Does bookkeeping or income tax preparation require a Certified Public Accountant (CPA) license? No, an individual does not need to be a Florida licensed CPA in order to perform bookkeeping services or the preparation of tax returns. References: Division of Certified Public Accounting – Enforcement.

Bookkeeping is definitely tedious since the bookkeeper needs to manage financial information both in digital and physical platforms, but the job becomes much more difficult if the person-in-charge is not cultivating healthy habits that allow them and their team to keep things organized.

Yes, a bookkeeper can prepare basic financial statements. These statements, such as the income statement and the balance sheet, are derived from the regular bookkeeping work they perform, like recording daily transactions and ensuring all financial data is accurate and current.

Bookkeepers and accountants sometimes do the same work, but have a different skill set. In general, a bookkeeper's role is to record transactions and keep you financially organized, while accountants provide consultation, analysis, and are more qualified to advise on tax matters.