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Differences betweenBookkeeping and Accounting                                                          Image: Ambro / Free...
Sometimes people use the same to term to define anaccountant and a bookkeeper. They both take part in theaccounting proces...
What differs between a bookkeeper and an accountant ?                                  Recording                          ...
BookkeeperIn detailsBookkeeping for Profit and Not-For-Profit businessesAssessment of Current Recordkeeping Process to fac...
BookkeeperIn detailsDesign, Customization and Generation of estimates, invoices and credit memosAnnual 1099 and W-9 Proces...
BookkeeperWhat is a certified bookkeeper(CB) ?A CB (Certified Bookkeeper ) is a bookkeeper with an additional level ofcred...
AccountantMore in the interpretation and use of accounting informationIs in charge of   •   Reporting statutory and govern...
AccountantWhat is a CPA?A CPA ( Certificated Public Accountant) is an accountant with anadditional level of credibility an...
Why you need both accountant and bookkeeper ?  The accountant uses the information produced by the bookkeeper in order to ...
Bookkeeping and Accounting arecomplementary work to ensure yourbusiness SUCCESS                   !!!           Image: she...
For more on bookkeeping services, information and tips         Visit our Website                   Visit our Blog      Ple...
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Get to Know Differences between an accountant and a bookkeeper

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Sometimes people use the same term to define an accountant and a bookkeeper. They both take part in the accounting process but don’t have the same responsibilities and roles.

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Transcript of "Get to Know Differences between an accountant and a bookkeeper "

  1. 1. Differences betweenBookkeeping and Accounting Image: Ambro / FreeDigitalPhotos.net Marks Bookkeeping Services 40 West 24th Street, Suite 3F Join us New York, NY 10010 http://www.marksbookkeeping.com Contact: info@marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 1
  2. 2. Sometimes people use the same to term to define anaccountant and a bookkeeper. They both take part in theaccounting process but don’t have the sameresponsibilities and roles. Summary What differs between a bookkeeper and an accountant ? Why you need both accountant and bookkeeper ? Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 2
  3. 3. What differs between a bookkeeper and an accountant ? Recording Identify, classify and summarize the Bookkeeper financial events Accounting Reporting Analyzing system Accountant Interpreting Communicate important financial information with will permit to improve performance and make good decisions http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 3
  4. 4. BookkeeperIn detailsBookkeeping for Profit and Not-For-Profit businessesAssessment of Current Recordkeeping Process to facilitate a smoother flow of financial recordsInstallation of QuickBooks and a tailored program to fit the needs of the clientInitial Set-up for New CompaniesClean-up for existing companiesManagement of Books in the clients office or in oursController Services: + Cash flow management + Financial analysis + Business performance evaluation + Budgeting and forecastingStaff Training on an individual basis or in seminar formatChart of Accounts set-up Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 4
  5. 5. BookkeeperIn detailsDesign, Customization and Generation of estimates, invoices and credit memosAnnual 1099 and W-9 ProcessingRecording Payroll and Tax Payment Transactions from payroll reportsAccounts Payable - entering and paying bills, printing and collating checksAccounts Receivable - tracking overdue accounts and processing collectionsBank and Charge Card ReconciliationsPreparing Monthly Financial Statements: + Profit & Loss, + Trial Balance, + Balance Sheet, + Statement of Cash Flows, + Detailed account activity reports for any period or range of timeMaintaining Petty Cash RecordsSecuring Client Data using backup procedures and password features. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 5
  6. 6. BookkeeperWhat is a certified bookkeeper(CB) ?A CB (Certified Bookkeeper ) is a bookkeeper with an additional level ofcredibility and expertise. He his certified by the AIPB ( American Instituteof Professional Bookkeepers). It is the only national standard in advancedbookkeeping. www.AIPB.orgA CB have to:• Pass an exam in advanced bookkeeping• Have work experience of 2 years at least• Adhere to the Code of ethics of Bookkeepers• Update skills by completing 20 continuing education credits every year Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 6
  7. 7. AccountantMore in the interpretation and use of accounting informationIs in charge of • Reporting statutory and governments requirements • Preparing reports to help the business monitoring • Giving advices about performance, financial issues, tax planning … • overseeing the work of bookkeepers team. . Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 7
  8. 8. AccountantWhat is a CPA?A CPA ( Certificated Public Accountant) is an accountant with anadditional level of credibility and expertise. He is certified by a stateaccording too define requirements. He can also performs Tax returnsand tax payers management. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 8
  9. 9. Why you need both accountant and bookkeeper ? The accountant uses the information produced by the bookkeeper in order to create relevant reports and financial statements. The accountant performs adjustments to ensure that financial records are accurate or to reflect a particular type of report. Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 9
  10. 10. Bookkeeping and Accounting arecomplementary work to ensure yourbusiness SUCCESS !!! Image: sheelamohan / FreeDigitalPhotos.net Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 10
  11. 11. For more on bookkeeping services, information and tips Visit our Website Visit our Blog Please leave comments below Join us http://www.marksbookkeeping.com Copyright© 2012 Marks Bookkeeping Services, LLC. - All Rights Reserved 11
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