Bookkeeping
(noun)
- The process of maintaining written records of financial transactions.
- The art of recording and classifying business financial transactions in a systematic manner.
Origin:
The word bookkeeping comes from the noun book, meaning a written record of financial transactions, and the verb keep, meaning to maintain or preserve. together, bookkeeping refers to the process of maintaining written records of financial transactions.
Examples:
- She hired a professional to do her bookkeeping.
- The small business owner had to stay up late to finish the bookkeeping.
- Bookkeeping is an essential part of any business, allowing them to track income and expenses.
- Many businesses outsource their bookkeeping to save time and reduce the risk of errors.
- Bookkeeping is the process of recording and classifying financial transactions in a systematic manner, including sales, purchases, receipts, and payments.