Unless you have actually completed an accounting course or bookkeeping courses, or know someone who has, chances are you’re unsure about the differences between them. Both lines of work are related to the flow of money (through a business, for example) and both types of professionals use ledgers and other similar tools. However, whilst accounting and bookkeeping may seem similar, they are in fact very different types of jobs.
Whilst both job descriptions deal with accounting records, each interacts with these records in a different way. Bookkeeping courses prepare an individual to manage, create and update accounting records. Bookkeeping coursestrain students in the initial stages of the accounting processes. Some may therefore see bookkeeping as slightly limited, however it does provide the initial information on the business. An accounting course would provide a graduate with a broader understanding of accounting practises.
Bookkeeping courses prepare a student for mainly clerical work that results in mainly preliminary information that is interpreted and expanded upon by accountants. An accounting course prepares students for technical work that becomes a vital part of the business. It is impossible for any modern business to run efficiently without appropriate accounting practices in place.
Bookkeeping courses can prepare you for a career in any business. Many businesses (especially smaller businesses) use in-house bookkeepers to maintain accounting records of business transactions. This is a vital role that will always need to be filled. However, if you’re invested in a career in accounting, an accounting course (whilst more challenging) has the potential to prepare you for a fast paced career. An accounting course can be used in many different professions and can serve as an excellent base for an aspiring entrepreneur.
A course in either accounting or bookkeeping can be an incredibly beneficial source of professional skills and knowledge. Whether you’re looking for a career in accounting or bookkeeping, or simply interested in adding extra value to your CV, these courses are a great place to start!