With more financial institutions becoming one stop shops, people use the term accountant and bookkeeper synonymously. But as we will dive into a little bit during this article, we at Hacker Accounting want to explain the difference between the two, so you can decide whether you need one or the other for your business.
- Bookkeepers are responsible for creating invoices in managing and completing payroll, while accountants are in charge of overseeing costs of operations, and completing income tax returns.
- Bookkeepers can balance subsidiaries and multiple accounts, while accountants assist the business owner in making better financial decisions and understanding the impact of them.
- Bookkeepers record debit and credit, while accountants prepare financial statements on behalf of the company.
Have further questions on whether you need an accountant or a bookkeeper? Give hacker accounting a call at 602-375-5251, or stop by our Phoenix office, located at 13201 N. 35th Ave., suite B3. We look forward to hearing from you!