[Series] What Every Entrepreneur Needs to Know About Accounting – Bookkeeping Basics

Accounting Basics

 

What’s The Difference Between Accounting and Bookkeeping?

It is a common misconception that bookkeeping and accounting are the same things. While they both have to do with finances, one function of an accountant’s job is providing reports based on findings from work done by a bookkeeper.

One of the many tasks a business accountant is responsible for, bookkeeping, requires taking detailed notes on how money flows in and out. Understanding these transactions allows accountants to make sound financial decisions that will positively affect their company’s future.

 

[Series] What Every Entrepreneur Needs to Know About Accounting – Bookkeeping Basics
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