What is the difference between accounting and bookkeeping?!?

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654Y Corriveau _15Many folks incur dramatically high costs, using an accountant for the full scope of their business needs.

When they share their data with an accounting firm, a junior bookkeeper within that firm records the day-to-day transactions of the business.

The accountant only enters the scene to compile the year-end totals generated by the bookkeeper, and completes the annual tax return.

A typical charge-out rate for bookkeeping work undertaken within an accounting office could start at upwards of $100 per hour.

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