Tag Archives: #NumbersGameStrong

Q10.22 Businesses requiring bookkeeping services: Who needs bookkeeping services ?

Businesses requiring bookkeeping services Website link Businesses requiring bookkeeping services Bookkeeping services are essential for various types of businesses, regardless of their size or industry. Any business that engages in financial transactions, maintains records of income and expenses, and needs to track its financial health can benefit from bookkeeping services. This includes: Small businesses: Small… Read More »

Where book keeping ends accountancy begins?

Bookkeepings and Accountancy   Bookkeepings and accountancy are closely related disciplines that work together to manage a business’s financial records and provide valuable insights for decision-making. While bookkeeping focuses on recording and organizing financial transactions, accountancy goes beyond that to analyze and interpret the financial data. Here’s where the transition from bookkeeping to accountancy occurs:… Read More »

Q10.16 Bookkeeping vs accounts payable: What is the difference between bookkeeping and accounts payable ?

Bookkeeping vs accounts payable Website link Bookkeeping vs accounts payable: Bookkeeping vs accounts payable are interconnected yet separate components of financial management within a company. Here are the differences between bookkeeping and accounts payable: Bookkeeping: Bookkeeping is the process of recording and organizing financial transactions in an organized and systematic manner. It involves tasks such… Read More »