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Accounting and bookkeeping in business.
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[QUOTE="Jasz, post: 254074, member: 61772"] Accounting and bookkeeping are two terms that are often used interchangeably, but they don't mean the same thing. Accounting is the process of recording, processing, and reporting financial activities. Bookkeeping is the process of maintaining records of business transactions and preparing financial statements. Bookkeeping is a necessary skill for any business that needs to keep track of its financial activities. Bookkeepers use accounting software or spreadsheets to manage their businesses' financial records, which can include everything from accounts receivable to cash balances. They also provide reports on revenue, expenses, and profits. Bookkeeping helps you keep track of all of your financial transactions and make sure that they're accurate. It also helps you prepare tax reports for your accountant so that they can file taxes properly with Uncle Sam's help In most cases, a bookkeeper will work closely with a business owner or manager who oversees the accounting function in order to make sure all transactions are recorded correctly and that everything is reported accurately in the proper format. [/QUOTE]
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