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Business accounting involves analysing, reporting, interpreting and presenting the financial information of a company to help it make better business decisions. It involves a wide range of tasks, including expenditure tracking, preparing tax returns, financial forecasting and risk analysis.

Accounting helps owners to keep track of income, expenses and overall financial performance. This helps a business to make better decisions related to revenue growth.

Bookkeeping focuses on gathering and recording financial information, whereas accounting focuses on analysing, reporting and presenting that information. In other words, accounting starts where bookkeeping ends.

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