What’s the Difference Between Bookkeeping and Accounting
The posting of financial transactions is often associated with the tasks that a bookkeeper performs. Keep in mind that bookkeeping is the processing and recording of financial transactions after they have already occurred. In the vast majority of cases, bookkeepers do not build and maintain adequate internal control environments, putting organizations at risk for material errors and irregularities or fraud. While bookkeeping occurs reactively, a full-service accounting outsourcing solution will support a company proactively. When this is accompanied by meaningful accrual based financial statements that are timely and accurate, the risk of material errors and irregularities decreases significantly. While bookkeeping creates some financial visibility, a properly designed and managed accounting outsourcing solution improves financial performance through
Our Bookkeeping Services
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as “real” bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.