An accounting system is a set of processes that create, record, classify, summarize, analyze, interpret, and communicate information. Business owners use that information to stay informed, make business decisions, and increase their company's financial position, profit, and cash flow.

Bookkeeping is the day-to-day creating, recording, classifying, and summarizing of financial transactions; such as sales and receipts and purchases and payments, and is the foundation of an accounting system.

Accounting is analyzing, interpreting, and communicating business information; such as financial position, profit, and cash flow, and is the pinnacle of an accounting system.

This guide details how accountants perform accounting to increase their clients' financial condition, profit, and cash flow and work with their client's bookkeeper to prepare timely, relevant, and reliable business information.

This guide presents Accounting Analytics' Accounting Process. Accounting Analytics is a leading small business accounting company. The Process enables accountants to manage their clients' bookkeeping and payroll, and perform accounting services using QuickBooks Online Accountant.

Note: The printed Guide is included in our Accounting with QuickBooks Online Accountant course. A digital version of the guide is free to Pro Members.