Bookkeeping vs. Accounting: Differences and When to Use What

Book-Keeping-Accounting-Services

Bookkeeping and Accounting, both being closely connected are often used interchangeably. While this is fine for a layperson, someone who uses the services of accounting professionals should be aware of the difference. It must be remembered that both are entirely separate functions. While bookkeeping merely concerns itself with recording monetary transactions in a systematic way, … Read more