![]() ![]() Accounting professionals must be able to work under pressure and be natural problem solvers. An accountant or accounting technician will analyse the information provided by a bookkeeper to generate financial statements and forecast future business needs. ![]() The role of an accountant, and that of an accounting technician, can be more varied, as they focus on the bigger financial picture and are qualified to perform a wider range of tasks. Technological advances are continuing to change the role of a bookkeeper, so it is an exciting time to enter an evolving role. So you may be employed in finance organisations, government departments, public or private sector organisations. Most bookkeepers are employed specifically within finance teams, in varied industries. ![]() Once you become qualified, there are many opportunities to progress into more advanced accountancy roles with further study. It can be a great role to start in when pursuing a career in finance, with affordable entry routes and a relatively quick qualification time. Additionally, you may choose to offer your services independently and be your own boss, offering you great flexibility. Bookkeeping is an attractive career choice as your skills will always be in demand from employers. This may include keeping an accurate record of the money coming in and out of a business, managing the day-to-day cash flow and payroll, and preparing invoices and tax returns. Below you will find a more detailed description of both roles, which may help you to decide which is best for you.Ī bookkeeper is responsible for keeping the finances running efficiently. Accounting however, focuses on interpreting and presenting that data. Bookkeeping is the first part of the accounting process, it focuses on recording and organising financial data. Contact us today for a comprehensive consultation with our highly trained professionals.Home News Difference between accounting and bookkeeping? Difference between accounting and bookkeeping?Īlthough the work of both an accounting professional (either an accountant, or accounting technician) and a bookkeeper often overlap, the roles are quite different. Whether building a system from the ground up or overhauling existing processes, Liu & Associates can provide unparalleled financial guidance and support. Our accounting experts can ensure all of your business’ needs are met by working directly with you and your bookkeeping staff. Accountants work with your bookkeepers to smooth out all of the hiccups and snags that can happen when you own a business.Įnsure your machine is running smoothly: contact Liu & Associates today for your accounting needs. This work is demanding, so it is sensible to bring in an accountant– in this scenario: the oil for your machine. Bookkeepers must be as accurate as they are diligent in accomplishing their tasks, regardless of repetition or an increased workload. Imagine a bookkeeper as the essential components of your machine, the ones that keep it running every day. If you build a machine, you want all of the parts working in unison. Working with bookkeepers to ensure the process meets all needs,īusinesses are made up of a variety of interconnected, moving parts– like a machine.Analyzing and predicting financial trends based on individual results,.Proofing collected financial records for efficiency,.Creating checks and balances (controls) within the bookkeeping process,.Planning and detailing bookkeeping processes,.Where a bookkeeper is tasked with maintaining financial records day-to-day, an accountant’s responsibilities can include the following: ACCOUNTING DEFINEDĪccounting is a more general term than bookkeeping, but it also carries more weight. An efficient bookkeeping system should be able to produce accurate and timely financial statements, tax information and internal assessments on demand. This process smoothes daily operations and ensures detailed records are kept. BOOKKEEPING DEFINEDīookkeeping is a business’ collection, organization, storage and access of its financial records. Read on for a brief rundown on the differences between bookkeeping and accounting. If you own or manage a growing business, you need to familiarize yourself with the financial side of things. All large companies have sophisticated accounting and bookkeeping procedures in place they know just how important financial efficiency is to their bottom line. We all know it can’t be that way because a balanced budget and thorough records are keys to success in business. When it comes to paperwork and numbers, most business owners would rather fill a filing cabinet and focus on other tasks at hand. ![]()
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