What Is the Difference Between Accounting and Bookkeeping Services?
A company can have every sales document in order and still make poor financial decisions. That usually happens when bookkeeping is being done, but accounting is not - or when both are expected from one provider without a clear scope. If you are asking what is the difference between accounting and bookkeeping services, the short answer is this: bookkeeping records financial activity, while accounting interprets it, reports on it, and uses it to support compliance and business decisions. For founders, SME owners, and foreign investors entering Bulgaria or another EU market, that distinction matters more than it might seem. Financial administration is not just back-office work. It affects VAT treatment, payroll accuracy, tax filing deadlines, management reporting, audit readiness, and the overall reliability of your company structure.