Many people think of Accounting and Bookkeeping as being the same thing since accounting includes the bookkeeping function, but bookkeeping is just one part of the accounting process. Bookkeeping is the recording of financial transactions such as purchases, sales, accounts receivable and accounts payable. The transactions must be recorded correctly as accurate bookkeeping is an essential part of every business. This is where the business owner goes to get answers to questions about the financial health of their business as well as using the information for reporting to tax authorities.
Bookkeeping courses will teach you how to record all daily financial transactions using double entry bookkeeping, which means recording an entry in both a debit and a credit account.READ MORE >>