'font-style:italic;' class='uawbyline'>by Wade Henderson
Accounting and Business Bookkeeping are frequently used interchangeably when in fact bookkeeping is only a part of accounting.
Keeping things organized in the books is what business bookkeeping is really about. It is concerned with recording the activities that involve the use of money in a business, whether we have it, we spend it, we owe it, or it is owed to us. A deeper analysis of this information is what accounting does best.
Accounting is broader and more complete than Business Bookkeeping in that it uses the information about all transactions to generate more detailed reports like balance sheets, income statements, etc.
