Bookkeeping vs. Accounting: A Small Business Guide to the Differences

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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.

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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/

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