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Bookkeeping is the practice of recording a business's financial transactions. The job may also entail office tasks like payroll and accounts management.

Bookkeeping is the practice of organizing, classifying and maintaining a business's financial records. It involves recording transactions and storing financial documentation to manage the overall ...

Bookkeeping entries under this system don't match transactions to corresponding accounts, which can make tracing revenues and expenses more difficult.

Learn about the double-entry method of bookkeeping and how it works in the general ledger. Every accounting transaction has two effects on finances.

In cash-basis bookkeeping, those transactions reflect only the payments that have actually been made and cash physically received, so there is no audit of outstanding transactions.

Double entry is the standard accounting method that requires every financial transaction to be recorded twice to reflect both a credit and a debit.