Bookkeeping vs. Accounting: A Small Business Guide to the Differences

Author: External Author | | Categories: Accounting , Bookkeeping

Blog by Your Choice Accountants, LLC

Whether you sell baseball cards, baseballs, or tickets to a baseball game, your business still needs a bookkeeper or an accountant, or ideally, both.

Though bookkeeping and accounting are two terms frequently used interchangeably, they are different. A bookkeeper’s responsibilities are mainly transactional, gathering and entering financial transactions. By contrast, an accountant’s responsibilities are analytical and focus on financial performance, using that information to help you better manage your business.

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Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  NA

Original Article Posted on:   January 31, 2021

Link to Original Article:  https://www.fool.com/the-blueprint/bookkeeping-vs-accounting/



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