So what's the difference between bookkeepers and an accountants?

In this video, we dive deep into the nuances of these two roles, exploring their training, responsibilities, and how technology is blurring the lines.

Many people often confuse the two, but understanding their distinct functions can significantly impact your business.

Bookkeepers manage daily financial transactions, while accountants focus on compliance and strategic financial planning.

As the industry evolves, both roles are becoming increasingly vital, and it's essential to recognise the value each brings to the table.

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About us

We're Jo and Zoe and we help bookkeepers find clients, make more money and build profitable businesses they love. Find out about working with us in The Bookkeepers' Collective, at: 6figurebookkeeper.com/collective

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About our Sponsor

This episode of The Bookkeepers' Podcast is sponsored by Xero. Get 90% off your first 6 months by visiting: https://xero5440.partnerlinks.io/6figurebookkeeper

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Promotion

This video contains paid promotion.

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Disclaimer

The information contained in The Bookkeepers' Podcast is provided for information purposes only. The contents of The Bookkeepers' Podcast is not intended to amount to advice and you should not rely on any of the contents of the Bookkeepers' Podcast. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of the Bookkeepers' Podcast. The 6 Figure Bookkeeper Ltd disclaims all liability and responsibility arising from any reliance placed on any of the contents of the Bookkeepers' Podcast.

Chapters:

00:00:00 - Why Some Bookkeepers Quietly Make More Profit

00:00:36 - Bookkeeper vs Accountant: Personal Experiences

00:00:52 - The Changing Role of Bookkeepers

00:01:14 - Bookkeeping and Accounting in Practice

00:02:45 - The Perception of Bookkeepers

00:04:02 - Training and Qualifications

00:06:52 - Role and Impact of Bookkeepers

00:08:19 - Identity Crisis: Bookkeeper or Accountant?

00:09:02 - Accounting and Bookkeeping in Business

00:09:41 - The Role of Management Accounting

00:12:24 - The Reality of Advisory and Reporting

00:12:26 - The Influence of Background on Practice

00:15:04 - Personal Experiences in Practice

00:16:18 - The Shift from Practice to Business

00:17:08 - Learning from Failures

00:18:21 - Building Boundaries and Profit

00:18:25 - The Bookkeepers Collective: An Introduction

00:19:11 - Identity Crisis: Bookkeeper or Accountant, Revisited

00:22:22 - Understanding Your Role and Building Confidence

00:25:01 - The Grey Area Between Bookkeeping and Accounting

00:26:40 - The Role of a Bookkeeper in a Team

00:30:05 - Conclusion: Embracing Your Role