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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

But interestingly enough, many small businesses often neglect their accounting until tax time, or don’t do it all. 9 out of 10 small businesses that fail, fail due to financial mismanagement of their company. And, it’s probably not why you decided to go into business for yourself. Look, I get it.