Bookkeeper vs. Accountant
The terms bookkeeper and accountant are often used interchangeably. However, they both hold very different roles. So what is the difference between a bookkeeper and an accountant?
Bookkeeper
A bookkeeper’s job is to keep an organization updated with ongoing financial recording and transactions. This includes processing invoices, receipts, payments, and other financial transactions. In addition, bookkeepers can process and maintain payroll systems, reconcile accounts, and manage accounts receivable and accounts payable. Usually one would be interacting with a bookkeeper on a more consistent basis than an accountant because bookkeepers are more in touch with the day to day intricacies of the organization.
Accountant
The job of an accountant is to analyze the data produced by the bookkeeper, report on it, and provide financial advice based on market based trends. They can provide taxation advice and planning, business establishment assistance, and the auditing of organizations. Accountants are more involved with the big picture of an organization’s finances and can weigh in on corporate reporting and compliance reporting and financial management advice.
Next Steps:
Looking for a bookkeeper for your performing arts entity? Let Pentacle help.
Latest Resource Postings
Cultivating Individual Donors in the Performing Arts
Cultivating Individual Donors in the Performing ArtsDevelopment & Fundraising through Individual Donations Everyone needs money, and if you are an artist, nonprofit, or dance organization, a good chunk of your income is probably raised through fundraising. In the...
Q&A: Marketing Your Fundraising Event
Q&A: Marketing your Performing Arts Fundraising EventUnveiling the Power of Event Fundraising: Elevate Your Fundraising Efforts! Hosting an event stands out as one of the most collaborative ways to raise funds. From planning to execution, various steps and factors...
How to Apply for a Grant Through a Fiscal Sponsor
How to Apply for a Grant Through a Fiscal SponsorFiscal Sponsors Help Open Doors To Nonprofit Grants Fiscal Sponsors Give You the Ability to Put Your Work Before More FundersOne of the many benefits of having fiscal sponsorship is the ability to apply for grants...