Bookkeeper Vs Accountant Flashcards
1
Q
What does a bookkeeper do
A
Collect and accurately record data
2
Q
Why use a bookkeeper
A
Helps maintain the records, and is more cost effective
3
Q
What is a bookkeeper responsible for
A
°Recording day-to-day transactions
°Maintaining accounts and records
°Entering transactions in the books and ledgers account
°Checking the accuracy of the bookkeeping
4
Q
What does an accountant do if a bookkeeper is being used
A
°Present the income statement and statement of financial position
°Analyse the information
5
Q
How much does a bookkeeper earn an hour compared to an accountant
A
£15/hr compared to £75/hr
6
Q
Can the accountant check the bookkeepers work
A
Yes, this means that the accountant won’t have to spend as much time doing the basic-bookkeeping work themself
