Bookkeeping is the record making phase of accounting. It is mainly concerned
with recording of financial data relating of business operators in a significant and orderly manner. Thus, a
book-keeper
May be reportable for keeping all the records of
business or only of a minor segment
Performs work of a clerical nature which are
increasingly being accomplished through the use of mechanical and
electronic devices.
Need only basic education and little experienced to
perform his duties. On the other hand,
accounting is primarily concerned with designing the system for recording, classifying and summarizing the recorded data and
interpreting them for internal and external users. Thus accountants
Direct and review the works of the book-keepers,
Design the accounting system to be used in the
business
Interpret financial information
Are required to have more analytical skills than what
is required of bookkeepers
Prepare financial accounts of a business.
Perform income
take work
Make financial forecast and prepare budgets