AccountingX expert staff include CPA's, bookkeepers, controllers, financial advisors, and more. Working together we supplement or replace your current team.
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People also ask
What is an accounting long answer?
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarising, analysing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
What's the difference between accounting and bookkeeping?
While bookkeeping is all about recording of financial transactions, accounting deals with the interpretation, analysis, classification, reporting and summarization of the financial data of a business.
What is the meaning of bookkeeping?
Bookkeeping is the process of recording your company's financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process for a few reasons.
What is the role of a bookkeeper vs accountant?
Bookkeepers record financial transactions whereas accountants analyse it. Bookkeeping is a subset of accounting. Bookkeepers help you with collecting the data regarding your business. Accountants analyse the data and turn them into relevant information for your business.
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