Difference between an accountant and bookkeeper and who does what!

Bookkeeper and accountant are your allies when it comes to financial issues and revisiting your most essential files and data. "Bookkeeping is designed to generate data about the activities of an organization," said D'Arcy Becker, chair and professor of accounting at the University Of Wisconsin Whitewater Department Of Accounting.

Bookkeeper:

Bookkeepers are professionals who collect the vital data, file reports, maintain a record of financial transactions, and store every possible data that revolves around the business. The records include receipts, sales, purchases, and payments.

Accountant:

"Accounting is designed to turn data into information," exclaims D'Arcy Becker, Accountants handle the job of turning collected data and records into purposeful information. They analyze, verify the data to perform audits, prepare tax returns, income statements, and balance sheets. Sometimes using this information, they provide data for the rise and fall of business and opportunities for growth.

Some professionals handle both accounting and bookkeeping; in such cases, they are paid with a higher amount of salary.