Tag Archives: #ExpenseExplorer

Q10.20 Comparing bookkeeping and accounting: Is bookkeeping and accounting the same thing ?

Comparing bookkeeping and accounting

Comparing bookkeeping and accounting Website link   Comparing bookkeeping and accounting No, bookkeeping and accounting are distinct entities, albeit closely intertwined. Bookkeeping is a subset of accounting and refers to the systematic process of recording, organizing, and maintaining financial transactions of a business. It involves tasks such as recording transactions in journals, posting entries to… Read More »

Q10.19 Bookkeeping and accounting relationship: Is book keeping accounting ?

Bookkeeping and accounting relationship

Bookkeeping and accounting relationship Website link Bookkeeping and accounting relationship Bookkeeping, which is an integral component of accounting, is regarded as an essential element within the broader accounting framework. While bookkeeping and accounting are related, they serve different functions within the financial management of a business. Bookkeeping involves the systematic recording, organizing, and summarizing of… Read More »

Who does Bookkeeping?

Editorial Responsibilities

Bookkeepers    Bookkeepers tasks are typically perform by bookkeepers. A book-keeper is responsible for recording and maintaining the financial transactions of a business. They ensure that all financial records are accurate, complete, and organize. Book-keepers handle tasks such as recording daily transactions, maintaining general ledgers, reconciling bank statements, managing accounts payable and accounts receivable, preparing… Read More »