it is important to note that bookkeeping service differs from accounting service.

Accounting usually refers less to bookkeeping and more to analysis and evaluation.

While bookkeeping is about gathering and preserving data, a lot of accounting is working with that data and generating concrete decisions or advice based on that data.

Bookkeeping service is in fact the practice of recording and keeping track of financial transactions of your business.

Bookkeeping relates to maintaining day to day accurate and comprehensive records and collect financial information with the help of which financial statements or books of accounts are prepared.

Accounting, on the other hand, refers to preparing, reporting, analyzing, and summarizing financial data collected by bookkeepers. The accounting reports give a snapshot of the financial position as well as the performance of your business.

The bookkeepers are required to summarize the activity of your business regularly into financial reports. These reports showcase the financial position as well as the performance of your business.

Without data gathered by bookkeeping, accountants have nothing to work with.