Monthly Archives June 2016

Bookkeeping vs. Accounting: What’s the Difference

  The biggest difference between accounting and bookkeeping is that accounting involves interpreting and analyzing data and bookkeeping does not.  Listed below are a few more major differences: Bookkeeping Is… Accounting Is… Keeping proper records of financial transactions of a business in chronological order Recording, measuring, grouping, summarizing, evaluating and reporting transactions of a business in monetary terms. A subset of
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