which difference in bookkeeping and accounting

Know The Difference Between Bookkeeping and Accounting

Accounting Vs. Bookkeeping, businesses use both these essential phases of accountancy, where bookkeeping helps to keep a track record of the cash flow. Accounting helps in analyzing and preparing a financial report of various transactions, essential for tax regulators, investors, management teams, etc. However, many times people misunderstand them as similar concepts. Confused? Both may…