Accounting firms and bookkeeping service providers
United Arab Emirates
Accounting and bookkeeping are two different things
Accounting deals with recording the financial transactions of a company. Accounting is one of the most important factors that make running a business, and it is imperative for you to know why accounting is the lifeblood of any business.
If this part of the company is not organized, it should be expected that the business is not operating as efficiently as it should
On the other hand, bookkeeping is about recording the economic activities of a company. The entries are summarized periodically.
It was called “bookkeeping” because before computers were born, they were recorded in actual books.
But now, transactions are recorded electronically