Accounting vs Bookkeeping: What’s the Difference?

4 minute read

In this first instalment of a two part series on managing business finances, we look at the practice of bookkeeping and accounting, and help breakdown everything you need to know to make informed decisions.

Getting a business off the ground requires immense hard work, patience, and time. When the business matures into a living, breathing, evolving entity, it takes smart choices and forward-planning to keep the wheels turning. As an entrepreneur, how do you develop that keen sense to know that something is not working for your business?

Besides your natural instincts, you can usually rely on your company’s financials through bookkeeping and accounting to tell you what to do. Here’s a quick g