It is not easy for a layman to describe the difference between accounting and bookkeeping. They both might seem to do the same work for a business, but the fact is that while they work towards common goals but they support the company in different ways and on different stages of the finance cycle. Indirectly they are both dependent on each other. While bookkeeping is administrative and transactional in nature and deals with recording transactions; accounting is more about giving an insight of the business finances and is based on bookkeeping information. Here is a complete guide, shared by the experts of AGI Bookkeeping company in Melbourne, defining the difference and functions of both.

https://www.agibookkeeping.com.au/accountants-vs-bookkeepers-things-you-need-to-know-for-your-business/