Dictionary of Accounting Terms (Barron's Intl., USA)
BOOKKEEPING accounting support functions performed by the BOOKKEEPER. Bookkeeping is the most basic of the accounting duties and requires less education and experience.
BOOKKEEPER individual basically concerned with accounting support functions within the firm. Duties include recording journal entries in the various journals, posting and maintaining the ledger, preparing a trial balance, making up the payroll, and preparing a bank reconciliation. In a smaller firm, the bookkeeper often has a broader responsibility, such as accounts receivable collections.
1.umbrella term encompassing the multitude of disciplines including auditing, taxation, financial statement analysis, and managerial accounting. Accounting-related functions include financial accounting, cost accounting, not-for-profit accounting, and financial planning.
2.process of recording, measuring, interpreting, and communicating financial data. The accountant prepares financial statements to reflect financial condition and operating performance. Also, the accounting practitioner renders personal accounting services to clients such as preparing personal financial statements and tax planning.