CPA vs. Bookkeeper: What's the Difference and Which One Does Your Business Need?

​As a business owner, you might wonder whether you need a CPA or a bookkeeper to manage your finances. While both professionals can help you with your financial needs, they have different roles and responsibilities. In this post, we'll discuss the differences between a CPA and a bookkeeper and help you determine which one your business needs.

At Filipino CPAs and Bookkeepers, we offer both CPA and bookkeeping services to help businesses of all sizes. Here's what you need to know about each profession:

What Is a Bookkeeper?

A bookkeeper is responsible for managing the day-to-day financial transactions of your business. They keep track of your income and expenses, reconcile your bank accounts, and manage your accounts payable and accounts receivable. Bookkeepers also prepare financial statements like balance sheets and income statements.

What Is a CPA?

A CPA, or Certified Public Accountant, is a licensed professional who can offer more complex financial services. They can help with tax planning and preparation, financial analysis, auditing, and consulting services. A CPA can also help you with financial forecasting and budgeting, as well as advise you on ways to save money and increase profitability.

Which One Does Your Business Need?

The answer depends on your business's specific needs. If you have a small business with basic bookkeeping needs, a bookkeeper may be sufficient. However, if you have a larger business with more complex financial needs, a CPA may be necessary.

If you're not sure which one you need, it's best to talk to a professional. At Filipino CPAs and Bookkeepers, we offer both bookkeeping and CPA services, so we can help you determine which one is right for your business. We can assess your business's financial needs and offer customized solutions to help you manage your finances effectively.

In conclusion, both bookkeepers and CPAs play essential roles in managing your business's finances. While bookkeepers focus on day-to-day transactions, CPAs offer more advanced financial services. At Filipino CPAs and Bookkeepers, we can help you determine which one your business needs and provide you with the financial support you need to succeed. Get in touch with us today!