facebooktwitteryoutube
what is accounting
in Bookkeeping - 25 Sep, 2015
by Basic Bookkeeping - no comments

Accountants and bookkeepers in Melbourne may seem to do the same jobs, but in reality there’s a few subtle differences it’s important to keep straight if you want to be sure you have the best financial professional for you. Today, we’re looking at what those differences really are.

Aren’t’ all financial professionals the same?

The short answer is no. Accounting may be the broad field under which most financial professionals fall, but there’s a lot of specialities in there and bookkeepers are just one of them.

So what are bookkeepers in the financial world?

Bookkeeping refers mostly to the record keeping aspect of accountancy, making sure that every transaction and financial activity is properly recorded and used. It’s an indispensable part of the bookkeeping process. In fact, it’s where accounting starts. The information collected is not only used for day to day facilitation of operations, but also to prepare …