If your company employs a bookkeeper, do you still need the services of an accountant? And if your business has a lead controller, does it still need a bookkeeper?
With so many different accounting roles within a business, it can be difficult to distinguish the duties of each.
Bookkeepers play a crucial role in business accounting. They are responsible for providing accurate and current financial information about a company, and help accountants to prepare financial reports that enable strategic decision-making.
While bookkeepers and accountants can perform the same functions, deciding which role you need depends on your financial needs and your budget. Moreover, employing the services of a bookkeeper or accountant doesn’t automatically mean that your business has a certified tax agent.
Which is where we come in. Our team works hand-in-hand with your existing internal controller to manage your books. This gives you access to a collaborative ecosystem that supports the evolution of your financial processes.
Whether it’s a quick consultation or a longer-term project, we can assist you with:
A bookkeeper’s role is largely administrative, in that they oversee your business’ day-to-day transactions and are largely concerned with record-keeping.
An accountant plays a more subjective role. They provide financial insights by interpreting the data provided by a bookkeeper.
While an accountant can be considered a bookkeeper if a business requires them to double up on their functionality, a bookkeeper cannot play an accounting role without the proper certification.
Despite this, there are certain tasks that can be considered joint efforts by bookkeepers and accountants. These include:
It’s important to note that while bookkeepers and accountants play a role in tax preparation, neither are considered ‘enrolled preparers’. They cannot sign tax returns or represent clients during audits and other matters. This can only be done by CPAs and IRS Enrolled Agents.
You’ll know you are using the right software when your finances, sales, marketing, and operations data is integrated to give you a clear picture of your company’s financial health. Your data should also be easy to find and use.
With reliable accounting software, many of your business’s bookkeeping functions can be automated. However, you’ll still need the expertise of either a professional bookkeeper or accountant to transform the figures into actionable business insights.
If your accounting software isn’t up to the task, Fusion CPA can help you choose and integrate the best solution for your business. We know how important the right software is for business growth.
Accounting is one of those business processes that are non-negotiable. Bookkeeping is a core business process that often requires constant dedication, and this factor alone makes it ideal for outsourcing.
NetSuite Bookkeeping offers streamlined bookkeeping functionality to increase efficiency within your business in a number of ways.
At Fusion CPA, our experienced team can handle your bookkeeping needs, implement QuickBooks Plus effectively, and provide expert advice to help you optimize your financial processes.
At Fusion CPA, we offer a host of outsourced accounting services. Whether you need accounting, bookkeeping, or controller services, we can provide you with the perfect solution. Our accounting experts have years of experience and expertise across different industries.
