is the core of a company's financial management
reflecting all points of the company's economic performance under certain unified parameters. Bookkeeping provides founders and investors with information regarding cost and earnings, profit
and loss, liabilities, and assets for decision-making, planning, and controlling processes within a business. Together with that, accounting is a required operation by a government. It's needed to ensure that businesses fulfill their obligations and to collect the country's economic metrics for more relevant financial management.