First there is bookkeeping which is recording your financial transactions correctly
Second is accounting which is how to structure everything for the best cash-flow and lowest taxes.
I currently do my own bookkeeping since it isn't that tough, but I also hire accountants to advise me on how to structure it all and whatnot so that it works well.
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I think there're two things here..
First there is bookkeeping which is recording your financial transactions correctly
Second is accounting which is how to structure everything for the best cash-flow and lowest taxes.
I currently do my own bookkeeping since it isn't that tough, but I also hire accountants to advise me on how to structure it all and whatnot so that it works well.