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

LyfeAccounting

So today, I’m going to give you three simple points that you should know about bookkeeping vs accounting. Bookkeeping vs Accounting: What’s the Difference? Defining Accounting and Bookkeeping. Technically, the definition of bookkeeping is the activity or occupation of keeping records for financial affairs of a business.

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Accounting Basics for Small Business Owners [By a CPA]

LyfeAccounting

Anyway, us aside, let’s summarize this post so you can walk away with the accounting basics for small business. We started this post by defining accounting. Accounting is the simply the process of recording, reporting, interpreting, and analyzing financial information. Quick Recap.