Bookkeeping

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Bookkeeping

The process of systematically and methodically recording the financial accounts and transactions of an entity.

Double-entry bookkeeping is an accounting system that requires that for every financial transaction there must be a debit and a credit. When merchandise is sold for cost, there is a debit to cash and a credit to sales.

See: accounting, computation, registration
References in periodicals archive ?
For a quote or further information on the services offered by TWD Accountants, or for information on the AOP's online bookkeeping system, telephone Mr Davies on 0845 129 7017.
based online bookkeeping and controller services; and The Receivables Exchange, an online marketplace for receivables sales, for an end-to-end financial solution.
com), free really simple online bookkeeping for self employed professionals, announced today that the micro business transactions it has recorded for entrepreneurs have doubled in the last six months and now exceed two billion dollars.
com is incredibly simple, online bookkeeping, specifically created for the 20 million Americans who work for themselves.