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List Of Bookkeeping Accounting References . Web overall, the main difference between financial accountants and bookkeepers is that bookkeepers focus on maintaining accurate financial records, while accountants focus on using financial data to help with business decisions, strategic guidance and insights. Keeping the books is just one of the tasks modern bookkeepers might handle. Advanced Bookkeeping and Accounting for Small Business The City from www.ccny.cuny.edu Depending on the type of accounting system used by the business, each financial transaction is recorded based on supporting documentation. While bookkeepers used to keep track of this information in physical books, much of the process is now done on digital software. Purchases sales receipts payments investments read more: