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I’m proud to announce that one of my recent articles has appeared on the Intuit Accountants News Central blog, where I talk about why I don’t believe accountants should dabble in bookkeeping. I discuss the difference in services offered by both, and why it’s not wise to attempt a jack-of-all-trades approach in this industry.
Here’s a preview:
The skill set of a good bookkeeper is very different from that of an accountant. The value each of them provides is also fundamentally different. Your bookkeeper should care whether every single credit card receipt was entered from your credit card statement. Your accountant? Not so much. Your bookkeeper should ensure your bank reconciliation balances to the penny, without having to hit that dreaded “Reconciliation discrepancies” account. Your accountant? Not so much.
Interested? Check out the fully entry here (edit: this offsite resource is no longer available)
What do you think? Do you have the same individual or business for both your accounting and bookkeeping needs? Or do you agree they should stay separate? Your thoughts are always welcome, so let us know!