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What business owners should know about accounting and bookkeeping.
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[QUOTE="CALVINDOL, post: 242556, member: 43757"] First and foremost every businessman or a woman must actually understand that the two business activity of bookkeeping and accounting is mandatory for all business to practice whether the business is in large-scale or small-scale it is absolutely mandatory and speculated that the business was practice the business activity of bookkeeping and accounting . Just like you already mention accounting is the act or the business activity of recording and interpreting financial business that is so as to make a benefiting and positive decision about the business . And on the other hand bookkeeping is referred to the safekeeping of the business books of account so that they could be easily and swiftly retrieved when needed or when analysation of the business books of account is due for analysation possibly at the end of a particular month or at the end of every passing year . The accounting process of a particular business is actually carried out by a business accountant but if the business is of a self-employed kind it is probably carried out by the business sole proprietor and on the other hand the business bookkeeping is carried out by a business bookkeeper but if the business is of a self-employed type it is probably kept safely by the sole proprietor or the owner of the business for safe retrieval of business records . [/QUOTE]
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What business owners should know about accounting and bookkeeping.
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