The Difference Between Accounting and Bookkeeping
When it comes to running a small business, there are a lot of different moving parts. And one area that is often misunderstood is the difference between accounting and bookkeeping. To put it simply, bookkeeping is a way of recording all the financial transactions of your business, whereas accounting is the process of interpreting, classifying, and summarizing those transactions to give you an overview of your financial health.
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