What’s difference between accounting and bookkeeping?

[jasperwalkom]

Discuss about difference between accounting and bookkeeping?

[Marq]

We give up - whats the answer?

[dellatjie]

My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?

[Marq]

My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?

No I don't think that's the correct answer, but we wait for the response....

[adrianh]

We give up - whats the answer?

LOL Good one!

[adrianh]

My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?

I think that the bookkeeper is normally the wife (who gives you sh!t because you spend too much money on beer) ... or the pretty young thing (who can't really type because she can't see the keyboard over her...) and sits on your lap while you surf the net.

The accountant is the guy that charges you a shedload of cash to do nothing other than put a rubber stamp on your books agreeing to the fact that you actually don't know $h1t about running a business.

[Dave A]

My guesses:

Bookkeeping is the capture of financial data into ledgers.
Accounting is the interpretative manipulation and presentation of that data.
We won't see jasperwalkom here again for about a year.

Of course, I could be wrong.

[toniton]

Bookkeeping - recording transactions in journals or daybooks and then posting the amounts into accounts in ledgers.
Accounting - systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.

CMIIW

[HR Solutions]

Discuss about difference between accounting and bookkeeping?

Serious !!! You guys in Australia don't know the difference ??

[PlatinumWealth.co.za]

Discuss about difference between accounting and bookkeeping?

I don't like waiting (:

[morrisedwards]

1 Bookkeeping is the process of recording daily financial transactions in accurate way to building successful business. On the other hand, accounting is a high-level process that uses financial information compiled by a bookkeeper or business owner and produces financial models using that information.

2 Bookeeping is the beginning stage and acts as a base for accounting.On the other hand bookkeeping ends, accounting starts.

3 Management can take decision based on accounting not on bookkeeping .