What is accounting and bookkeeping ?
Watch my short video presentation about accounting and bookkeeping.
Accounting is the art of analyzing, recording, summarizing, reporting, reviewing, and interpreting financial information.
Bookkeeping is one of the components of accounting. Think of accounting as the mom and bookkeeping as one of her children. Bookkeeping is the process of recording and classifying business or personal financial transactions into a usable form that provides financial information about a business or individual.