When it comes to managing your business finances, both bookkeepers and accountants play key roles—but their responsibilities are distinct. Understanding the difference can help you make the most of their expertise.

What Does a Bookkeeper Do?

Bookkeepers handle the day-to-day financial operations of your business:

• They monitor and record all transactions, including expenses, income, and payments.
• They reconcile accounts to ensure accuracy and identify discrepancies.
• They prepare essential financial statements like profit and loss reports, balance sheets, and cash flow statements, giving you a clear picture of your financial health.

In short, bookkeepers are the backbone of accurate and organized financial records, ensuring the numbers are ready for the next steps.

What Does an Accountant Do?

Accountants take the information prepared by bookkeepers and focus on big-picture financial strategy:

• They analyze financial data to help you make informed decisions for growth and sustainability.
• They assist with tax planning to ensure compliance and identify opportunities to save.
• They help you set and achieve long-term financial goals, like expanding your business or managing investments.

Together, bookkeepers and accountants form a powerhouse team that keeps your finances in check and drives your business toward success.

At Family Balanced Bookkeeping, we specialize in bookkeeping services that provide a solid foundation for your financial planning. Let us handle the details so your accountant can focus on strategy—and you can focus on growing your business.

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