As a business owner, you’ve probably heard the terms bookkeeping and accounting used interchangeably. But while they’re closely related, they aren’t the same thing — and knowing the difference can save you time, money, and costly mistakes. What Is Bookkeeping? Bookkeeping is the process of recording and organizing financial transactions on a day-to-day basis. Think of it as the foundation of your financial house. If you’re new to bookkeeping, check out our post What Does a Bo