Bookkeeping vs Accounting

Information sharing and discussion for the public over the related matters on Accounting and Bookkeeping

So really what is the difference between Accounting and Bookkeeping? It is confusing mainly because Bookkeeping is the foundation of Accounting and it takes up more than 70 percent of the accounting work. To put it simple, Bookkeeping is a systematic financial data entry process for a business or an entity. And add that to compiling, reporting, analyzing and summarizing process of those data, you will get Accounting.

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