Substantive editing
(sometimes called structural or content editing) aims to ensure that
the structure, content, language, style and presentation of the document
are suitable for its intended purpose and readership.
Copyediting
aims to achieve accuracy, clarity and consistency in a document. It
does not involve significant rewriting, providing a single authorial
voice, or tailoring text to a specific audience—these belong to a
substantive edit.
Proofreading
(usually called this, but, more accurately, known as verification
editing) involves checking that the document is ready to be published.
It includes making sure that all elements of the document are included
and in the proper order, all amendments have been inserted, the house or
other set style has been followed, and all spelling or punctuation
errors have been deleted.
All of these levels of edit are essential in producing a high-quality
publication, whether on paper or online. They are performed at
different times in the publication process, and are not necessarily
performed only once.
There is usually some overlap between the three levels and an editor
hired to do a copyedit is quite likely to also perform some of the tasks
usually associated with a substantive edit.