Discussion:Bookkeeping v/s accounting
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Revision as of 23:12, 27 October 2009 Southparkcpa (Talk | contribs) (In my view, acco) Next diff → |
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| + | {{ForumReplyPost|UserID=Southparkcpa|Date=27 October 2009|Text=In my view, accounting encompasses taking responsibility for the balance sheet and income statement as well as j/e's to record depreciation, amortization, write offs etc... | ||
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| + | bookkeeper is a "transactional" position, in the "good ole days" some posted to G/L some did not BUT the accountant took responsibility for a fully posted G/L and closed it. | ||
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| + | I once interviewed a bookkeeper for a client in the late 80's and asked her if she went through to the general ledger. | ||
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| + | She responded "General who"?, I said never mind.}} | ||
Revision as of 23:12, 27 October 2009
Discussion Forum Index --> Business Growth Community --> Bookkeeping v/s accounting
Anytaxpayer (talk|edits) said: | October 27, 2009 |
| Hi all,
Going through life changes here and I appreciate all who endure my postings whilst I find myself. Been doing taxes several years now, studying for the EA, have no fear of failure but know that doing taxes only won't be enough to sustain me. Can anyone tell me from experience and practice(not theory)the difference between bookkeeping and accounting? Also, which would be better for a person who prefers self-employment. I'll obviously have to further my education either way but I'm concerned about the practical applications of an accounting degree w/out experience. | |
| 27 October 2009 | |
| Bookkeeping is done in states that prohibit the use of the 'A' word by non-licensed individuals.
Bookkeeping is also done by those who wish to charge less than those who do accounting, or by those whose education and experience does not lead them to call their activity 'accounting'. | |
| October 27, 2009 | |
| Bookkeeping is more of the day to day stuff, usually under the command of the accountant. So accountants have the big picture, make the decisions, run the project. The bookkeepers carry out the duties.
btw, for extra credit, what's the only word in English with three repeating letters in a row? | |
| 27 October 2009 | |
| rat-a-tat-a-tat?
well, that's only two letters repeated four times. | |
| 27 October 2009 | |
| bookkeeper.
Who's buried in Grant's Tomb? I remember reading somewhere that, after the last journal entries are posted and the books are ready to be closed, "accounting happens" meaning that the scientific theory is applied to the raw numbers. I have no idea whether this is true but I liked the idea of it. | |
| 27 October 2009 | |
| Is anyone really buried IN the tomb? Or would they be buried BENEATH the tomb, or their coffin laid unburied above ground INSIDE the tomb? | |
| 27 October 2009 | |
| so I looked it up - as I suspected NO ONE is buried in the tomb.
[[1]] | |
Southparkcpa (talk|edits) said: | 27 October 2009 |
In my view, accounting encompasses taking responsibility for the balance sheet and income statement as well as j/e's to record depreciation, amortization, write offs etc...
bookkeeper is a "transactional" position, in the "good ole days" some posted to G/L some did not BUT the accountant took responsibility for a fully posted G/L and closed it. I once interviewed a bookkeeper for a client in the late 80's and asked her if she went through to the general ledger. She responded "General who"?, I said never mind. | |
![[1]](http://en.wikipedia.org/wiki/File:Grants_tomb_2007.JPG){kind=link}