Bookkeeping vs. Accounting: Differences and When to Use Each One
Fundera
FEBRUARY 22, 2019
The Difference Between Bookkeeping vs. Accounting. Bookkeeping is managing the day-to-day financial transactions of the business—updating spreadsheets, reconciling bank statements, and processing payroll. Accounting is more about financial supervision: Taking the documents prepared by bookkeepers and using them to think strategically about the company’s financial health and growth.
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