what is the difference between accounting and bookkeeping?

6 Answers

  • 1 decade ago
    Favorite Answer

    Hi !!!

    Below article will explain it better.


    "The Difference Between Accounting and Bookkeeping: Bookkeepers perform a critical function for the firms and organizations they serve. Regularly challenged to maintain precise and accurate records, bookkeepers produce the vital reports that keep management up to date on the financial condition of their company.

    Bookkeepers are responsible for maintaining the "business checkbook", much like a personal checkbook. They record routine money transactions like customer payments into a "cash receipts journal" and checks to vendors into a "cash disbursement journal." They also process payroll. At month end they transfer or "post" the "journal" totals to the "general ledger" in preparation for financial statements prepared by the accountant.

    Accountants are responsible for the design and management of the financial systems that bookkeepers use. They prepare monthly financial statements and tax returns at year end. Accountants may also prepare budgets for management and loan proposals for bankers; and perform cost analysis for the company's products or services.

    Trust, reliability and confidentiality head the list of qualities that employers look for when selecting and promoting Certified Bookkeepers. Strong organization and communication skills are also important. Not only are bookkeepers challenged to record routine money transactions, to reconcile accounts and to locate misguided transations, they also must be able to paint a picture--both verbally and on paper--of all the activities within their assigned area of responsibility."

    I hope this answers your question.

    >>> Naveen Kumar

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  • 1 decade ago

    a bookkeeper makes sure everything looks good on paper,an accountant is constantly looking for a way to steal your money

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  • 1 decade ago

    BOOK KEEPING AND ACCOUNTING are two sides of the same coin.

    book keeping actually means keeping a record of all transactions and accounting is to calculate the desired result from the updated records.



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  • Mary
    Lv 4
    4 years ago

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  • 1 decade ago

    in accounting u need to count therefore it ismathmatical and in bookeeping it more like keep recipts and records

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  • 1 decade ago

    Level of education, certification, license, and of course salary.

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