Practical and Helpful Tips: Accounting

Interesting Facts about Tax Preparation, Bookkeeping and Payroll The term bookkeeping is defined as the recording of any financial transactions and it is recognized as the part of the process of accounting in the business industry. Some of the common financial transactions made by any business companies or any individuals include receipts, purchases, payments or sales. Any processes that involves the act of recording different kinds of financial transactions by business companies is called as bookkeeping, and the two common entry systems of bookkeeping include the single-entry bookkeeping system and the double-entry bookkeeping system. The term bookkeeper is basically referring to any professionals who has the duty or the role to record the daily financial transactions of the business company where they’re working at and this records are being written on the daybooks, and to be more specific, the bookkeepers are the ones who performs the various process of bookkeeping. …