|Context||Bookkeeping is mainly recording of transaction in books of accounts or to any accounting software.||Accounting is analyzing and Interpreting the transactions that are recorded in the books of accounts.|
|Relevance||Bookkeeping is not relevant In making financial decision of the company.||Based on accounting data, top level can make financial decisions.|
|Statement of Accounts||Financials and statement of accounts cannot be prepared on the basis of Bookkeeping.||Profit/ loss, Balance Sheet and other financial reporting can be done on the accounting.|
|Expertise||No expert knowledge is required for Bookkeeping.||Porfessionals and Experts play an important role in accounting of any business.|
|Growth of Business||Only Bookkeeping cannot be considered for growth of the business.||Accounting, if done properly can be the main reason for growth of any business.|
|Variations||Bookkeeping can be single or double entry.||Accounting and reports can be prepared on the basis of Business requirement.|
If you are looking for bookkeeping and accounting firms in Dubai or to establish a proper business in the UAE, Parsh can assist you with your accounting and bookkeeping services. We involve a team of professional experts who are well versed with regional and business standards.
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