Bookkeepers vs Accountant - Which One Do I Need?!

09/15/21 • 5 min

Have you ever wondered what the difference is between a bookkeeper vs accountant?
I am often asked, accountant vs bookkeeper - which one do I get? Or what does a bookkeeper do? And what does an accountant do? So that’s why I decided to put this accounting vs bookkeeping episode together for you today.
Bookkeepers and accountants work together but they are not the same thing. So we shouldn’t approach it like ‘bookkeeping vs accounting’ but rather we should consider ‘when do I need a bookkeeper?’ And ‘when do I need an accountant?’
The bookkeeping vs accounting difference really boils down to the short term vs the long term view of your business finances. You may even have a bookkeeper accounting for you too! A lot of accountants do both.

Connect with me on LinkedIn or visit our website rightsource.com.au
Visit the downloads page to access accounting spreadsheets, templates and budgets.

If you have any questions, are in the process of starting up an NFP, interested in becoming an NFP CoSec, feel free to contact me on LinkedIn.
If it is of interest, join us for the NFP Governance Rendezvous, a free online event for NFP CEOs, Directors and CoSecs, or anyone aspiring to these positions; or just wanting to learn more about governance in the NFP space. Click here to learn more about upcoming Rendezvous.

Right Source Empowering Your Purpose Is Ours.

Connect with me on LinkedIn or visit our website rightsource.com.au
Visit the downloads page to access accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.

Previous Episode

3 Reasons I Recommend Xero Accounting Software

Chances are if you’re in business you’ve heard of Xero Accounting Software. In today’s episode I want to give you my top 3 reasons why I think Xero is a great choice for small businesses and nonprofits as well as leave you with some considerations.
This is not a Xero vs MYOB or Xero vs Quickbooks or Xero vs Sage. It’s not even a Xero vs Zoho or Xero vs Freshbooks. This is simply about why I think Xero accounting is the best choice.
In this video I talk about some Xero basics and functionality as well as some Xero features that I think are really helpful when you’re looking at Xero for small business.
* Not a sponsored post, I just love Xero.

Connect with me on LinkedIn or visit our website rightsource.com.au
Visit the downloads page to access accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.

Next Episode

What Is Fringe Benefits Tax? (FBT)

If you’re a business owner you’ve probably wondered what is fringe benefits tax at some point. In this episode I explain in depth exactly what fringe benefits tax is and how the fringe benefits tax in Australia works.
In order to understand fringe benefits tax you first need to understand exactly what is a fringe benefit. Fringe benefits are a non monetary benefit that an employer uses to go over and above for their staff (essentially). It’s a way of incentivising, rewarding or thanking without adding to their current income and thereby creating more business and income tax.
In this episode I also want to show you how fringe benefits tax and not-for-profits are often overlooked but potentially beneficial to you as a not for profit.

Connect with me on LinkedIn or visit our website rightsource.com.au
Visit the downloads page to access accounting spreadsheets, templates and budgets.

Right Source Empowering Your Purpose Is Ours.