Accounting is more analytical and strategic. It uses the information recorded by bookkeepers to provide financial insights and ensure compliance.
Typical accounting tasks include:
- Preparing financial statements (income statement, balance sheet, cash flow)
- Tax planning and preparing tax returns
- Budgeting and forecasting
- Financial analysis and advisory
- Ensuring compliance with accounting standards
- Helping with audits
- Setting up accounting systems and controls
Think of accounting as interpreting the data to help a business make decisions.
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