Episode Description
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
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.
-----------------------------------------------
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
-----------------------------------------------
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
-----------------------------------------------
Promotion
This video contains paid promotion.
-----------------------------------------------
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