Bookkeeping

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Bookkeeping

The practice or profession of recording transactions. That is, bookkeeping involves maintaining financial records, noting expenses or revenue, and determining how much one owes or is owed. It is related to, but distinct from, accounting. While accountants create reports based on financial information, bookkeepers record the information itself.
References in periodicals archive ?
Learn about essential business skills such as marketing, cash flow forecasting, profit and loss forecasting, book keeping and business planning, as well as finding out how things like legal status, VAT, and National Insurance will affect your business.
TWO Black Country bosses have been handed fines and costs totalling pounds 700 after failing in their book keeping duties at their separate businesses.
From business planning to book keeping, they helped with everything, even applying for funding so I could buy a great suit," Alex said.
A Wolverhampton chartered accountancy practice believes it is set to revolutionise the management of client book keeping.