Here is a link to a great article that goes into more detail. Some of the key points from that article are:

• Bookkeeping is a direct record of all purchases and sales your business conducts, while accounting is a subjective look at what that data means for your business.

• An accountant can be considered a bookkeeper, but a bookkeeper can’t be an accountant without proper certification.

• Bookkeeping is a transactional and administrative role that handles the day-to-day tasks of recording financial transactions, including purchases, receipts, sales and payments. Accounting is more subjective, providing business owners with financial insights based on information gleaned from their bookkeeping data.