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What is the Difference between Accounting and Bookkeeping?

Difference between Accounting and Bookkeeping

In business, it is crucial to establish a vital bookkeeping and accounting system to prepare year-end or quarterly financial records. This financial discipline is more than just a compliance requirement; it allows businesses to evaluate their worth and make informed decisions for their future. Bookkeeping and accounting are two terms often used interchangeably, but they […]