The duties of an accountant as compared to a bookkeeper are more specialized and strategic.  Accountants organize and analyze the financial records kept by a bookkeeper to produce additional financial reports and to ensure compliance with government laws and regulations.  The additional documents, including balance statements, profit and loss, and cash flow statements, help to provide a clear picture of the firm’s financial status.  Evaluation of these statements enables an accountant to make recommendations about how to optimize a firm’s resources and reduce costs.  Accountants may also prepare taxes for a firm, determine the taxes owed, and ensure the taxes are paid.   Accountants are required to have a bachelor’s degree.

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