The Difference Between Accounting & Bookkeeping – Accounting Firms Nashville, TN

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The difference between accounting and bookkeeping: business owners are usually confused about whether they should get a bookkeeper or an accountant.

Accountants and bookkeepers have complementary roles in managing a business. However, an accountant cannot do all the necessary tasks needed for the operation of a company. Accountants and bookkeepers each have their own separate and specific duties to accomplish.

A good alliance between the two financial professionals is essential to the long-term success of a company. Feel free to peruse my website for a broader understanding of financial planning: http://www.evanhcpa.com

To sum up the difference between accounting and bookkeeping:

Bookkeepers shoulder the duties of recording the day-to-day transactions of a business–posting debits and credits, producing invoices and completing payroll.

An accountant, on the other hand, produces financial models, prepares company financial statements, analyzes costs of operations, completes income tax return forms and assists the business owner in making the right financial decisions.

Evan Hutcheson, CPA, LLC
1317 16th Ave S
Nashville, TN 37212
phone: 615-727-2295
fax: 615-750-2014
email: evan@evanhcpa.com
Hours: 8 a.m. to 6 p.m. Mon~Fri

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The difference between accounting and bookkeeping
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