A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step of production as well as fixed costs such as depreciation of capital equipment. Cost accounting will first measure and record these costs individually, then compare input results to output or actual results to aid company management in measuring financial performance.
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Bookkeeping services refer to the recording of the financial transactions in context of the business applications. Such financial transactions include sales, purchases, receipts, & the payments which are done by an individual or organization. As a significant part of the accounting process, bookkeepers record the financial transactions so to assist the accountants in making the business records.
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