Bookkeeping or Accounting Software

Question

What’s the Difference Between Bookkeeping and Accounting? Which accounting software would you recommend for an SME Why?

sima002 4 years 2020-10-06T08:20:21+00:00 3 Answers 0

Answers ( 3 )

  1. wovvtech
    0
    2020-10-08T13:27:14+00:00
    Reply

    Hi,

    Bookkeeping is mainly related to identifying, measuring, and recording, financial transactions
    whereas, Accounting is the process of summarizing, interpreting, and communicating financial transactions which were classified in the ledger account

    The objective of bookkeeping is to keep the records of all financial transactions proper and systematic
    The objective of accounting is to gauge the financial situation and further communicate the information to the relevant authorities

    However, we will recommend you our WovVBiz- Cloud based business automationn & billing software for accounting.

    WovVBiz is a Cloud-based PoS solution that enables integrated banking, secure billing, and accounting automation. Manage your business from single to multiple branches right from one comprehensive platform that caters multiple verticals

    To get started FREE-FOREVER Plan visit: https://wovvtech.com/index.php/wovvbiz-billing-banking-and-accounting-automation/

    Or contact us at: [email protected]

    Thanks,
    WovVTech

  2. tofique
    0
    2020-10-21T12:18:50+00:00
    Reply

    To know more specific and in detail, I would suggest you to look upon a software recommendation platform (Technology Counter) I m pretty much sure about it. Check out the category of accounting software. https://technologycounter.com/accounting-software

    0
    2021-09-28T11:37:00+00:00
    Reply

    Accounting software.
    Accounting software is typically more user friendly and will often allow users to set up accounting and reports differently than bookkeeping software (where you input raw numbers). Accounting software also provides a lot more detail on those raw numbers, particularly in the areas where eventually that number becomes currency. Finally, accounting does not provide as much support for other aspects of running a business such as inventory control or warehousing as bookkeeping may do.

    One could say that accountants are old school while modern businesses should go with their gut instinct. This shift can have many benefits including increased agility, increased innovation, decreased overhead costs due to less reliance on expensive experts, and greater time to focus on core competencies by allowing experts to take care

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