bookkeeping
Sign in to saveBookkeeping is the record of financial transactions that occur in business daily or any time so as to have a proper and accurate financial report.
Article
17 sectionsContents
- History
- Process
- Single-entry system
- Double-entry system
- Method
- Cash Accounting
- Accrual Accounting
- Daybooks
- Petty cash book
- Journals
- Ledgers
- Abbreviations used in bookkeeping
- Chart of accounts
- Computerized bookkeeping
- See also
- References
- External links
Bookkeeping is the record of financial transactions that occur in business daily or any time so as to have a proper and accurate financial report.
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.