Bookkeeping includes identifying and recording all financial transactions. Accounting is the process of measuring and recording all financial transactions that happen in a financial year. The objective of Bookkeeping is to prepare original books of accounts. The objective of Accounting is to record, analyze, and interpret all the transactions. It has a limited scope. Accounting has a wider scope than bookkeeping. Management cannot make decisions on the basis of bookkeeping because it is only concerned with the management of books. With the help of accounting, management can make decisions as it is responsible for communicating the information. Now you have to choose between bookkeeping vs accounting for your organization.

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