As a provider of small business accounting services in Cincinnati, we’re often asked about the differences between an accountant and a bookkeeper. While we’re happy to discuss this topic in detail with anyone by phone or in-person, we thought it would be helpful for us to write a blog post as well.
The Role of Accounting
The simplest way to think of accounting is as a high-level process that takes information and creates financial models from it. Those financial models are then used for reporting purposes, as well as to gain insights into where the business is going. By properly compiling all financial data from a business, it becomes possible to fully understand the current state of indicators like cash flow and profitability.
The Purpose of Small Business Bookkeeping
Accounting practices are only as useful as the numbers that are plugged in. That’s why it’s so important to have accurate and up to date numbers, which is where bookkeeping comes into play. Even when a business is just getting off the ground, it’s going to have a lot of transactions. Bookkeeping provides a system for keeping track of all those transactions. A key element of bookkeeping is the system that’s utilized is consistent. By handling all transactions in a consistent manner and ensuring that every single one is recorded, it becomes much easier to handle all accounting tasks in a way that’s accurate and efficient.
We Provide Comprehensive Cincinnati Accounting & Bookkeeping Services
As you can see from the above sections, both accounting and bookkeeping play a very important role in the financial health of a business. Because both elements are essential for not only keeping a business on the right track but helping it grow, we offer both services to our clients.
At Tristate Accounting, we have a team of expert accountants who can assist with all the financial components of your business. From preparing financial statements to our advisory services for complex transactions, we have the team and resources needed to deal with all your accounting requirements.
In addition to our wide array of accounting services, we also offer end to end bookkeeping. By taking advantage of our bookkeeping services for Cincinnati businesses, you won’t have to worry about dealing with any of the negative effects that can go along with books that aren’t up to date.
Instead, you’ll be able to enjoy peace of mind and have up to date insights into the financial health of your business. So if you’re ready to put your business in the best financial position possible, contact us today to discuss how our accounting and bookkeeping services can fit into your business.