0355: Bookkeeper, Accountant, And CPA For Contractors - Understanding Roles

<h1 style="text-align: center;"><span style= "color: #0000ff;"><strong>This Podcast Is Episode Number 0355, And It's About Bookkeeper, Accountant, And CPA For Contractors - Understanding Roles</strong></span></h1> <div>The tax season is here. This is when most construction company owners think about getting their construction bookkeeping system in order, so they can file their annual tax return for the previous year.</div> <div> </div> <div>Keep in mind that each branch of accounting serves a different function similar to how it works in construction. There are framers, rough carpenters, and finish carpenters, and all three works with lumber, yet in most cases, the <span style= "font-size: 12.76px;">skill sets</span> to do everything are rarely found in the same person.</div> <div> </div> <div>If you're like many construction business owners, you may not be exactly sure of the differences between a construction bookkeeper, a construction accountant, and a Certified Public Accountant (CPA)  - and whether you should hire one, or all.</div> <div> </div> <div> <div>An established, growth-focused construction company will employ the services of both an accountant and bookkeeper. The two professionals work in tandem to ensure business financials are up to date and accurate, and the financial health of the company is carefully monitored.</div> <div> </div> <div>If you're still in the early days of your business, you might choose to do the bookkeeping yourself, or hire a bookkeeper for a couple of hours a month until it makes sense to bring someone on full time. An accountant, however, should be a key player on your team from day one.</div> <div> </div> <div style="text-align: center;"><strong>Three Skill Sets = Three Types Of People</strong></div> <div> </div> <div><span style= "color: #0600ff;"><strong>Bookkeeper</strong></span></div> <div> </div> <div>The primary role of a bookkeeper is to handle a company's day to day financial management. A bookkeeper will take care of the small but essential details that are essent