Bookkeepers help businesses keep their finances on track by keeping tabs on different accounts, transactions, and reports. They collect, organize, and store the business's financial records, including cash flow statements, reconciliation statements, and profit and loss statements.

However, doing financing tasks yourself may do more harm than good. A bookkeeper can help a business owner manage day-to-day finances. These experts monitor cash flow from different accounts, bills and invoices and can organize your books to improve money management.

Accountants have higher salary and growth expectations than bookkeepers. To maximize earning potential and secure long-term job stability, it's worth pursuing a career as an accountant.