Bookkeepers Vs Accountants

Many people believe that accountants and bookkeepers do the same thing, but that is not true. Although they do overlap a bit, they are different. Both are financial professionals that are necessary to keep your business running and financially healthy. Make no mistake, they are in the same industry, but they are different specialists. Your business handles large volumes of money and transactions daily, monthly, quarterly, and annually. An accountant and bookkeeper help you keep track of all these things and stay in regulation with tax law. They both work to accomplish the same thing but are different in how their role functions in each. Here is how they are different:

Tax Accountant

Accountants must have a minimum of a bachelor’s degree in accounting. They are also required to take professional licensing exams to obtain the title of Certified Public Accountant (CPA). A CPA will go through your financial records, help you prepare and file tax returns, and maximize your tax deductions.

Bookkeeper

Bookkeepers are responsible for recording your day-to-day financial transactions. They may even oversee the creation of financial forecasts to help with the financial planning of the business. However, they do not need to have any formal education or training. Anyone can become a bookkeeper, but you need to keep in mind that they need to create accurate financial records. They also cannot call themselves accountants unless they have taken the required exams to become a CPA too.

Contact Us Today for Bookkeeping Services!

At National Tax Service, we provide professional and accurate bookkeeping services to the Columbia, SC area. Our bookkeepers are highly experienced in financial record keeping and will help ensure that you have accurate reports that make it easier to run your business. It also helps make filing your business income tax returns much easier. Contact us today to hire our professional bookkeepers!

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National Tax Service | 6701 Two Notch Rd., Columbia, SC 29223 | 803-788-1909

Easy Advance

*To be eligible for the $6,000 loan amount, your expected Federal refund less authorized fees must be at least $7,000. An Easy Advance (EA) is a loan secured by and paid back with your tax refund and is offered by Republic Bank & Trust Company, Member FDIC, to eligible taxpayers. Loan amount options are based on your expected Federal refund less authorized fees. If approved for an EA, a Finance Charge may apply. Loan is subject to underwriting and approval. EA proceeds are typically available within 24 hours of IRS acceptance of tax return or within 24 hours for those filing before the IRS start date; however, if direct deposit is selected, it may take additional time for your financial institution to post the funds to your account. Visit your tax preparer to learn about the cost and timing of all filing and product options. Available with preparation of 2022 federal tax return through Feb. 28, 2023.

Refund Transfer

**A Refund Transfer is a fee-based product offered by Republic Bank & Trust Company, Member FDIC. A Refund Transfer Fee and all other authorized amounts will be deducted from your tax refund. Visit your tax preparer to learn about all filing and product options, including obtaining your refund at no additional cost.

The Difference Between An Accountant & Bookkeeper