Bookkeeping and accounting.
What is bookkeeping?
Bookkeeping is the process of recording all financial transactions made by a business. Bookkeepers are responsible for recording, classifying, and organizing every financial transaction made through the course of business operations. It’s important to know that bookkeeping differs from accounting.
What is accounting?
The accounting process uses the records (books) kept by the bookkeeper to prepare the end of the year accounting statements and accounts.
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