Some people think that the work of professional accountants consists primarily of bookkeeping. Actually, it doesn’t. In fact, many professional accountants do little or no bookkeeping.
Bookkeeping is the clerical side of accounting—the recording of routine transactions and day-to-day record keeping. Today such tasks are performed primarily by computers and skilled clerical personnel, not by accountants.
Professional accountants are involved more with the interpretation and use of accounting information than with its actual preparation. Their work includes evaluating the efficiency of operations, resolving complex financial reporting issues, forecasting the results of future operations, auditing, tax planning, and designing efficient accounting systems.