bookkeeping and accountancy

Bookkeeping and accountancy are both crucial for managing your business’s finances, but they serve different purposes. Bookkeeping involves recording and organizing daily financial transactions, ensuring all data is accurate and up-to-date. It includes tasks like tracking expenses, sales, and maintaining ledgers. Accountancy, on the other hand, takes this data and uses it to prepare financial statements, analyze business performance, provide tax planning, and offer strategic advice. While bookkeeping ensures accuracy, accountancy helps guide decisions and ensures financial growth and compliance. Learn the differences and how both can benefit your business today