Many people struggle to differentiate between bookkeeping and accounting. They use the job titles bookkeeper and accountant interchangeably. It's not hard to see why this confusion occurs. Both bookkeepers and accountants manage financial data, have insight into their companies’ cash flow, and are tasked with the responsibility of maintaining accurate financial records. Though your bookkeeper and accountant may have shared goals and overlapping responsibilities, they support your business in different ways. What is Bookkeeping? Bookkeeping is the process of recording and maintaining a business’s financial transactions in its original book of entries on a regular basis. The bookkeeping function involves [...]