Small business and start-up companies usually do not have volume financial transactions. Generally, the owner of the business handles the accounting front of his business like all other key areas when he starts his business. But as the business grows, the need to hand over jobs and tasks to people who have specialized in the chosen domain makes sense as it eventually leads to reduced risk of errors and effective management of the key areas. When it comes to choosing the right people for accounting and bookkeeping services in Lakeland FL , the top challenge the business owner faces is – whether to hire an internal bookkeeper and accountant or outsource the services. Bookkeeping and Accounting Bookkeeping is about recording every financial transaction that the business entity makes in a prescribed format and classifying each transaction using modern methods of accounting practices. An accountant will then analyze and interpret this information to summarize and report it w