Bookkeeping is the systematic recording of financial transactions, including sales, purchases, and expenses, in an organized manner. It involves maintaining accurate ledgers and journals to track a business's financial activities on a day-to-day basis. Accounting, on the other hand, encompasses a broader scope, including interpreting, summarizing, and analyzing financial data to generate reports for decision-making. Bookkeeping is a subset of accounting, focusing on the recording aspect, while accounting involves the entire financial process from data analysis to reporting.
Both bookkeeping and accounting are essential for businesses to maintain financial transparency, comply with regulations, and make informed strategic decisions.
Our Jobs and Reponsibilities towards this Role:
Maintaining accurate financial records for businesses and co-operative housing societies.
Preparation of financial statement and reports.
offering legal advice on financial matters, contracts and compliance.