The term book keeping is often misuderstood to be termed as accounting. The assumption is that Book Keepers are meant to keep the records of a company as well as prepare the Company’s financial statement and tax reports. One of the reason for this misunderstanding is the role of accounting software.With little book keeping training, people can prepare sales invoices, records vendors, make payments, e.t.c. and the general ledger is automatically updated. The software can then generate the financial statements by clicking one button.
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