In either case, it is important to check that your accountant and bookkeeper have prior experience with operations relevant to your business (such as inventory management, recording POS system sales, filing monthly/quarterly returns) and strong references from prior or other current clients. There are a few things you need to do in order to get started bookkeeping for your business. A bookkeeper will likely work with you at at regular frequency (daily/weekly/monthly depending on business volume) while an accountant check-in generally occurs each quarter and annually. Every business leader starts their business with the idea that their company will eventually become a successful, profitable entity. They will create invoices, enter bills, ensure income is collected and expenses are paid - in general, their goal is to correctly and thoroughly reflect the company’s operations in its financial records.Īn accountant works in conjunction with your bookkeeper to ensure that financial records are in line with regulations and that all taxes have been filed correctly. Bookkeeping 101 is a primer on the basics of business. What is the difference between an accountant and a bookkeeper?Ī bookkeeper is someone who maintains your finance records on an ongoing basis. So, let’s break down bookkeeping once and for all. But, knowing where your business stands is essential to the health and wellness of your company. Invoices, expenses, inventory, employee payments… it can be daunting. When you’re first starting out, making sure all your record-keeping is in order can seem like a tall task.