Bookkeeping is focused on the day-to-day work related to recording the financial transactions of a business. This includes purchases the company makes, sales the company records, and payments it makes to others (e.g., its employees).  Although accounting includes bookkeeping tasks, it is more focused on decision-making. This includes, for example, preparing financial statements that investors, lenders, and owners can use. The ultimate goal of accounting is to provide information people can use to make decisions about the company’s performance.