Suggestion:
Bookkeeping is the catagorizing and recording of financial data. Each transaction or acitivty must be posted to the proper general ledger account. The general ledger is used to to prepare Profit & Loss statements which tell you if you are making or losing money in a certain accounting period. The general ledger also produces the Balance Sheet which show the company's assets, liabilities and equity. The GL also produces a cash flow statements which is analyzed by management and used as a guage in making important decisions. These three financial reports are supposed to show the true financial condition of the company. Extremely important decisions are made by managment from these financial statements and they must be accurate.
The bookkeeping process allows all data to be transfered to complicated financial statments for informational purposes. The integrity and accuracy of bookkeeping procedures affect the outcome of the financial statements. Bookkeeping is the cruicial reporting that major decisions are later made from. It must be done correctly.
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so you know what you are spending and what you are earning as well as were it all goes and comes from it will help you make business decisions based on solid facts its also a good way to see if anybody is ripping you off and bookkeeping and account are different things either way make sure your money is right