A Guide for Accountants and Bookkeepers: How Bookkeeping Differs from Accounting
Bookkeeping and accounting are both important financial processes that businesses need to undertake to keep track of their finances. While the terms are often used interchangeably, there are some key differences between bookkeeping and accounting services. Bookkeeping is the process of recording the day-to-day financial transactions of a business. This includes tasks such as recording…