Many wonder what's the difference between bookkeepers and accountants since the latter are usually paid much higher. At one glance, the job scope between accountant and bookkeeper does seem no different; however, it is important to differentiate their role. The task of a bookkeeper is mainly to record day to day business transactions such as cash receipts, cash payments, and general journal adjustments.
The job of a bookkeeper is more clerical, whereas an Accountant is tasked with analyzing the work done by their aides. He or she has a lot more responsibilities when it comes to the financial management of the company. The accountant need not be a member of a professional accounting body in certain areas. As an accountant, you have to arm with you the necessary technical accounting knowledge and experience to perform your task competently.
Bookkeepers have lesser responsibilities as compared to an accountant. As mentioned above, their tasks are more on recording and tracking basic accounting transactions. Some bookkeepers are also competent in areas such as computation of tax payable for a small business or small corporations depending on their exposure and experience.
Whatever the business characteristics would be, Lalia Cpa's principal focus is you to keep-on growing. In terms of tax and business strategy, we aim to assist you in making wise decisions that successfully suit your personal and professional motivations as well as the way you prefer to operate.
We are the best full-service CPA in Mississauga, Ontario, Canada, specializing in Bookkeeping, Accounting, Personal Income Tax to Corporate Taxation, and everything in between. At Lalia Cpa, we provide our valuable team of veteran accountants, who work as an essential back-office to your business. We offer virtual bookkeeping and accounting services cost-effectively within a required time frame. Call us at 647-532-1413 for a free consultation.
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Accounting software handles every one of the estimations for you, and does it appropriately.Benefits of Accounting software Deals with your organization account productively Less administration overheads Distant availability Information is secure.
