There are many things that separate a small business from a large one: number of employees, revenue created, and even things like marketing strategy and growth goals. Another separation is whether you use a bookkeeper or an accountant.

Oftentimes, people who are new to business tend to lump bookkeepers and accountants into one category. Although both are trained financial professionals, accountants and bookkeepers serve different purposes; and you should know the differences between the two before you begin your hiring process.

Here are three main differences between bookkeepers and accountants:

1) Education While a bookkeeper can be anyone with a thorough knowledge of ledgers and accounts, an accountant is typically expected to have a degree in accounting, and commonly posseses either an MBA or a CPA certification.

2) Strategy A bookkeeper’s job description is in their title, they are brought in to maintain your financial books and give you reports on how your finances are doing. An accountant typically does more than watch your books—they also give advise on how to improve your financial status or talk you through the implications of any number of business decisions.

3) Salary With the higher level of education and experience comes a higher wage. Accountants can provide an extra level of service for your business, but if you are just starting out, it may be better to find a knowledgable bookkeeper who can help you maintain financial status quo while you grow.

Are you ready to take your business to the next level with an accountant or bookkeeper? Head on over to cfos4rent.com to learn how White and Associates Group can help your business today.

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