Bookkeeping vs. Accounting

Bookkeepingnoun

(accounting) The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

Bookkeepingnoun

(computing) General tasks for maintaining a system.

Bookkeepingnoun

The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger.

Bookkeepingnoun

the activity of recording business transactions

Bookkeeping

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business.

Accountingverb

present participle of account

Accountingnoun

(accounting) The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.

Accountingnoun

A relaying of events; justification of actions.

Accountingadjective

Of or relating to accounting.

Accountingnoun

a convincing explanation that reveals basic causes;

Accountingnoun

a system that provides quantitative information about finances

Accountingnoun

the occupation of maintaining and auditing records and preparing financial reports for a business

Accountingnoun

a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts

Accountingnoun

a statement of recent transactions and the resulting balance;

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the , measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.