Given the many problems small business owners encounter every day, recording and understanding the sales and expenses and other basic business data should be easy enough. But understanding the accounting needs of a business is not always so easy. Consider the difference between bookkeeping and accounting. Is there even a difference?
There is, and the difference is simple: bookkeepers record a company’s day-to-day transactions; accountants tell them how to do it, and then the accountants periodically make sense of all the information by turning it into useful reports .
Dispatches From The Front 