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

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At LYFE Accounting, we’ve helped companies with their bookkeeping and accounting processes. And we’ve helped companies save a lot of money with tax preparations. So if you’re in a business, then understanding your financials are really important. Bookkeeping vs Accounting: What’s the Difference? Reconciliation.

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Accounting Basics for Small Business Owners [By a CPA]

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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.