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Bookkeeper vs. Accountant: What Is the Difference? Here’s What You Need to Know

By August 30, 2018 No Comments

bookkeeper vs accountant

Ever look at your business financials and think, there’s got to be an easier way to do this?

We think there’s always a better way to do things, and figuring out your business’ specific needs is the best place to start. Whether you just desperately need organization or you’re ready for something more, check out the differences between bookkeepers and accountants below to get started on your perfect solution.

Bookkeepers handle the recording and reconciling.

Your basic bookkeeper is going to log all of your financial data — from bill pay to reimbursement receipts — to make sure your financials are up to speed. At Acuity, you’ll get a dedicated bookkeeper that manages daily transactions, statement reporting, GST calculation, processing invoices, and more. More than anything, your bookkeeper exists to make sure your finances are up to speed and to deliver the data reports that give you the essential insight you need.

Accountants do bookkeeping, plus more.

Did you read all of those things listed above for your bookkeeper? Your accountant will do those too — plus give you the advice you need to keep your business growing. From help with establishing your business practices to setting up general ledgers, creating budgets, and more, an Acuity accountant is there to provide the next-level advisory services you’ll need to expand. On top of that, you’ll get free hours with our expert CFOs for those times that you need strategic guidance before taking the next step.

Now that we’ve got that straight, here’s how you know which one you need.

When you’re just starting out, you may not need the extra help with advisory services, which is why a bookkeeper is a perfect fit for you. However, as you grow, an accountant can provide the essential services you need to set yourself on a path to success. Acuity’s dedicated controllers are all armed with accounting or finance degrees, so you can rest easy knowing your books are in good hands.

Even if you have an existing bookkeeper, we can help.

A dedicated accountant can be beneficial to your business, especially if you’re experiencing rapid growth. Need someone to work seamlessly with your bookkeeper or finance department to provide the necessary checks and balances? Our accountants can do that, and deliver the strategic insight you really need. When you’re ready to go to the next level with your finances, Acuity is there to provide CFO hours as needed. That way, you’ve got a team member to help tackle those one-time or monthly projects that require just a little bit more guidance.

Think a dedicated bookkeeper is right for you? Click here to learn more about the benefits of having a bookkeeper. Looking for more? Your dedicated controller is just a consultation away.