Bookkeeping vs. Accounting: Here’s how they differ
Intuit
AUGUST 30, 2024
For example, there might be a bucket for income received (sales), another for money spent on supplies (expenses), and accounts for things like cash on hand, money owed to you by customers (accounts receivable), and money you owe to vendors (accounts payable). Some accounting positions may require a master’s degree (e.g.,
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