Bookkeeping Frequently Asked Questions

Question

Do I need a bookkeeper if I have an accountant? What’s the difference between the two?

Answer

Bookkeepers and accountants perform distinctly different tasks.

Bookkeepers Traditional Responsibilities

  • Compiling data on a daily basis

  • Categorizing expenses in the general ledger

  • Reviewing the general ledger for accuracy

  • Reconciling bank statements against the general ledger

  • Generating financial statements

Accountants Traditional Responsibilities

  • Analyzing the company’s financial data

  • Preparing income tax returns

  • Providing tax planning advice

 

Question

What should I use to manage my books? 

Question

Should my bookkeeper be an employee?

 

Contact Information:

Mailing address: 
9111 Cross Park Dr., STE D277 Knoxville, TN 37923

Office: (865) 470-4252
Mobile: (865) 745-9432---you can text this number
Fax: (865) 470-4254

Email: accounting@ridenourbookkeeping.com

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