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 ?
Twinfield's online bookkeeping software has fantastic reporting and analysis capabilities, the system is incredibly reliable and cost effective, and we can easily add users and new functionality as we continue to grow.
com is a free online community of incredibly simple, online bookkeeping services for the self-employed.
com/), the recently introduced online bookkeeping service for sole proprietors, freelancers, entrepreneurs and the smallest of small businesses (five or fewer employees), has become the first SaaS (software as a service) site and the only bookkeeping software of any kind to offer fully integrated automatic calculation of estimated state taxes.
WorkingPoint is so much more than an online bookkeeping application.
As the creator and CEO of a revolutionary new online bookkeeping service called IAC-EZ (http://www.
The Free Online Bookkeeping Service and the Leader of Small Business Web Solutions Team Up in Unprecedented Move to Help Millions of Entrepreneurs Get their Businesses off the Ground