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.
How Creating a Strong Tax Planning Strategy Can Save You Thousands
Tax planning is more than hiring a professional to sort your financial affairs at the end of the tax year. If done correctly, tax planning can save you thousands of dollars, countless hours, and a significant amount of stress. A