Bookkeeping

usgb/ˈbʊkkiːpɪŋ/
noun

The process of recording the money earned, spent, or owed by a business or person.

Without proper bookkeeping, it would be hard for a business to track its financial progress.
Visual representation of "bookkeeping" - The process of recording the money earned, spent, or owed by a business or person.

Often appears as...

  • accurate bookkeeping
  • digital bookkeeping

Usage tips

Technical

Definition 1 of 1
Visual representation of "bookkeeping"
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Business Necessity

Bookkeeping is crucial for businesses to manage finances and comply with laws.

Illustration for Business Necessity
Her small business flourished because of meticulous bookkeeping.
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Beyond Recording

Bookkeeping also involves organizing and summarizing financial transactions, not just recording them.

Illustration for Beyond Recording
Good bookkeeping provides a clear financial picture at year-end.
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Digital Tools

Today, digital bookkeeping uses software for efficient financial tracking and analysis.

Illustration for Digital Tools
Using digital bookkeeping, she completed the audit in no time.
Visual representation of the word "Bookkeeping"

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