Accounting

The Importance of Bookkeeping & Accounting [Infographic]

the importance of bookkeeping

Bookkeeping and accounting are terms often used interchangeably and haphazardly, and it’s true that they are inseparable—you can’t have one without the other. However, it’s important to note that they are two distinct professions. Simply put, bookkeeping is the act of carefully recording financial transactions, whereas an accountant’s role spans all aspects of the accounting process, including recording, analyzing, summarizing, and reporting on financial transactions. Without good bookkeeping, an accountant’s ability to make strategic decisions based on the financial data is guesswork at best.

Want more detail? Use this infographic to learn more about the importance of both bookkeeping and accounting.

Download our Accounting Terms Cheat Sheet

Get a free, printable digital document to help you understand the basic principles of business accounting. Download Now.

FREE Cheat sheet

Accounting terms cheat sheet
[Printable pdf]

By submitting the form above, I agree to Avitus Group’s privacy policy and to be contacted by Avitus Group regarding events and special offers.

Thanks for your feedback.

We're confident we can help. With our large group buying power we're able to help small and medium size businesses offer great benefit packages to their employees while keeping the costs reasonable.

Give us a call or email us for more info.

800.454.2446 | info@avitusgroup.com