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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

So today, I’m going to give you three simple points that you should know about bookkeeping vs accounting. Bookkeeping vs Accounting: What’s the Difference? Defining Accounting and Bookkeeping. Technically, the definition of bookkeeping is the activity or occupation of keeping records for financial affairs of a business.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

It is important that you know what these 5 transaction types are because it will determine how your reports are organized and influence how you interpret your business finances. Anyway, us aside, let’s summarize this post so you can walk away with the accounting basics for small business. Quick Recap.