Day: May 15, 2012

  • Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care

    Financial Consultants: Bookkeeping vs. Accounting: Why You Should Care

    What is Bookkeeping? Bookkeeping is the recording of daily transactions that cyclically follow a defined process. Bookkeeping breaks down into parts such as Accounts Payable, Accounts Receivable, and Payroll. Think of bookkeeping as the foundation of your financial data. What is Accounting? Accounting is the setting up of the Bookkeeping system, monitoring the system that […]