Bookkeeping is more transactional and focused on the accurate recording of financial data, while accounting involves a broader analysis of that data to generate reports and support decision-making. Bookkeeping is considered a subset of accounting, and both are essential for maintaining the financial health and transparency of a business. Small businesses may have bookkeepers handling day-to-day transactions, while accountants may be involved in more strategic financial management and reporting.

A bookkeeper is an individual or a professional responsible for the systematic recording of financial transactions within an organization. Their primary role is to maintain accurate and up-to-date records of the company's financial activities. Here are some key aspects of a bookkeeper's role:

1. Recording Transactions: sales, purchases, receipts, and payments
2. Data Entry: assets, liabilities, expenses, and revenues.
3. Reconciliation: reconcile accounts to ensure that the recorded transactions match the actual financial activities.
4. Generating Reports: trial balances and income statements.
5. Compliance: accurate financial data for tax reporting purposes.
6. Communication with Accountants: To create financial statements, analyze financial performance, and offer strategic financial advice.

Payroll processing refers to the set of activities that businesses undertake to pay their employees accurately and on time. It involves calculating employee wages, withholding deductions, and ensuring compliance with tax regulations.

Quarterly estimated taxes are payments made by individuals, including self-employed individuals and business owners, to the tax authorities on a quarterly basis. These payments are intended to cover income taxes, self-employment taxes, and other taxes that aren't withheld through traditional means, such as payroll withholding. The primary purpose of quarterly estimated taxes is to ensure that taxpayers meet their tax obligations throughout the year, rather than waiting until the end of the tax year to pay a large sum.

Tax organization and submission involve several steps to ensure that individuals and businesses meet their tax obligations accurately and on time.

1. Gather Necessary Documents.

2. Understand Tax Deductions and Credits.

3. Use the Right Tax Forms.

4. Use Tax Software or Hire a Professional.

5. Pay Taxes Owed.

6. Keep Copies of Returns and Documents.