Similarities & Differences Between Accounting & Bookkeeping

Introduction

While accounting and accounting are both fundamental business capacities, there is a critical refinement. Accounting is in charge of the chronicle of money related exchanges. Accounting is in charge of deciphering, grouping, investigating, announcing and condensing money related information. The greatest distinction amongst accounting and accounting is that accounting includes deciphering and breaking down information and accounting does not.

The Business Financial Process

The accounting procedure includes recording, deciphering, grouping, investigating, detailing and condensing budgetary information. Accounting is the way toward recording budgetary exchanges. …

Read more

How to Start a Freelance Bookkeeping & Payroll Service

Bookkeeping-basics

Thanks to the 2008 recession many bookkeepers have been laid off working for companies that provided them with steady income streams for many years. But today being retrenched after years of loyal service is no longer a curse. It is a blessing in disguise. This guide will explain why.

Things to remember when starting out

It will also show how Melbourne bookkeepers can begin life as freelancers. See this short series of notes as a source of encouraging unemployed number crunchers to start their own …

Read more