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Bookkeeping vs Accounting: What’s the Difference? How Should You Choose?

LyfeAccounting

Regardless of what happens to that 20 dollars next, these transactions have started bookkeeping and accounting processes. But a lot of people are still confused when it comes to bookkeeping vs accounting. At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

It is important that you know what these 5 transaction types are because it will determine how your reports are organized and influence how you interpret your business finances. There are quick and easy ways to do this by syncing your business bank account to a bookkeeping system, and classifying your transactions within that system.