What is the difference between a Bookkeeper and an Accountant?

School Level Program Admissions
Methodist University Bachelor Online Bachelor's in Accounting
100% online, ACBSP accredited, Application Fees Waived!
Website
Concordia University - Saint Paul Bachelor Online Bachelor’s in Accounting
Students can prepare for the certified public accountant (CPA) and certified management accountant (CMA) exams.
Website
Ohio University Master Online Master of Accountancy
GRE/GMAT Not Required. AACSB Accredited.
Website
Seton Hall University Master Online Master of Science in Accounting
AACSB Accredited. Can be completed in 18 months.
Website
Utica University Master Online Master of Accounting
Gain the knowledge and credits you need to sit for the CPA exam.
Website
Utica University Bachelor Online BBA in Accounting
Prepare for the Certified Public Accountant (CPA) credential.
Website
University of New Haven Bachelor Bachelor of Science in Accounting
Prepare for your CPA licensure exam
Website

Click to view more featured online accounting programs currently taking applications for 2022.

While the terms are often used interchangeably, the functions of a bookkeeper versus those of an accountant are distinct. Bookkeepers are typically responsible for keeping detailed records of the financial transactions for a business. While accountants are expected to establish and oversee systems the business can use to monitor its financial status and make strategic decisions. Both bookkeepers and accountants may work as company employees or as specialists hired to perform certain tasks.

Bookkeepers perform duties such as tracking the amounts and dates of payments that are owed to a company, issuing invoices, and recording when payments are received. These data entry tasks usually fall under the heading of accounts receivable.

Bookkeepers may also keep records of payments the company will owe. Usually this involves reviewing incoming invoices, collecting documentation to ensure the invoices are accurate, and making payments. These functions are collectively known as accounts payable.

+ Find online accounting programs that are currently accepting applicants

Another common role bookkeepers perform is executing employee payroll, which may include documenting hours worked by hourly employees, keeping records of salaries due to salaried employees, tracking employee benefits earned by both groups, and issuing payroll payments.

Finally, someone must ensure that the business has enough cash on hand to pay the obligations owed by the business during any given time period. In small businesses, this task may be assigned to the bookkeeper. In larger businesses this role is usually played by an accountant.

School Level Program Admissions
Methodist University Bachelor Online Bachelor's in Accounting
100% online, ACBSP accredited, Application Fees Waived!
Website
Concordia University - Saint Paul Bachelor Online Bachelor’s in Accounting
Students can prepare for the certified public accountant (CPA) and certified management accountant (CMA) exams.
Website
Ohio University Master Online Master of Accountancy
GRE/GMAT Not Required. AACSB Accredited.
Website
Seton Hall University Master Online Master of Science in Accounting
AACSB Accredited. Can be completed in 18 months.
Website
Utica University Master Online Master of Accounting
Gain the knowledge and credits you need to sit for the CPA exam.
Website

+ Find online accounting programs that are currently accepting applicants

School Level Program Admissions
Illinois College Bachelor Online BA in Accounting
100% online, study at your own pace.
Website
University of Delaware Master Online Master of Science in Accounting Practice
ACSB Accounting-accredited. Earn your degree in 12, 18 or 24 months.
Website
Point University Bachelor Bachelor of Science in Accounting
100% online accounting degree, concentration in forensics and fraud.
Website
University of New Haven Master Master of Science in Accounting
Graduates of the online MSA program also meet requirements to sit for the CPA exam in most states.
Website
University of West Florida Master Online Accountancy, M.Acc.
Approach the CPA exam with confidence.
Website
Georgetown University Master Online Master of Science in Finance
Part-Time and Full-Time Options.
Website
Seton Hall University Master Online MBA - Accounting
AACSB accredited.
Website
American University Master Online Master of Arts in Economics
Finish your degree in as few as 20 months.
Website
Norwich University Master Online Master of Accounting
15-21 Months to Complete, prepare for the CPA exam in most states.
Website

+ Find online accounting programs that are currently accepting applicants

How is accounting different from bookkeeping? Generally, accounting involves a higher level of strategic thinking and planning than bookkeeping.  For example, it is usually an accountant who is given the job of setting up the systems a business will use to monitor its financial transactions.

In keeping with these greater responsibilities, accountants are commonly expected to have more education than that required to earn a bookkeeping position. While a bookkeeper may find employment with no formal training, accountants are usually required to earn a degree in accounting. Many also have MBAs and may be certified as CPAs as well.

One of the most important roles for the accountant is creating and presenting reports that enable top executives to make financial decisions for the company. Typical accounting reports include balance statements, profit and loss statements, and cash flow reports. These reports are often derived from the work of bookkeepers, and sometimes include a series of complex adjustments made by the accountant.

In some situations, the accountant is charged with seeking opportunities to use the resources of the firm more efficiently. This often includes streamlining bookkeeping operations so they are not overly time consuming, and may even include regularly reviewing financial transactions to search for ways to cut spending. Some accountants also gain expertise as tax preparation specialists.

Finally, the accountant is expected to ensure that financial records are consistently accurate. In larger organizations, this usually involves overseeing the work of the bookkeeping staff. In almost every case, accountants are expected to implement measures to test the accuracy of bookkeeping records, to monitor the financial progress of the business, and to deter fraud.

Still Looking for an Accounting Degree or Other Information?

If you haven't found what you are looking for yet, consider some of these top pages, which are helpful for students looking for accounting programs.

Top Programs

Online Masters in Accounting Programs

Top States for Accounting Degrees