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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Thu Apr 29, 2004 6:38 am Post subject: Accounting vs. Bookkeeping |
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| When distinguishing a business service what is the differerence in Accounting vs Bookkeeping? |
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Guest
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| Posted: Thu Apr 29, 2004 6:38 pm Post subject: RE: Accounting vs. Bookkeeping |
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| BOOKKEEPERS ARE RESPONSIBLE FOR THE RECORDING OF TRANSACTIONS AND WILL USUALLY WORK UNDER THE SUPERVISION OF AN ACCOUNTANT. ACCOUNTANTS WILL USUALLY MAKE ANY NECESSARY ADDJUSTING, CORRECTING, OR CLOSING ENTRIES AND DEVELOP AND INTERPREPT THE FINANCIAL STATEMENTS. SOME ACCOUNTANT WILL GO AS FAR AS REVIEWING AND AUDITING FINANCIAL STATEMENTS AND ARE KNOWN AS CPA'S. ALSO MANY BUT NOT ALL ACCOUNTANTS WILL PREPARE TAX RETURNS FOR THE BUSINESS |
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