In the accounting industry, there are many different job titles for accounting personnel. Each job title means that the particular accounting personnel specializes in specific accounting tasks. If you ever need to hire someone to help with accounting tasks, it is important to understand the different job titles.
Bookkeepers are people who "keep the books" for their clients. This job title entails recording of customer payments and entering bills. It can also include invoicing, payroll and making deposits.
Accountants take bookkeeping a step further and summarize the information from the bookkeeper into financial statements. In addition, accountants also will provide a financial analysis. A financial analysis refers to the profitability of your business. It is the evaluation of finance-related activities within your business.
Controllers, also referred to as comptrollers, are generally found in larger organizations. This type of accounting personnel is considered the " head accountant" and oversees the organizations accounting department. The controller keeps the accounting tasks on track and makes sure that all job functions are performed in a timely and accurate manner.
CPAs are accountants who have passed an examination. The examination allows accountants to perform a higher- level of accounting work. CPAs can prepare audited financial statements, and represent organizations against the IRS in regard to tax matters.
It is important to understand the difference between a CPA and an accountant's financial statements. An accountant's financial statements are not reviewed and are for the owners data only whereas CPA financial statements are audited and an opinion has been provided by the CPA.
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