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.

If you run a smaller business and are comfortable managing your books, software that can help you organize your accounting by yourself. For larger companies or those who don't feel confident with bookkeeping, hiring an accountant can help keep your taxes, profits, and growth calculations running smoothly.