Good bookkeeping is necessary to have the financial information you need to make sound business decisions. Bookkeeping is broadly defined as the recording of financial transactions for a business.

While bookkeeping and accounting are both essential business functions, there is an important distinction. Bookkeeping is responsible for the recording of financial transactions. Accounting is ...

Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.