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Bookkeeping
(redirected from Online bookkeeping)

    Also found in: Encyclopedia, Wikipedia 0.02 sec.

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.
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Virtual Growth plans to expand its services nationwide in the first quarter of the year 2000 to become the leading provider of outsourced online bookkeeping and accounting services for fast-growing small and medium-sized businesses.
Virtual Growth Closes On $12 Million in Funding; Preparing for ... by Business Wire
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