AccountantsĪccountants handle many tasks, and advance to a variety of levels based on their experience and qualifications. These duties fall into the earlier stages of the accounting cycle, as bookkeeping is primarily concerned with the procurement, entry, and (sometimes) organization of data.Fortunately, data entry processes have come a long way in terms of simplicity. How They are Different BookkeepersĪ bookkeeper is generally regarded as an entry-level position, handling tasks that include recording financial transactions like invoicing, debits and credits, payroll, and general ledger maintenance. In some cases, they may command a higher salary than an entry-level position. Bookkeepers who take on the additional responsibility are often referred to as full-charge bookkeepers. To facilitate this, companies implement specialized software which automate lower-level tasks, freeing the bookkeeper to fulfill more strategic duties. Many bookkeepers now take charge of tasks like data summary and financial report classification. ![]() Increasingly, bookkeepers are experiencing similar trends in role expansion. This is especially true in smaller organizations, where employees often diversify beyond their traditional roles to maintain company growth and productivity. As they advance through their careers, accountants will have opportunities to hold a variety of positions and, in many cases, they will be called upon to perform tasks outside of what an accountant might normally do. Organizational Scope and Responsibilityĭepending on the size and scope of the organization, finance professionals must remain flexible in adjusting to differing expectations of responsibility. From the moment a transaction occurs to when the books close, accurately gathering and processing financial information is at the heart of both bookkeeping and accounting. This is true at every stage of the accounting cycle. How They are Similarīoth professions deal with (a lot of) numbers and require scrupulous attention to detail. Understanding the similarities and differences between the two will help guide your decision making when deciding exactly which position is best for your organization. While both roles are fundamental in an organization’s accounting process, each position executes tasks at different tactical and strategic levels of this process. Bookkeeping, accounting, controlling, it’s all just crunching numbers, right? Not exactly.
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