Bookkeeping (noun)

  1. The process of maintaining written records of financial transactions.
  2. 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:

  1. She hired a professional to do her bookkeeping.
  2. The small business owner had to stay up late to finish the bookkeeping.
  3. Bookkeeping is an essential part of any business, allowing them to track income and expenses.
  4. Many businesses outsource their bookkeeping to save time and reduce the risk of errors.
  5. Bookkeeping is the process of recording and classifying financial transactions in a systematic manner, including sales, purchases, receipts, and payments.
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