Definitions for BookKeeping
ˈbʊkˌki pɪŋbook·keep·ing

Princeton's WordNetRate this definition:5.0 / 2 votes

1. bookkeeping, clerkingnoun

   the activity of recording business transactions

WiktionaryRate this definition:0.0 / 0 votes

1. bookkeepingnoun

   Accounting: the skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

WikipediaRate this definition:0.0 / 0 votes

1. Bookkeeping

   Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper. The bookkeeper brings the books to the trial balance stage, from which an accountant may prepare financial reports for the organisation, such as the income statement and balance sheet.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Bookkeepingnoun

   the art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger

FreebaseRate this definition:0.0 / 0 votes

1. Bookkeeping

   Bookkeeping in the context of a business is simply the recording of financial transactions. Transactions include purchases, sales, receipts and payments by an individual or organization. Many individuals mistakenly consider bookkeeping and accounting to be the same thing. This confusion is understandable because the accounting process includes the bookkeeping function, but is just one part of the accounting process. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies. There are some common methods of bookkeeping such as the single-entry bookkeeping system and the double-entry bookkeeping system. But while these systems may be seen as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process. Bookkeeping is usually performed by a bookkeeper. A bookkeeper, also known as an accounting clerk or accounting technician, is a person who records the day-to-day financial transactions of an organization. A bookkeeper is usually responsible for writing the "daybooks". The daybooks consist of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger.

Matched Categories

1. • Accountancy

How to pronounce BookKeeping?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say BookKeeping in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of BookKeeping in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of BookKeeping in Pythagorean Numerology is: 2

Examples of BookKeeping in a Sentence

1. Orrin Hatch:

   We can now begin the process of improving basic bookkeeping in the territory and end the opacity and lack of transparency in their finances.

2. Michael Bivona:

   Having retired from the accounting profession and the computer enhancement industry, [I know] there is a shortage of qualified people to perform bookkeeping-computer work and that the wages and flexible time schedules can be very attractive for part-timers.In many instances the work can be performed at home for those who have computers and prefer being in a quiet environment.

3. Pat Toomey:

   This is why they do this sort of thing, because it gets very deep in the weeds and very confusing for people very quickly. It's not really about veteran spending. It's about what category of government bookkeeping they put the veteran spending in.

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