Hire a bookkeeper when you need:

– Daily transaction recording

– Bank reconciliation

– Accounts payable/receivable management

– Payroll processing

– Monthly financial statements

– General financial organization

Hire a CPA when you need:

– Tax preparation and filing

– Tax planning and strategy

– IRS audit representation

– Financial statement audits

– Complex financial advice

– Business formation guidance

– Strategic financial planning

Best approach: Many businesses use both—a bookkeeper for day-to-day tasks and a CPA for taxes and strategic advice. They work together to provide complete financial management.

Cost difference: Bookkeepers typically charge $30-$100/hour or $300-$2,000/month. CPAs charge $150-$400/hour or project-based fees for tax returns.