The accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Bookkeeping is the process of recording financial transactions. Recording financial transactions is the first part of and the foundation of the accounting process. Bookkeepers handle the recording part of the accounting process. Accountants handle all parts of the accounting process.
6 Major Differences Between Virtual Bookkeeping And Online Accounting Services
July 20, 2021
For many taxpayers, bookkeeping and accounting services may appear synonymous. However, the financial roles differ in a few ways, including their day-to-day duties and the overall experience required for each position. They often work in conjunction yet fulfill separate duties.
