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What is the difference between the a Bookkeeper and an Accountant?

In short, a bookkeeper focuses on the day-to-day while an accountant focuses on the year-to-year,

Bookkeeper

  • Categorizes income and expenses

  • Reconciles bank accounts

  • Generates and explains financial reports

  • Prepares the books so the accountant can prepare the taxes.

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Accountant

  • Prepares taxes

  • Calculates depreciation

  • Recommends corporate and financial structures for optimum value.

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