The activity of bookkeeping.
An example of bookkeeping is the process of documenting bank statements each month.
bookkeeping - Investment & Finance Definition
The process of recording financial transactions and maintaining the financial records to support a com-pany’s financial statements. Bookkeeping is only one small part of accounting, which is the overall examination of a company’s financial results.
- If you have no previous experience with basic bookkeeping, you may wish to speak with a qualified accountant to see what records will be necessary and determine how starting your business will affect your family's tax liability.
- Although helpful, the accounting aspects of these programs are insufficient to manage all of the organization’s bookkeeping needs, making it necessary for it to acquire separate software for the task.
- Paperless applications make it painless to get the bookkeeping end of your sign-up completed, and money from sales is delivered promptly -just two days after the transaction- once things are rolling.
- As a small business owner, the designer will be responsible for attracting and retaining clients, bookkeeping, taxes, hiring (and firing) staff, and other management functions.
- He needs to have the analytical skills involved in completing the bookkeeping tasks, payroll, and being careful not to go over the budget when working with vendors.