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Differences between a bookkeeper and a CPA and when to use which

publication date: Aug 1, 2018
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Our expectations as farmers are way out of whack. We wear a dozen different hats in a single day: tractor mechanic, HR professional, educator, parent and so many more. Why are we asking ourselves to be our own financial advisors too? The most common message is that, with a bit of focus during the off season, a few tweaks to our daily routine, and a three-hour workshop we will be an expert in QuickBooks and able to set up and run our business’ financial recordkeeping with ease. This is simply not true for most business owners.

In the previous two articles of this series, I have advocated that farmers work with professional advisors to help manage the financial aspects of their operations. It’s no different than your relationship with a farming mentor or your region’s university extension agent. In the May 2018 GFM I discussed the role of a Certified Public Accountant (CPA) in the success of your business and how to find the right person for the job. I only briefly mentioned a different type of financial professional, the bookkeeper.

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