The accounting process involves recording, interpreting, classifying, analyzing, reporting and summarizing financial data. Bookkeeping is the process of recording financial transactions. Recording financial transactions is the first part of and the foundation of the accounting process. Bookkeepers handle the recording part of the accounting process. Accountants handle all parts of the accounting process.
If you need more time to finish filing your taxes, it can come as a great relief that the Internal Revenue Service offers a tax deadline extension. First, the IRS has given a cushion of an additional month to get taxes