So, what exactly is the difference between an accountant and a bookkeeper?
Well, although there is a difference, the line between the two is rather blurred. They both have a role to play in the accounting process.
A bookkeeper is responsible for recording a business’s financial transactions., things like receipts, payments, purchases and sales. These records are then used to prepare reports that others can use to assess the business’s financial position. In other words, a company’s bookkeeper prepares the basic source documents that a manager or accountant needs.
An accountant focuses on the analysis and interpretation of the information that the bookkeeper has provided.
The brilliant diagram below shows the differences between the two professions.
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