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Thread: What’s difference between accounting and bookkeeping?

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    New Member jasperwalkom's Avatar
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    What’s difference between accounting and bookkeeping?

    Discuss about difference between accounting and bookkeeping?

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    Platinum Member Marq's Avatar
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    We give up - whats the answer?
    The cost of living hasn't affected its popularity.
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    My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?

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    Platinum Member Marq's Avatar
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    Quote Originally Posted by dellatjie View Post
    My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?
    No I don't think that's the correct answer, but we wait for the response....
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    Diamond Member adrianh's Avatar
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    Quote Originally Posted by Marq View Post
    We give up - whats the answer?
    LOL Good one!
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    Diamond Member adrianh's Avatar
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    Quote Originally Posted by dellatjie View Post
    My point of view is that an accountant is qualified, but a bookkeeper not necessarily.. Anyone else?
    I think that the bookkeeper is normally the wife (who gives you sh!t because you spend too much money on beer) ... or the pretty young thing (who can't really type because she can't see the keyboard over her...) and sits on your lap while you surf the net.

    The accountant is the guy that charges you a shedload of cash to do nothing other than put a rubber stamp on your books agreeing to the fact that you actually don't know $h1t about running a business.
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    Site Caretaker Dave A's Avatar
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    My guesses:

    Bookkeeping is the capture of financial data into ledgers.
    Accounting is the interpretative manipulation and presentation of that data.
    We won't see jasperwalkom here again for about a year.

    Of course, I could be wrong.
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    Bookkeeping - recording transactions in journals or daybooks and then posting the amounts into accounts in ledgers.
    Accounting - systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these transactions to oversight agencies and tax collection entities.

    CMIIW

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    Quote Originally Posted by jasperwalkom View Post
    Discuss about difference between accounting and bookkeeping?

    Serious !!! You guys in Australia don't know the difference ??

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    Silver Member PlatinumWealth.co.za's Avatar
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    Quote Originally Posted by jasperwalkom View Post
    Discuss about difference between accounting and bookkeeping?
    I don't like waiting (:
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