Frequently Asked Questions<\/span><\/h3>\nWhat is the difference between <\/b>accounting vs bookkeeping<\/b>?<\/b><\/p>\n
Accounting is a broader field encompassing financial analysis, reporting, and decision-making, while bookkeeping primarily focuses on recording financial transactions.<\/span><\/p>\nWhat are the key financial statements?<\/b><\/p>\n
The three primary financial statements are the income statement, balance sheet, and cash flow statement.\u00a0\u00a0\u00a0<\/span><\/p>\nWhat is the role of auditing in accounting?<\/b><\/p>\n
Auditing involves examining an organisation's financial records to ensure they are accurate, complete, and comply with relevant accounting standards. Auditors provide an independent assessment of the financial statements.\u00a0\u00a0\u00a0<\/span><\/p>\nWhat are some common accounting software programs?<\/b><\/p>\n
Popular accounting software programs include QuickBooks, Xero, Sage, and FreshBooks.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Accounting and bookkeeping are often used interchangeably but are distinct professions with different scopes and responsibilities. Bookkeeping is an essential...<\/p>\n","protected":false},"author":1,"featured_media":266544,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[22],"tags":[4894],"pages":[],"coe":[],"class_list":{"0":"post-266543","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"tag-bookkeeping-vs-accounting"},"acf":[],"yoast_head":"\n
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