Bookkeeping vs. Recordkeeping

Bookkeeping vs. Recordkeeping — Is There a Difference?

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Difference Between Bookkeeping and Recordkeeping

Bookkeepingnoun

(accounting) The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

Recordkeepingnoun

The creation, collection and management of records, especially of a business or governmental nature

Bookkeepingnoun

(computing) General tasks for maintaining a system.

Bookkeepingnoun

the activity of recording business transactions

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