Difference Between Posting And Recording

The Recording is done in Journal called Journalizing while Posting is the recording of Accounts, involved in these monetary transactions, in the concerned Ledger Accounts.

All the Business Transactions are primarily recorded in the Books of Prime Entry or Books of Original Entry i.e, from voucher, invoice to journal. This phase (Bookkeeping) of recording transactions in the books of original entry is called recording which is the first phase of Accounting while after preparing General Journal or Special Journals, the accounts are separately transferred to concerned ledger accounts or Books of Final Entry is called posting which is the second phase of Accounting. All these accounts are then transferred to Trial Balance. After preparing Trial Balance, Final Accounts are prepared which consists of Financial Statements such as Income Statement, Balance sheet, Statement of Cash Flows, Statement of Retained Earnings and Notes to the Accounts.