Why do people say “Accounting people can do Finance, but Finance people can’t do Accounting.
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The simplest terms?
Finance is investing money in different accounts or stocks.
Accounting is keeping track of investments, sales, loses, expenses, taxes, write offs, accounts receivable, accounts owed, and a bunch more things.
So accountants absolutely have the skills to do the investments and management that fiancé people do.
But finance people don’t deal with paychecks and expenses and taxes , finance people don’t have the balance the books of a business, accountants do.
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