1 Bookkeeping is the process of recording daily financial transactions in accurate way to building successful business. On the other hand, accounting is a high-level process that uses financial information compiled by a bookkeeper or business owner and produces financial models using that information.

2 Bookeeping is the beginning stage and acts as a base for accounting.On the other hand bookkeeping ends, accounting starts.

3 Management can take decision based on accounting not on bookkeeping .