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Bookkeeping vs Accounting For most people bookkeeping and accounting would seem like the same thing. Ask them the difference and they will be hard-pressed to come up with an answer. They aren’t to blame really, because both bookkeeping service and accounting service are actually part of the financial cycle that a company follows. The fundamental difference bookkeeping vs accounting is the nature of the work.
As much as fintech has evolved, finance departments are still chasing paper to manage accounts payable systems. Why? For some, it’s a force of habit, along with the concern of letting go of the proven accounts payable system. For others, it’s lack of budget and fear of no ROI. So, they’re continuing to rely on paper to manage accounts payable operations without realizing all the risks.
Stories in this episode: Microsoft, Commonwealth Bank, KPMG partner for Wiise joint venture — ZDNet Wiise Guys: KPMG Teams Up with CBA Bank to Sell Microsoft Accounting Software — Digital First PayPal confirms that it is buying payments startup iZettle for $2.2B in an all-cash deal — TechCrunch Become EXCEL-lent: Excel Tips & Tricks for Accountants — FloQast Subscribe: Listen on iTunes/Apple Podcasts Listen on Google Play Blake is skeptical about KPMG Australia's move to get into the ERP dev
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