Accountants & Bookkeepers perform distinctly different tasks. Bookkeepers are responsible for the day to day transactions and reporting which consist of:
-Compiling data daily
-Categorizing expenses
-Reviewing the accuracy of general ledger
-Reconciling bank accounts
-Generating financial statements (Profit & Loss, Cash Flow, Balance Sheets)
Accountants focus more on the tax side and use the accurate up-to-date reports created by the bookkeeper to provide advisory services, such as:
-Analyzing the company’s financial data
-Preparing and filing income tax returns
-Providing tax planning advice
Divine can perform a large array of reporting and data, such as:
Recording deposits
-Matching payments to accounts receivable, cashflow management
Expense management
-Categorization, A/P, A/R, Mileage tracking
Bill payment
-Online bill payment, document storage
Financial Reports
- Producing & reviewing financial statements from GL (i.e. Income Statement, Balance Sheet)