Unraveling the Harmonious Difference between Bookkeeping and Accounting

Financial management is crucial in business operations, with two essential roles: bookkeeping and accounting. Although often used interchangeably, these roles have distinct characteristics that contribute uniquely to a business’s financial performance. Bookkeeping Bookkeeping is the foundational practice of systematically recording daily financial transactions. It involves capturing vital data such as sales, purchases, receipts, and payments. […]