Accounting and Bookkeeping are different from each other.
Bookkeeping refers to the recording of financial transactions related to the business operations of an entity in a proper manner so that their financial impact can be observed and analyzed.
Accounting includes the design of an accounting system which bookkeepers use for the preparation of the financial statements and implementation of audits, cost studies, income-tax statements, etc.
Most of the enterprises fail to manage the health of their businesses due to poor knowledge and insufficient resources to manage their accounting and bookkeeping activities. Just imagine how profitable your business would be if you have time to focus on actual business rather than spending time making corrections in books. Outsourced accounting and bookkeeping will give you true and fair result of your financial statements and save you a lot of time.
