What's the difference between an accountant and a bookkeeper?

What is a bookkeeper?

• Categorizes daily sales and expenses

• Reconciles all bank and credit card statements

• Allocates interest on loans

• Provides monthly financial statements

• Files Monthly/Quarterly Sales Tax

What is an accountant?

• Files federal and state tax returns

• Offers tax advice

• Performs audits

• Prepares adjusting entries for depreciation and amortization of assets

The new year is a great time for all small businesses to review expenses and evaluate potential savings. Some actions you can take include:

• Take a look at your utilities. Are you in a contract or can shop these for savings?

• Call your phone/internet provider and ask for savings or shop companies to save.

• Evaluate waste.  What subscriptions, software, or supplies are you paying for but not using?

• Check your service or subscription levels. Can you downgrade?

• Shop your insurance policies for a better price. 

• Check your bank fees. Are there options to eliminate/reduce fees?