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Accounting vs bookkeeping3/26/2023 ![]() To become a CPA, an accountant must pass the Uniform Certified Public Accountant exam and possess experience as a professional accountant. For example, accountants with sufficient experience and education can obtain the title of Certified Public Accountant (CPA), one of the most common types of accounting designations. For those that don’t have a specific degree in accounting, finance degrees are often considered an adequate substitute.Īccountants, unlike bookkeepers, are also eligible to acquire additional professional certifications. To qualify for the title of an accountant, generally an individual must have a bachelor’s degree in accounting. So a bookkeeper can’t call themselves an “accountant.” Accountant credentials Usually, the bookkeeper’s work is overseen by either an accountant or the small business owner whose books they are doing. To be successful in their work, bookkeepers need to be sticklers for accuracy, and knowledgeable about key financial topics. Typically, bookkeepers aren’t required to have any formal education. ![]() In general, a bookkeeper’s role is to record transactions and keep you financially organized, while accountants provide consultation, analysis, and are more qualified to advise on tax matters. Business owners will often look to accountants for help with strategic tax planning, analysing their financial position, forecasting, and tax filing.īookkeepers and accountants sometimes do the same work, but have a different skill set. Accounting turns the information from the general ledger into insights that reveal the bigger picture of the business, and the path the company is progressing on. The result is a better understanding of actual profitability and an awareness of cash flow in your business.
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