Definitions for bookkeeping
ˈbʊkˌki pɪŋbook·keep·ing

Princeton's WordNet(5.00 / 2 votes)Rate this definition:

1. bookkeeping, clerkingnoun

   the activity of recording business transactions

Wiktionary(0.00 / 0 votes)Rate this definition:

1. bookkeepingnoun

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

Webster Dictionary(0.00 / 0 votes)Rate this definition:

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

Freebase(0.00 / 0 votes)Rate this definition:

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. Richard Evelyn Byrd, Sr.:

   A hand from Washington will be stretched out and placed upon every man’s business; the eye of the Federal inspector will be in every man’s counting house. The law will of necessity have inquisitorial features, it will provide penalties. It will create a complicated machinery. Under it businessmen will be hauled into courts distant from their homes. Heavy fines imposed by distant and unfamiliar tribunals will constantly menace the taxpayer. An army of Federal inspectors, spies and detectives will descend upon the state. They will compel men of business to show their books and disclose the secrets of their affairs. They will dictate forms of bookkeeping. They will require statements and affidavits. On the one hand the inspector can blackmail the taxpayer and on the other, he can profit by selling his secret to his competitor.

Images & Illustrations of bookkeeping

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