General discussion

Bookkeeping or Accounting Software

By singhsima002 ·
Tags: Cloud
What’s the Difference Between Bookkeeping and Accounting? Which accounting software would you recommend for an SME Why?
Thread display: Collapse - | Expand +

All Comments

Collapse -

Accounting Software

by susan2015parker In reply to Bookkeeping or Accounting ...

Accounting is the process of keeping the record of a company's financials. However, Bookkeeping is the process in which all the business transactions made are put into the database for keeping records.

Collapse -

Bookkeeping or Accounting ...

by singhsima002 In reply to Accounting Software

So which software that should I prefer for my small organization. Whether it is Bookkeeping System or Accounting Software?

Collapse -

Bookkeeping or Accounting Software

by marks567217 In reply to Bookkeeping or Accounting ...

Intuit QuickBooks Online
FreshBooks
Pabbly
Wave
Sage 50cloud
Xero
Zoho Books
GoDaddy Bookkeeping
Kashoo
AccountEdge Pro

Collapse -

Bookkeeping or Accounting Software

by singhsima002 In reply to Bookkeeping or Accounting ...

Thank You @marks567217,

I'm just checking out the list that you share, I hope one of them will suites with my business.

Collapse -

Information

by jessewalter375 In reply to Bookkeeping or Accounting ...

Bookkeeping

The dictionary definition of bookkeeping is defined as “the skill or occupation of maintaining accurate records of business transactions.”

In simple terms, bookkeeping is recording and organising financial data.


Accounting

When it comes to accounting, the dictionary states accounting as “the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities etc of a business.”


Basically, accounting takes all of that important financial data, prepares reports for business owners and investors and ready’s the reports for HMRC.

Collapse -

Bookkeepers vs Accountants

by bracknelsonforume In reply to Bookkeeping or Accounting ...

A bookkeeper's job is to maintain complete records of all money that has come in and gone out of the business. Bookkeepers record daily transactions in a consistent, easy-to-read way.

An accountant analyzes the financial data recorded by the bookkeeper and provides business owners with important business insights and financial advice based on that information.

Related Discussions

Related Forums