People often confuse bookkeeping with accounting, but they serve different purposes in your financial ecosystem.
Bookkeeping is the day-to-day recording of financial transactions—income, expenses, receipts, and payments. It ensures your records are accurate and up-to-date.
Accounting, on the other hand, involves interpreting and analysing this data. Accountants create financial statements, prepare tax returns, and offer strategic financial advice.
Here’s why both matter:
- Bookkeepers keep things organised.
- Accountants help you make informed decisions and save on taxes.
Together, they help ensure compliance, enable growth planning, and give you financial clarity.
If you’re running a business, investing in both good bookkeeping and expert accounting will streamline operations and free up your time.
