Bookkeeping and accounting are two separate things, but they work together. You should understand the difference between bookkeeping and accounting to better understand how they overlap.
When you use the two together, you can improve your business’s profits. You will have better-organized books and informative financial statements. With these documents, you can track your business’s progress and spot problems before they become unmanageable.
Whether you do your own bookkeeping and accounting or outsource the tasks, you should still have a basic understanding of the two.
What does this infographic include?
This infographic explains the differences between bookkeeping and accounting. It also explains how they are linked to each other.
You will learn:
- the difference between bookkeeping and accounting tasks
- when you need to use a bookkeeper or an accountant
- how bookkeeping and accounting can benefit your small business
Check out this infographic to gain a better understanding of bookkeeping and accounting.
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