The difference between bookkeeping and accounting!
In bookkeeping, we deal with the day-to-day activities of recording financial transactions, such as purchases, receipts, sales, and payments. This makes Bookkeeping a transactional and administrative role. On the other hand, accountants take the information and data from bookkeepers and provide financial insights to the business owners, making it more subjective. Finally, accountants file the corporate taxes and generate the Dividend slips for shareholders.