Best Bookkeeping Services in New Smyrna Beach, FL

New post: Accountant vs Bookkeeper: What does my business need? - Small business owners usually start out managing all areas of their business on their own, even the ones they don’t enjoy. As business grows, a common area owners often seek help in is their company finances.  Employing the services of a financial professional for your company is very helpful and important; however, it is often hard to know whether you need a bookkeeper or an accountant.  BOOKKEEPER VS. ACCOUNTANT: WHAT’S THE DIFFERENCE? The terms “bookkeeper” and “accountant” are often used interchangeably, and their roles do overlap, but there are some distinct differences between the two jobs.  While both types of financial professionals help your business, accountants focus on the big picture, while bookkeepers focus on the day to day business operations. BOOKKEEPING Bookkeepers have an administrative, detail-oriented role, and the emphasis is on compiling accurate financial information. In simple terms, bookkeeper’s keep a record of all financial transactions, logging daily transactions in a logical, accurate, and easily accessible way. Typical bookkeeping tasks include: * Recording financial transactions * Posting debits and credits * Producing invoices * Reconciling bank accounts * Managing bank feeds * Managing payroll * Maintaining and balancing general ledgers ACCOUNTING Accountants use the same information as bookkeepers, but their main focus is to interpret and analyze the...