A bookkeeper manages the daily financial activity of a business—recording expenses, paying bills, issuing invoices, collecting payments, processing payroll, and submitting CRA remittances and WCB premiums. An accountant takes that organized information and analyzes it to help the business owner make strategic decisions, identify tax-saving opportunities, and plan for growth.
Because accountants typically charge a higher hourly rate, it’s cost-effective to rely on a bookkeeper for ongoing day-to-day financial tasks, while using an accountant for year-end reporting and advanced financial planning. Together, their collaboration ensures accurate records and provides the insights needed for smart, timely business decisions.
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