What Is The Difference Between Accounting and Bookkeeping?

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Chris Gaze, Head Accountant of RIFT Accounting explains the difference between book keeping and accounting to help you choose which you need. Give us a call on 01233 653006 if you need more help or read more about how to choose an accountant http://www.riftaccounting.com/guides/how-to-choose-an-accountant/

People frequently get confused by the terms “accountant” and “bookkeeper”. The two are closely related, but in simple terms a bookkeeper records all the financial transactions of the business by entering them into the “books” on a day-to-day basis whereas accountants deal with the big picture and interpret the financial information provided by the bookkeeper.

The” books” are the financial records of the business.

Accounting includes evaluating the efficiency of the business operations, cash flow and profit forecasting as well as auditing to ensure the accuracy of financial information.

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