Bookkeeping is the process of recording your company's financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process.

A bookkeeper ensures that all financial transactions are recorded and organized for financial reporting.

Bookkeepers handle day-to-day tasks of recording financial transactions, while accountants provide insight and analysis of that data and generate accounting reports.

Bookkeepers and accountants share the same long-term goal of helping your business financially thrive, but their roles are distinct. Bookkeepers focus more on a daily responsibilities, like recording transactions, while accountants provide overarching financial advice and tax guide.