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How will we move into the new world?
With technological advances, some might say that bookkeepers and accountants will be obsolete. I disagree, while some bookkeepers will move on to other businesses, true bookkeepers and accountants will always be needed to understand and manage the technology and advances that society will move into. Accounting engineers will be a new industry altogether and fine tuning will be established like you have never seen!
Bookkeepers usually tend to the day to day books such as: bank reconciliation, income statements, balance sheets, ledgers, etc.
Accountants take care of the final statements. They usually have a CPA. they follow IFFR's and GAAP principles.
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Always make to sure to have your financials statements and business checked and secured periodically or perpetually (will discuss in other blog post) to make sure no mistakes are made and your bottom line is safe.