Bookkeeping vs. Accounting: A Small Business Guide to the Differences
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.
Original Article Source Credits: The Blueprint - The Motley Fool, https://www.fool.com/the-blueprint
Article Written By: Mary Girsch-Bock
Original Article Posted on: December 9, 2020
Link to Original Article: https://www.fool.com/the-blueprint/bookkeeping-vs-accounting/