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Differences between: bookkeeper, CPA, accountant, tax preparer, controller, CFO (job + salary) 

FinePoints
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Differences between: bookkeeper, CPA, accountant, tax preparer, controller, CFO -- all of these financial jobs often get confused. In this video I break down the job description of each one (CPA vs. accountant, etc.) and let you know their salary range.
What does a bookkeeper do? • WHAT DOES A BOOKKEEPER...
How I work with accountants: • How bookkeepers & acco...
Bookkeeper vs Accountant • Difference between a b...
Should you prepare taxes as a bookkeeper? • 8 reasons to add TAX P...
What does a tax preparer do? • What does a tax prepar...
How to become a tax preparer, step by step • How to become a tax pr...
Questions from my accountant: • YEAR-END bookkeeping t...
Salary Links:
Tax Preparer: www.salary.com...
CPA: www.accounting...
Accountant: money.usnews.c...
Controller: www.salary.com...
CFO: www.salary.com...
My website: www.finepoints...
☑️My favorite bookkeeper training (affiliate links)
💜Bookkeeper Launch free series: sk293.isrefer....
💜Bookkeeper Launch FAQs: sk293.isrefer....
💜Bookkeeper Launch checkout: sk293.isrefer....
☑️Classes taught by me
🟢How to start your business in 30 days (Bookkeeper Business Coach): finepoints.new...
🟢How to get clients (Bookkeeper Marketing Coach): finepoints.new...
☑️Free stuff
➡Is bookkeeping right for me? (free masterclass): finepoints.new...
➡How I got my first 3 CLIENTS (free masterclass): finepoints.new...
➡Start a bookkeeping business (free checklist) finepoints.new...
➡LEARN bookkeeping (my favorite training options): finepoints.new...
➡Where to start bookkeeping (chart): finepoints.new...
➡Tax Biz (free intro class on taxes): sk293.isrefer....
➡More freebies on my website: www.finepoints...
➡ Please SUBSCRIBE! / @finepointsbookkeeping
☑️Pass the ProAdvisor Test: Fast and Easy QBO (affiliate links)
For Basic (code "finepoints" for discount): www.fastandeas...
For Advanced (code "finepoints" for discount): www.fastandeas...
☑️Other awesome classes (affiliate links)
Booming Bookkeeping: www.boomingboo...
Nerd Enterprises: www.nerdenterp...
5 Minute Bookkeeping: courses.5mbaca...
▶My Bookkeeping Tech Tools: www.finepoints...
▶ Videos to get started bookkeeping:
Learn bookkeeping: • 10 ways to LEARN bookk...
Bookkeeper certification for FREE: • FREE ProAdvisor certif...
How to become a bookkeeper (with chart): • How to become a BOOKKE...
How to get clients: • 20 ways to get bookkee...
What does a bookkeeper do? • WHAT DOES A BOOKKEEPER...
Day in the life playlist: • "Day in the life" of a...
Bookkeeper Launch video: • 10 FIRST IMPRESSIONS o...
Client onboarding: • One Client, START TO F...
How much to charge: • HOW MUCH to charge as ...
Services to offer: • BEGINNER services to o...
▶ More videos you'll like:
Big, medium & small clients: • CLIENT EXAMPLES: Small...
Niches playlist: • Niches for bookkeepers
Before you start: • Bookkeepers: 7 THINGS ...
Impostor syndrome for bookkeepers: • How to overcome IMPOST...
10 reasons to start bookkeeping: • WHY START BOOKKEEPING?
How to clean up a client's books: • How to do a "CLEAN-UP"...
#bookkeeper #finepoints #bookkeeping

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27 сен 2024

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Комментарии : 53   
@JonesDi77
@JonesDi77 Год назад
This is an awesome explanation. I have a Masters in accounting and finance, and consider myself an accountant, although I don’t have the CPA certifications, because my goal was to work in the private sector, rather than the public sector. A lot of bookkeepers actually do the work of an accountant, so, that is where those roles get into a grey area.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Yes, that make sense--thanks for sharing! So true about that grey area.
@markkile8215
@markkile8215 Год назад
You are not an accountant unless you pass the uniform CPA exam
@juliacarter1280
@juliacarter1280 Год назад
I am currently an accounting student but I'm looking to start a bookkeeping business in the meantime.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Love this!
@szim5551
@szim5551 Год назад
Nothing wrong being called a bookkeeper. If someone feels insulted by their job title perhaps they need to find a different job.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
True, good point! I'm happy to be a bookkeeper. :)
@RchrzParadox
@RchrzParadox Год назад
Only thing to watch out for is that most states do not allow you to hold yourself out as an “accountant” unless you are a CPA.
