difference between bookkeeping and accounting

Working part of a company's money is always a source of confusion. Some people say that accountants call accounting others. So what is the difference between the two?

Let us first of accounting. This is better than what it is and always will help you understand how to make a business. The accounting department is responsible for a lot of things in the society. Any follow-up and keeps all records of financial transactions in a systematic process. Makes financial reports and analyzes all aspects of society. Accounting jobs all incoming and outgoing invoices. There are some companies that are generally small, their roomates accepted method of accounting.

There was an accountant for the accounting of the money for the job, and often is responsible for oversight. Moreover, the company, as well as all of the tests that may provide the tax. This track all activities of the company and all claims and liabilities.

Accounting in a way very similar to the word. All monetary transactions are required to track a company with a systematic method of accounting. However, analysis of the accounting department is responsible for the company's finances. It is simply a method for recording all financial transactions. As a result of all the records stored in the account name of a great book is born. The accounting officer of a general ledger that records all entries and then sends. This helps you keep track of money coming in and out of the company.

With the method of accounting for the book is still, however, many companies use a software specially designed for book-keeping can be some companies. Money is followed in this way, it is a cash book, a magazine, and you need to keep a notebook. Single-entry and double-entry bookkeeping: This accounting is concerned, you will see there are two types. This is a way to double the original input to control the many companies as a method of double entry. To put an entry for each entry in the following directory, or a credit or debit card and audio input where you put a duplicate of a master account once the main story twice, are all in one account, but they have everything you want to see the appropriate control inputs pages for each account so that you can.

Depends on how big or small a company's finances the way, there are advantages and disadvantages in both directions. Great company, they have an entire department dedicated to accounts you will see that there is.