Small businesses need to ask important questions, such as ‘What is the difference between bookkeeping and accounting?’ The bottom line is both are needed to corral financial records and understand them. Critical financial decisions get made based on the different approaches. And the results from accounting and bookkeeping efforts blend together to make your business more efficient.
Bookkeeping Vs. Accounting
Bookkeepers handle recording and maintaining financial information. Recording daily transactions is part of what the bookkeeping team does. They handle the day-to-day business activities.
