269-342-0211 | 5659 W. Michigan Ave Kalamazoo, MI 49009

    Understanding The Differences: CPA, Accountant, Bookkeeper.

    While a CPA, accountants, and bookkeepers can all help your business’s financial operations run smoother than it may without professional assistance there are many differences between what each role entails and what they do to help your business.

    Bookkeepers: Recording the Data

    A bookkeeper’s primary duties include so called “transactional” or day-to-day financial operations;

    Things like recording transactions, managing accounts payable and accounts receivable and payroll are all examples of what a bookkeeper may do. Typically, bookkeepers utilize software, like Quickbooks, to organize and keep track of the data. 

    Accountants: Interpreting the Data

    Accountant, on the other hand, usually use the data generated by a bookkeeper to generate financial statements and reports regarding the overall state of a business’s finances. Many accountants also preform tasks that a bookkeeper does but in addition an accountant is responsible for creating;

    income statements, balance sheets, additional financial reports, strategic planning and audits.

    Certified Public Accountants (CPA)

    Certified Public Accountants is an accountant and provides similar services as any other accountant; however, they also posses a state license that certifies them to prepare financial statements for publicly traded companies.

    A company that is publicly traded, a company that sells stocks, are required to have a Certified Public Accountant create and review financial statements for the shareholders so they have an accurate report of the company’s financial situation.

    The costs and time associated with obtaining such certifications are often reflected in the higher costs CPA’s charge for their services and the fact that larger companies are required to have them in order to publicly sell shares of their company.

    Services Lockwood Offers

    Accounting

    Lockwood offers accounting services for small businesses and independent contractors so you don’t have to worry about taking care of your books.

    Tax Preparation

    Lockwood's been providing tax preparation services for individuals, families and small businesses for decades. See how we can help with tax preparing and filing.

    Financial Advising

    Get assistance planning and maintaining your investments, retirement savings accounts, education savings accountants and financial planning.

    About Lockwood

    Lockwood offers accounting, bookkeeping, and tax preparation services for individuals, independent contractors and small businesses.

    Serving West Michigan with offices in Kalamazoo.

    Why Choose Lockwood

    Experience

    We've been providing affordable accounting and bookkeeping services for decades.

    Professionalism

    Lockwood takes pride in providing professional and dependable services for small business owners.

    Local

    Serving the greater West Michigan community. A Kalamazoo Accounting firm located at 5659 W. Michigan Ave. Kalamazoo, MI 49009.

    Get More Information & Schedule A Meeting

    Give us a call or use the contact form below to get in touch with us.

    Kalamazoo Accounting Lockwood Map
    Kalamazoo Accounting Lockwood Map