Bookkeeping vs Accounting Explained Simply by Mike Savage

Mike Savage New Canaan03 Feb, 2026Finance

If you run a business or a side hustle, you’ve likely heard the terms bookkeeping and accounting used interchangeably. However, they have very different roles in maintaining your finances. Understanding the difference can save you stress, money, and confusion as your business expands. Michael Savage, head of 1800Accountant, often emphasizes that knowing who does what and why it matters begins with clear understanding of your numbers.