The terms accounting and bookkeeping are too often used interchangeably in business, leading many to confuse the roles or assume they are the same thing. Even veteran business owners or professionals may be surprised to learn of the significant difference between an accountant and a bookkeeper, as well as the roles they perform. At first glance, these differences may sound like semantics, but the distinction is important because of one glaring difference between bookkeepers and accountants: cost. Because accountants typically charge a much higher hourly rate than bookkeepers, relegating basic bookkeeping tasks to an accountant will leave you heavily overpaying for basic financial services. Read More……