Bookkeeper vs Accountant – which do you need?

Ever puzzled over what sets apart bookkeeping from accounting? You are not alone, many get these two fields jumbled up! Our freshest blog post is here to shine a light on these distinctions. It’s a must-read if you are scouting for the right financial expert for your business.

Meet your business’s unsung hero – the Bookkeeper!

1. Their superpower? Pinpointing, gauging and documenting those critical monetary exchanges.
2. They’ve got a toolkit that makes it all happen. The ledger, journal and subsidiary books- their trusty sidekicks 
3. Bookkeeping does not branch out, but it does have two unique styles: the sleek single-entry system and the meticulous double-entry system. 
4. Bookkeeping is the starting line in the marathon of accounting
5. It’s their duty to supply the meaty data that fuels accounting
6. Oh, and did we mention they also manage the all-important payroll?  Quite the multitasker.

Step into the spotlight, Accountant – the maestro of money matters!

1. Their craft? Wrangling all those financial transactions from the ledger, distilling them down, making sense of the numbers, and spreading the word.
2. Their arsenal includes the mighty trial balance and those all-telling financial statements.
3. This profession branches out into intriguing specialities: financial accounting, cost accounting, management accounting, human resources, and social responsibility accounting.
4. Accounting is not just the second act – it’s the grand finale of the whole accounting process.
5. Their mission? Crafting a financial system that’s ready for deep-drive performance analysis.
6. They are the fortune-teller of finance, gauging your business’s fiscal fitness and predicting its financial future.

By now, we trust you’ve got a handle on how bookkeepers and accountants aren’t two peas in a pod and can pinpoint who you need to bolster your business – or perhaps you need the power of both! 

If that’s the case, have we got a treat for you. 

Our team is a stellar line-up of industry experts and globally certified accountants and bookkeepers, ready to leap into action. Whether you need one or both, they’re at your service from our firm.

For more information, contact Us today at +44 204548 4540 or email helly@percentchase.com