Managing your business finances the right way is key to staying on top of things, especially in a place like the UAE, where rules around taxes and record-keeping are quite strict. Many people often mix up bookkeeping and accounting, but they actually play very different roles in your business. Understanding the Differences Between Bookkeeping and Accounting is essential—bookkeeping is all about keeping track of day-to-day transactions, while accounting helps you understand the bigger picture and make smart financial decisions.