It is the bookkeepers that record the day-to-day transactions of a company. Their responsibilities consist of: keeping the books updated, structuring expenses in the general ledger, maintaining accuracy in the financial statements, periodic reconciliation and keeping it all together in an organized manner.

An accountant, on the other hand, uses these ledgers to provide their services. They analyze the company’s financial data to prepare the taxes and eventually file them taking into consideration all the regulatory requirements. They make sure that you are able to avoid all kinds of fines and penalties.

In case you already have an accountant, it is not an issue taking into account that you can always have a virtual bookkeeper, who can organize and streamline your books so that your already appointed accountant can work in a more efficient and time-saving manner.