@carlhammill5774
@carlhammill5774 Год назад
I have accounting degree & worked in Corp Accounting. I never sat for CPA. We were considered by everyone as Accountants. CPAs are often referred to as CPA
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Thanks for sharing! Krista (FinePoints Admin)
@an237251
@an237251 Год назад
I would never call a bookkeeper an accountant because an accountant will usually have broader knowledge on financial accounting, cost accounting, auditing, tax planning, bookkeeping, and how structure a business or series of businesses and many other financial expertise. Bookkeepers usually just know how to categorize items and reconcile accounts.
@theresacalderon6698
@theresacalderon6698 Год назад
For a bookkeer to say they are Accountants because they don't like their title is nonsense. If you want to be an accountant go and get a bachelor's degree which requires 5 years of grueling studies. The course is tough and not many graduate from the school of accountancy. Check the statistics and you will read of the difficulties students have in that field.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Yes, lots of hard work for the title!
@rufast69
@rufast69 8 месяцев назад
I am surprised that an Enrolled Agent wasn't mentioned at all.
@theresacalderon6698
@theresacalderon6698 Год назад
The major difference between a bookkeer an Accountant and a CPA is education. A bookkeer requires no formal education only experience, an Accountant requires formal we education and experience and a CPA needs both plus a national license.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Love this description--so concise!
@baileamiller862
@baileamiller862 Год назад
Could you do a video about the daily vs. weekly vs. monthly task that you need to do as a bookkeeper? I've watched almost all of your videos but I'm so confused on this point. Do you do an hour a day for each client or bookkeep for a specific client on a specific day?
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hi Bailea! I will let Morgan know this is something you are interested in! Thanks for watching! Krista (FinePoints Admin)
@harveypolanski755
@harveypolanski755 Год назад
You no longer have to have a certification to be a tax preparer. The courts struck down the ability of the IRS to regulate preparers. You do however need to be licensed to represent a taxpayer in an IRS audit. The easiest way to do this is to get your Enrolled Agent certification. But CPA's and Attorneys can also represent taxpayers.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Thank you for sharing your knowledge on this! Krista (FinePoints Assistant)
@gauravnigam7731
@gauravnigam7731 Год назад
Harvey, how is future for EA? One of my friend suggested me this. Who needs them, is it a future safed profession?
@harveypolanski755
@harveypolanski755 Год назад
​@@gauravnigam7731 Right now the demand for tax professionals is high. An EA certification would be useful to show an employer that you know at least the basics of taxation. Also, if you want to represent clients before the IRS it would also be useful. As audit rates will be increasing as the IRS uses the funds congress apportioned it in the Inflation Adjustment Act to hire new agents.
@rickeyhughes1784
@rickeyhughes1784 Год назад
I think you have explained well, in your most recent video, about bookkeeping and accounting. I have been to two business schools, majored in Accounting in both those schools, and graduated from both those schools. And, I also enrolled in a Bookkeeping and Accounting class, wherein one can either get a job in Bookkeeping and Accounting, or start their own business therein. And, upon completion of the class I took, I started my own Bookkeeping and Accounting business at home. So far, I have no college degree; however, all I have gotten were certificates and a diploma. Also, so far, I have worked for two clients, and have one potential client. Although I am self-employed in this business, and have no college degree, do you think I am in the right business when it has to do with what I am doing? My desire is to do my business well without it being a scam to anyone; and at this moment, I am considering doing bookkeeping and accounting for small/minority businesses, although I have a small business, in this sort of work, at home. Please let me know what you think. I look forward to hearing your response. Thank you, so much, for your time and consideration.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hi Rickey! It sounds like you have some good background, and are taking all of the right steps! I think if you're desire is to have your own bookkeeping business, you can definitely do it! Krista (FinePoints Assistant)
@rickeyhughes1784
@rickeyhughes1784 Год назад
@@FinePointsBookkeeping Thank you.
@darrenc.8663
@darrenc.8663 Год назад
Hey, great video. Thx What job title Contains ratio analysis? While this isn’t overall strategy like a CFO, there’s a lot of strategic advice provided. Do you have a video on that? Thx again
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hi Darren! Morgan does not currently have a video on that, but I'll let her know it's something you're interested in learning more about. Thank you! Krista (FinePoints Admin)
@elizabethjuracko1253
@elizabethjuracko1253 Год назад
I'm skeptical that you can charge as high as you want for bookkeeping and get it. I imagine there's competition and I imagine being a client, I'd be shopping around looking for the best bargain, not so much top dollar.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hi Elizabeth! Yes, it will also depend a bit on where you live. There are definitely things that will need to be factored into you setting your price. Krista (FinePoints Admin)
@rachelmiramontes4061
@rachelmiramontes4061 Год назад
Hi. Im extremely interested in becoming a bookkeeper. I've been doing A/R & A/P for a construction company for the past 8 years. Is that enough experience to get started? Also, im really glad I found your channel. Love the content
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Yeah, I think that's great experience to get you going. I have this chart that helps you along depending on where you're at: Chart: where to start bookkeeping? finepoints.newzenler.com/f/decision-tree-chart
@rachelmiramontes4061
@rachelmiramontes4061 Год назад
@@FinePointsBookkeeping awesome. I also purchased your course. Barely going through the first week.
