BOOKKEEPING

Bookkeeping

Bookkeeping in the context of a business is simply the recording of financial transactions. Transactions include purchases, sales, receipts and payments by an individual or organization. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but is just one part of the accounting process. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies. There are some common methods of bookkeeping such as the single-entry bookkeeping system and the double-entry ...

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bookkeeping

Noun

  1. Accounting: the skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

Verb

bookkeeping



The above text is a snippet from Wiktionary: bookkeeping
and as such is available under the Creative Commons Attribution/Share-Alike License.

book keeping

Noun

  1. Maintaining the accounts, by written record in the books, or by electronic data entries.


The above text is a snippet from Wiktionary: book keeping
and as such is available under the Creative Commons Attribution/Share-Alike License.

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