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Whats the differnece between bookkeeping and accounting? |
I am thinking of going into something like that ,because I am good with numbers but when I ask people they tell me differnt things.I think accounting takes longer to get your certificate and all but im not sure? The difference between accountants and bookkeepers is not always clear, particularly in smaller companies where bookkeepers also help interpret the accounting information. In large companies, the distinction is clearer this is because in a structured organization work is specialized. Bookkeepers focus on processing of accounting data. Accountants design the accounting information system and focus on analyzing and interpreting information. A Book keeper maintains daily record of transactions.. with little accounting knowledge, he can do his job... simply he maintains day books..i.e. he prepares journal, ledger and trial balance.. in computerised accounting the function of book keeper is limited to recording of journal ..so most of book keepers job is automised now. There is little scope in this area to grow ... |
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bookkeepers handle the daily books regarding the operations of the business. accounts payable/receivable, employee info. (wages, tax info.). bookkeepers then turn all pertinent info over to the a... Hi !!! Below article will explain it better. ... Bookkeepers track accounts and balances for a firm. They also create financial statements periodically. Accountants can do all that as well, but they spend most of their time on more specialized... 1&2. You must keep accurate transaction logs for your purchases and sales. These logs should be transaction specific as to what currency was traded, date and amount SAMPLE P&L (which sho... I don't understand why you want to outsource when there a a myriad of capable people and firm to do what you require. Plus they are well versed in CA law. I am not one of them, but I use them.... Accounting is not easy to learn alone. It's best you enrol in a course where you have a teacher to explain things and to guide you. If you're working, try and find a night class. These co... Referrals come from satisified customers, friends, families, and associates. Everyone you know should "know" about your business: Doctor, Dentist, Insurance Agent, etc. Pass out bus... Accounting is more advanced than bookkeeping. Bookkeepers enter data into the company's books, but the accountant is the one who does more of the financial analysis. Bookkeepers do accounts... |
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