If you’re an aspiring financial professional, chances are you’ve come across two foundational courses: Bookkeeping and accounting. Bookkeeping forms the foundation of a business’s financial system. It is the systematic process of recording, organizing, and tracking a business’s financial transactions. They build upon the financial foundation set by bookkeepers and analyze financial records for strategic purposes. Key Differences Between Bookkeeping and AccountingAlthough bookkeeping and accounting seem to go hand-in-hand, they’re not as similar as some people think.