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Recordkeeping vs Accounting - What's the difference?

recordkeeping | accounting |

As nouns the difference between recordkeeping and accounting

is that recordkeeping is the creation, collection and management of records, especially of a business or governmental nature while accounting is (accounting) the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.

As a verb accounting is

.

recordkeeping

English

Alternative forms

*record-keeping

Noun

(-)
  • The creation, collection and management of records, especially of a business or governmental nature

    • accounting

    English

    Verb

    (head)

    • Noun

    (wikipedia accounting) (-)
  • (accounting) The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
  • A relaying of events; justification of actions.
    • He was required to give a thorough accounting of his time.

    Derived terms

    * creative accounting