Bookkeeping vs Accounting: Why Small Business Owners Mix Them Up

Not sure if you need a bookkeeper or an accountant? Here’s the short answer – probably both. Plenty of small business owners mix them up. The result? Missed opportunities, late tax, and messy records. Let’s break it down without the jargon.

What a Bookkeeper Does (and Why You Need One)

Your bookkeeper keeps track of the day-to-day money movement.

• Records all sales, purchases, and payments

• Organises receipts and invoices

• Runs payroll and super

• Prepares your BAS so your accountant doesn’t have to play catch-up

Think of your bookkeeper as the one keeping your financial house clean and tidy.

What an Accountant Does (and How They Help You Grow)

Your accountant takes the tidy records and turns them into strategies.

• Prepares your tax return

• Advises on tax planning and compliance

• Analyses your numbers to help you grow

• Looks at the bigger picture of your business finances

They’re the ones helping you keep more of what you earn... legally.

How They Work Together

Bookkeeping vs accounting isn’t an either or choice, it’s a team effort. A bookkeeper and accountant are like the forward and the goal kicker, both crucial to winning the game. Your bookkeeper keeps the ball moving, your accountant makes sure you score.

Why Bookkeeping vs Accounting Knowledge Matters for Your Business

• No last-minute scramble at tax time

• Better business decisions all year round

• Peace of mind knowing your numbers are right

If you want your business to run smoothly, you need both - one to keep the books tidy, one to make those books work for you.

We can help you get your books in order so your accountant can do the fun stuff, saving you money.