There are two types of financial helpers for these endeavors â bookkeepers and accountants. Understanding the difference between the two is crucial before settling. Bookkeepers record a company's day-to-day transactions, while accountants verify and analyze that information â but there's much more to it. Here's what you need to know before hiring either of them for your business. Bookkeeping vs. accounting
.alert a { font-weight:bold } All Bank of Canada exchange rates are indicative rates only, obtained from averages of transaction prices and price quotes from financial institutions. Please read our full terms and conditions for details.ll Bank of Canada exchange rates are indicative rates only, obtained from averages of transaction prices and price quotes from financial institutions. Please read our full terms and conditions for details.
Banks calculate the average monthly balance by adding together each daily closing account balance throughout the month. The bank divides the sum of the daily account balances by the number of days in the month. For instance, the sum of your daily account balances is $1,345, which is divided by 30 for the number of days in April. The AMB is $48.33.