Synder | Simplifying Accounting with Automation for Retail, eCommerce and Startups.
Bookkeepers and Accountants are not the same. Here's a simple breakdown Bookkeepers: - Maintain ledgers. - Spot fraud or errors. - Record transactions. - Ensure correct documentation. - Understand key financial topics. - Organized, communicative, and detail-oriented. Accountants: - Analyze financial records. - Review bookkeeper's financial records. - Report financial info to relevant parties. - Oversee bookkeeper's work for accuracy. - Need a bachelor’s degree or higher in accounting/finance. - Can earn certifications like the CPA, for better career opportunities. Bookkeepers find errors. Accountants solve them. Both are important. h/t Michael Astreiko
Thank you for sharing, Ilya!
I’m really conflicted about these posts. There definitely some truth, but I also feel you are playing up stereotypes that only serve to divide the industry. There are certainly things that CPAs or EAs do that bookkeepers don’t, like audits, compilations, and tax. But the idea that “Bookkeepers find problems. Accountants solve them.”?? I’d say “it depends” on the individual accounting professional.
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11moHow can you increase your expertise in both things?