Accounting and Bookkeeping
All You need To KNow
Bookkeeping and Accounting both share one common goal that is
Finance Management. The aspects which come under finance
management are:
A complete record of the fixed sources of income and the
expenses incurred. This helps in calculating your cumulative
profit and helps you set goals to improve.
Keeping a track on all the variable financial transactions that
have been done for business improvement.
A documented record of all taxes to be paid and exemptions
if any.