Woah... there's a difference between Accounting and Bookkeeping?

Hands up who doesn’t quite know the different between a Bookkeeper and an Accountant?

Job descriptions aside, we all know that Bookkeeping and Accountancy are integral to every well-functioning and successful business, but what are the main differences between the two professions, and how do you know which you would prefer? e-Careers explores:

Bookkeepers:

From payroll to invoicing, Bookkeepers are responsible for keeping a complete record of every financial transaction within a business; whilst ensuring suppliers, staff members and other third party organisations are all paid on time.

The Bookkeeper’s organisation is integral to the successful day-to-day running of the business, and without the development of their accounting systems, business processes would quickly fall apart.

Accountants:

In contrast, the role of the Accountant is to build on the financial records provided by the Bookkeeper, in order to create a complete financial picture of a business, and analyse its profitability.

From the accurate filing of taxes to implementing cost-saving changes, Accountants are called on by Business Owners to really crunch numbers, and develop a financial strategy that will help the business grow and succeed.

What qualifications will I need for Bookkeeping?

To become a Bookkeeper you don’t necessarily need a degree in mathematics, but you do need to undertake a Bookkeeping training course or accreditation.

The Institute of Certified Bookkeepers (ICB) is the largest Bookkeeping association worldwide and prides itself on increasing the recognition of bookkeeping as an integral part of the financial profession, whilst maintaining the standards of bookkeeping through consistent training, development and qualifications.

e-Careers has established an excellent working partnership with the ICB and is an accredited training provider of several ICB accredited courses that will aid aspiring Bookkeepers in advancing their career, including:

The ICB is the largest bookkeeping institute in the world and its qualifications are globally recognised and highly regarded among employers.

…and to become an Accountant?

Again, to become an Accountant you do not necessarily need a degree, but you do need to have a strong interest in numbers with A-Levels or similar in Maths and Economics, for example.

From here, there are many qualifications aspiring Accountants can choose from – but all developing professionals will need an AAT Qualification as a minimum requirement.

The AAT or Association of Accounting Technicians is the UK’s leading qualification and membership body for vocational accountants. The organisation prides itself on providing qualifications that meet the needs of aspiring professionals and business owners, and currently awards 90% of all vocational qualifications in Accountancy.

Examples of the AAT Accounting eLearning courses provided by e-Careers include:

What next?

If you’re interested in carving a new career in Bookkeeping or Accountancy and feel you would benefit from the flexibility of eLearning, please contact one of our dedicated Training Experts today on 020 3198 7603.