Accounting Study Tips
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Accounting study tips

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The roles of a bookkeeper and an accountant differ primarily in scope and responsibilities:  Bookkeeper:  	•	Focuses on recording daily financial transactions. 	•	Manages accounts payable and receivable. 	•	Maintains financial records and prepares basic reports. 	•	Often handles payroll and bank reconciliations.  Accountant:  	•	Analyzes financial data and prepares financial statements. 	•	Offers strategic financial advice and tax planning. 	•	Ensures compliance with regulations and assists with audits. 	•	May handle more complex financial issues and provide insights on business performance.  In essence, bookkeepers manage the day-to-day financial transactions, while accountants interpret and analyze that data for strategic purposes.   #bookkeeping #bookkeepingtips#smallbusinessowner
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