Accounting and bookkeeping services offered by various companies, some of which are also present in Elk Riverare to have a record of financial transactions for its clients. Accounting can be defined as activities comprising analyzing, recording, summarizing, reporting, reviewing, and interpreting financial information. Bookkeeping is a subsection under accounting whereby personal financial transactions are recorded and tracked. These services at Elk River help companies (of various scales of operations) to keep track of their financial transactions, which enables them to streamline businesses and identify ways to reduce costs to them.