Tag Archives: #FinancialVsAccounting

Difference between book keeping and Accountancy?

Bookkeeping or Accountancy

Bookkeeping or Accountancy   Bookkeeping or Accountancy: Yes, bookkeeping is a fundamental part of accounting. It involves recording and organizing financial transactions, maintaining financial records, and ensuring accuracy and completeness of financial data. Bookkeeping provides the foundation for accounting processes such as preparing financial statements, analyzing financial performance, and facilitating tax compliance. In essence, bookkeeping is… Read More »

Do accountants do Bookkeeping?

Accountants and bookkeeping

    Accountants and Bookkeeping   Yes, accountants can perform bookkeeping tasks as part of their broader responsibilities. While bookkeeping is typically considered a separate role within the accounting function, many accountant have the skills and knowledge to handle bookkeeping tasks effectively. Accountant may choose to perform bookkeeping duties themselves, especially in smaller businesses or as part of… Read More »