What is the difference between bookkeeping and accounting?

When most people think about bookkeeping and accounting, they would be hard-pressed to describe the differences between each process. While bookkeepers and accountants share common goals, they support your business in different stages of the financial cycle. read more

The Difference between Bookkeeping and Accounting Every business and not-for-profit entity needs a reliable bookkeeping system based on established accounting principles. Keep in mind that accounting is a much broader term than bookkeeping. read more

Bookkeeping is responsible for the recording of financial transactions. Accounting is responsible for interpreting, classifying, analyzing, reporting and summarizing financial data. The biggest difference between accounting and bookkeeping is that accounting involves interpreting and analyzing data and bookkeeping does not. read more

• Categorized under Accounting,Business | Difference Between Accounting and Bookkeeping Accounting and bookkeeping are both financial tools used for the recording of business transactions. There are slight differences between accounting and bookkeeping and they are mainly some technical differences. read more