Question

Write a short report (220–250 words) on the business needs and expectations of a bookkeeper, comparing the role of the bookkeeper with that of an accountant.

Answer 1

Every bussiness need an accountant or a bookkeeper .

But while the question raises between accountant or bookkeeper it will be decided by the turn over and transactions that bussiness do daily or weekly or monthly

Expectations of the bookkeeper

1. Recording of all the transactions in bussiness

2. Classification of all transactions into respective accounts

3. Book keeper has to check all transactions are properly authorised

4. Maintain of books of accounts up to date for accurate results

5. All the information needed to a accountant who may visit and finalize accounts monthly or semi annually or annually

Comparision of book keeper and accountant

Bookkeeper

1. He can record, classify, post, the transactions into respective accounts

2. He cannot make adjustments and required finalizations of the accounting data

Accountant

1. He too can make all the works that bookkeeper can do

2. But the major difference between the bookkeeper and accountant is accountant can make all required adjustments and finalize accounts

Major the classification of bookkeeper ane accountant is on

1. educational background

2. Expertise in knowledge

3. Experience in work

Thank you.