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How Do Accountants and Bookkeepers in Kent Impact Businesses?
Introduction: bookkeeping and accounting are inseparable. Generally, bookkeeping is considered a part of accounting. If there is financial accountability, it's easier for businesses to make consistent business plans and decisions. Ultimately growth is possible according to growth projections. But what is the difference between bookkeeping and accounting? And what impact does either bookkeeping or accounting have on a business? Let’s navigate this further with an investigative approach and analysis. What is Book Keeping? Bookkeeping records transactions for all business activities of the day in a consistent manner. It is the collection of vital financial information that is key to running a business with success. Bookkeeping is a foundational element for analytical accounting. What is accounting? Accounting is the interpretation, analysis, summary, and report of the financial transactions of a business. Financial statements in accounts are exact summaries of fi...
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