"A bookkeeper records the financial transactions of an organization and takes care of day-to-day functions such as recording sales and invoices, paying bills and processing payroll," Stephens said. "Accountants take the financial data and analyze it to help organizations make financial decisions."

Bookkeeping involves the recording, on a regular basis, of a company's financial transactions. With proper bookkeeping, companies are able to track all information on its books to make key operating, investing, and financing decisions. Bookkeepers are individuals who manage all financial data for companies.

Bill Von Fumetti, CPA - Booming Bookkeeping Business | LinkedIn.

The work requires attention to detail and a good method of keeping track of constantly fluctuating items, which leads most bookkeepers to adopt the double-entry method of accounting. Much of a bookkeeper's work involves not only the entering of information, but the review of information and the reconciling of accounts.