Difference or Distinguish between Bookkeeping and Accounting

Bookkeeping vs Accounting

  • Bookkeeping is mainly related to the recording of financial transactions.
  • Accounting is the process of summarizing, interpreting and communicating financial of the business in a systematic way.
  • Bookkeeping is the subset of accounting.
  • Accounting is regarded as the language of business
  • Bookkeeping is the beginning stage .
  • Accounting starts where bookkeeping ends.
  • Decisions cannot be taken based on bookkeeping.
  • Decisions can be taken on the based of accounting records.
  • Preparation of Financial statements are not possible in bookkeeping.
  • Financial statements are prepared on the basis of records obtained through bookkeeping.


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