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Accounting and bookkeeping helps with your financial “health”, optimising revenue and expenses.
Accounting and bookkeeping are similar meanings. Accounting is a well-ordered system of gathering, analyzing and summarizing business and financial transactions. It is considered being the language of business. The main goal of accounting is providing a correct and valid picture of the financial reports to its users.
Bookkeeping is a process of recording the financial transactions of the company. It is a variety of accounting. The main difference between accounting and bookkeeping is that decisions cannot be made on the base of bookkeeping notes, however, accounting records can influence on decision making.