What's the difference between bookkeeping and accounting?

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What do you want to learn, change or accomplish?

Hi, I'm getting a bit confused about the difference between bookkeeping and accounting. What are the main difference?

Why are you interested in this?

Interested because I want to find the correct type of course. I'm very mathematical and like statistics. Just not sure what's the better path to follow.

How do you want the course or program to be set up?

Not too sure yet, most likely distance learning or classroom based.

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SAGE Line 50 Introduction / Intermediate

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Successfully running a business can often seem like an uphill struggle for many small companies. Perhaps one of the biggest problems many b…

£550warning
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  • Price completeness: There could be additional costs like study material or lunch costs.
groupUp to 8 people can participate in this course. Max: 82 daysVocational
Provider rating: star 9.8 Aspect Training has an average rating of 9.8 (out of 1 reviews)
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SAGE Instant Accounts Introduction / Intermediate

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Overview: Sage Instant Accounts is easy-to-use accounting software designed to make managing your money, including VAT, end of year account…

In-house / Incompany2 daysVocational
Provider rating: star 9.8 Aspect Training has an average rating of 9.8 (out of 1 reviews)
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Logo The BPST Partnershipverified_userVerified provider on Springest
Caroline BarbourThe BPST Partnership

"Bookkeeping essentially stops at producing month end Profit and Loss Statements and Balance Sheets. Normally you will go into the bascis of accounts analysis and ratios but this only scratches the surface of properly analysing a set of accounts. In addition you are not likely to learn about tax other than VAT and Self-Employment income tax.
Accounting, on the other hand explores all aspects of accounts: all types of taxation, all types of financial, management, manufacturing, auditing and analysis of accounts. In addition, accounting also goes into business law, legislation and legal requirements.
In short, Bookkeeping stops at the point before the accountant takes over. For example: a bookkeeper cannot sign off a set of published accounts or audits - only a qualified accountant can do that." - 02-07-2014 13:24

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