What’s the Difference between Data Entry, Bookkeeping and Accounting? no image yet

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What’s the Difference between Data Entry, Bookkeeping and Accounting? no image yet

What kind of financial maintenance do you need for your business? There’s a common misconception that data entry, bookkeeping and accounting are similar disciplines but each position performs different duties (with some overlap).

The chart below identifies the different duties of these three roles.

Set-up 

set_up

Enter Transactions 

enter_transactions_

Checks, reconciliations and end of year processes

checks_reconciliations_and_end_of_year_processes

Payroll 

payroll

Other 

3

Legal, tax and management 

legal_tax_and_management_

The above chart is a generalisation of duties. There may be variations in regards to the functions performed (e.g. some accountants may offer bookkeeping services or some data-entry specialists may be qualified to perform a greater range of tasks).

Check out the wide array of financial specialties we can provide your business at The Bookkeeper Hub.  Please email Victoria at admin@bookkeeperhub.com.au for more information.

 

 

Photo credit: Storyblocks