Bookkeeping involves recording and organizing a business's financial transactions and maintaining its financial records, while accounting involves summarizing those transactions, preparing financial statements and reports, and ensuring compliance with regulatory standards. Specifically, bookkeepers record daily transactions in journals and ledgers, whereas accountants use those records to analyze the business's performance and financial position and prepare financial statements according to accounting principles and standards. While bookkeeping provides the underlying data, accounting transforms that data into meaningful information for both internal and external users.

1. Difference between
Bookkeeping and
accounting
Presentation by Silindile Sithole
2023

2. Learning
Objective
1.What is
Bookkeeping/Accounting
2. The difference between
accounting and bookkeeping
Understanding Bookkeeping 2
At the end of this learning intervention,
you will be able to understand:
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3. 3
Select the topic that is that you want to read
about
Bookkeeping
Definition
Accounting
Definition
Accounting vs Bookkeeping

4. What is
bookkeeping
Bookkeeping is the practice of
organizing, classifying and
maintaining a business’s financial
records. It involves recording
transactions and storing financial
documentation to manage the
overall financial health of an
organization. Most businesses use
an electronic method for their
bookkeeping, whether it’s a simple
spreadsheet or more advanced,
specialized software.
Understanding bookkeeping 4
2023

5. What is accounting
Understanding bookkeeping 5
2023
Accounting is the processor keeping the accounting books
of the financial transactions of the company. The
accountants summarize the transactions in the form of
journal entries. These entries are used in bookkeeping. The
books of accounts are prepared by the accountants as per
the regulation of the auditors and various regulating bodies.
The accountants might follow the Generally Accepted
Accounting Principles (GAAP) or the IFRS (International
Financial Reporting Standards) principles

6. Difference
between
Bookkeeping
and
Accounting
Understanding bookkeeping 6

7. Reference
https://www.forbes.com/advisor/business/what-is-bookkeeping
Presentation Title 7
https://economictimes.indiatimes.com/definition/accounting