Bookkeeping, part of the process of accounting used in business, it is simply the recording of financial transactions. These transactions include purchases, sales, payments and receipts made by individuals, organizations or corporations. Any recording of a financial transaction could be considered bookkeeping although there are several standard methods of bookkeeping. The most widely used, and understood, are the single-entry and the double-entry bookkeeping methods.
Bookkeeping is usually performed by a bookkeeper. The bookkeeper records the day-to-day financial transactions of an individual or business. The bookkeeper is responsible for ensuring that all transactions, purchases, sales, receipts and payments, are recorded correctly. Clients are then provided reports from the information recorded by the bookkeeper.
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