Did you know a bookkeeper and accountant are different? Yup.
Think of it like a nurse and a doctor. They both have your overall health in mind. But a nurse takes care of the details - checking your vitals, making sure you're comfortable, prepping for the doctor, and following up your visit. A doctor on the other hand, pops into the room briefly to use his expertise to give a diagnosis and treatment plan.
When it comes to your business finances, this analogy translates.
Accountant = doctor
In short, an accountant is like a doctor. They take everything you've worked on throughout the year or quarter and file your taxes. A good accountant will make sure you are legal and will help you save money on your taxes. They review tax laws and legalities every year to make sure to get your tax bill as low as possible.
Bookkeeper = nurse
A bookkeeper is more concerned with the everyday details of your finances. They will work with your CPA at tax time, but also be on the front lines to answer questions like: Should I be concerned about this number? Is this expense a deduction? Do I need this receipt? How can I increase my profit?
They can also help you see the big picture of how your finances are doing your on a monthly basis so that you can profit and grow financially.
You need both to be super successful. Hopefully you already have a fantastic accountant. The next step is to get a great bookkeeper on your team. Check out exactly what a bookkeeper does here (and learn how they can be virtual and not even have to come to your office).
P.S. Find out how this leading expert photography industry uses a bookkeeper and accountant together.