March 16, 2007, Newsletter Issue #19: Bookkeeping

Tip of the Week

Bookkeeping generally deals with all of the company's accounts, not just one line item. Bookkeeping involves knowing the double entry accounting system (every debit has an offsetting credit). Bookkeeping also involves knowing the difference between cash and accrual accounting.

Many times bookkeeping overlaps accounting, especially in smaller firms. They both involve the proper recording and maintaining of company records.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Not finding the advice and tips you need on this Accounting Jobs Tip Site? Request a Tip Now!


Guru Spotlight
Jolyn Wells-Moran