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DEFINITIONS
OF BOOK KEEPING
Book keeping is the process of recording your company’s financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process for a few reasons. When you keep transaction records updated, you can generate accurate financial reports that help measure business performance.
Book keeping
involves the recording, on a regular basis, of a company’s financial
transactions. With proper bookkeeping, companies are able to track all
information on its books to make key operating, investing, and financing
decisions.
Book keeping
refers to the daily tasks of recording and managing a business's financial
information. Data like transactions, expense accrual and other financial
information can be accounted for in the completion of bookkeeping tasks.
Bookkeeping can be an essential function of running an organization, as it
allows for tracking all financial information that is needed to make sound
financing and operating decisions.
Book keeping is a process of recording and organizing all the business transactions that have occurred in the course of the business. Bookkeeping is an integral part of accounting and largely focuses on recording day-to-day financial transaction of the business.
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