@universealchemy
@universealchemy Год назад
Is there any free legit certificates to get a bookkeeper job?
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hey! Morgan recommends that free ProAdvisor training and certificate through QBO. Here is a video where she explains more about it! (ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xKcCrN5Sn-E.html) Krista (FinePoints Admin)
@SoulLove-mu3sf
@SoulLove-mu3sf Год назад
Is there a benefit to becoming a certified book keeper
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
It depends on who you ask. It can be good to gain experience and put on your resume. But, none of my bookkeeping clients have asked about my certification (as they usually don't understand the options).
@markkile8215
@markkile8215 Год назад
I am a Texas CPA, in Tx you cannot use the term accountant, auditor or accounting in your name Unless you are a real CPA, those terms are reserved exclusively for CPAs, the Texas State Board of Public Accountancy can and will file suit on you if you are not a CPA and use any of those terms in your name.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Thank you for sharing! Krista (FinePoints Assistant)
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
I have heard this! I think it varies state to state. From, Morgan
@markwilliams3068
@markwilliams3068 Год назад
Controllers and CFOs do not have to be CPAs. Many do, but advanced degrees are common in this space in lieu of a CPA. It really depends on the company and industry. And you touched on it but location will have a huge impact on salary. I am in the DC area which is a high cost of living area. The exact same job in the south or Midwest could be 40% less than what I make here. Great summary of the differences though.
@samuelrobinson2612
@samuelrobinson2612 Год назад
I agree. Especially in smaller businesses, the controller could be a person who handles AP/AR, bookkeeping, HR, and a myriad of responsibilities, including having people under you. It's kind of like a bridge between bookkeeper and CFO that may or may not require CPA education/certification. In larger companies they can be interim managers between CFO's and CPA's/bookkeepers. That's been my experience.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Good to know, thanks for the distinctions. Controller, for me, is one of the more abstract jobs that I don't have quite a grasp on. Yes, good point on location--you're right, that makes a huge difference.
@theresacalderon6698
@theresacalderon6698 Год назад
There is no CPA/Bookkeer. These words are not interchangable.
@samuelrobinson2612
@samuelrobinson2612 Год назад
@@theresacalderon6698 read it as “CPA’s or bookkeepers”.
@SuperGreatSphinx
@SuperGreatSphinx Год назад
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook-that is, petty cash book, suppliers ledger, customer ledger, etc.-and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper. The bookkeeper brings the books to the trial balance stage, from which an accountant may prepare financial reports for the organisation, such as the income statement and balance sheet.
@LaToshaSLawrence
@LaToshaSLawrence Год назад
As an Accountant with the designated graduate degree, I have earned the right by education to call myself Accountant. With the degree advancing to Controller is a perk of having my degree, I have not yet passed the CPA exam but soon one day to come. The CPA allows you to sign off on audits, speak to the IRS on behalf of the client (same as an EA for taxes) and so much more. As an Accountant I am limited. A bookkeeper does not have the education nor allow for the growth within an organization's accounting dept. Without the education you will remain as a staff level (in large companies). Bookkeepers can work for themselves.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Thank you for sharing your experience with the differences between Bookkeeping and Accounting! Krista (FinePoints Admin)
@gauravnigam7731
@gauravnigam7731 Год назад
La tosha, what do you think about future of bookkeepers/accountants in the era of AI? Will they be replaced with software ? And what are positions in this field that won't be replaced ?
@nospm1244
@nospm1244 Год назад
Not to be picky, but not all bookkeepers are accountants. The way I see it is that the term accountant is being used once someone has a 3-4 year degree, but not necessarily completed the CPA. Furthermore, there are generally three streams for CPAs: auditing, tax specialists and general accountants which do a little bit of everything. If you are doing this with the intention to work for a bigger company and make decent salary, CPA and either audit or tax specialization is the way to go. For your own small business you will do very well doing bookkeeping and or taxes preparation. It is also interesting that CPA stands for Chartered Professional Accountant in Canada. Cheers.
@FinePointsBookkeeping
@FinePointsBookkeeping Год назад
Hi! Great, points, thanks for the clarification. I love how you described the three types of CPAs!
@christiangrijalva7954
@christiangrijalva7954 Год назад
A financial controller does not need a cpa
@PromoCodeLady
@PromoCodeLady 6 месяцев назад
Your hair color and style in this video is very nice.
@Vanlife24
@Vanlife24 Год назад
Love you ❤️😘 thanks for information 💞
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