difference between book keeping and accounting
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Bookkeeping is all about recording and organising financial data while accountants take that data to prepare reports and get them ready for HMRC.
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Accounting is the process by where a company's financials are recorded, summarized, analyzed, consulted and reported on. Bookkeeping is the recording part of this process, in which all of the financial transactions of the business (consisting of income and expenses) are entered into a database.
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