Bookkeeping
Accounting vs. Bookkeeping
 On to the terminology: We have already said the words "accounting" and "bookkeeping".
Accounting is the big picture, the system that keeps track of data
(including people). records your transaction history, gives you reports
-- those all-important pictures of your company. Accounting also
encompasses payroll, an area  of particular concern since huge fines
can accompany small mistakes. Of equal weght is the tax status of
your company. Accounting is the system that will provide the reports
and information you need.
 Bookkeeping is the tedious part -- the systematic recording of amounts,
dates, and sources of every revenue and expense you generate. Think
of accounting as a giant sifter and of bookkeeping as the process
of pouring stuff into it. Things get stirred around and you get the
information you need to run your business.
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