Episode 50: What should you look for in a bookkeeper, accountant, or CPA?

Balancing your books is definitely a challenge, and we always recommend consulting with a professional to ensure it's done right! We're breaking down the differences between a bookkeeper, accountant, CPA (Certified Public Accountant), and EA (Enrolled Agent), and giving you our recommendations on traits you should look for when choosing a financial professional for your business. Episode Highlights What is an accountant? Accountants typically hold an accounting degree and have several years in the accounting field. They are not required to be credentialed (like hold a CPA license) but they can be. There are many types of accountants, such as CPAs, EAs, and Specialty Accountants. CPAs (Certified Public Accountant) have passed a 4-part exam and hold a license from the Board of Accountancy. EAs (Enrolled Agent) have passed a 3-part test and have a licensed that is issued by the IRS that specializes them in working with taxes and representation. What is a bookkeeper? Bookkeepers can have a certification in bookkeeping, but it isn’t always necessary, and they’re typically very skilled in balancing books and running payroll. Bookkeepers do not handle any taxes or IRS notices or audits. What characteristics should you look for in your accounting professional? Familiar with your industry Familiar with your business size Experience Attentive & Responsive Focused on your business needs Links & Resources GreenOak Accounting Therapy For Your Money Podcast