Bookkeeping

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Related to Balance books: balance sheet

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
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References in periodicals archive ?
However, there is still a need to balance books at the same time.
NEW INJURY HEARTACHE FOR CLARK
Neat balance books and a lack of debt are admirable and responsible.
United no longer the fashionable choice
Let's get rid of Coun Whitby and the Lib Dems before thousands more lose their jobs under a council that can't add up or balance books.
Council wasting cash; YourSay
When the government pumped tens of billions of pounds into the banking system earlier this year there was an expectation that once their balance books had been firmed up, they would pass on this largesse to the consumer.
Why no influence over banks' lending? COMMENT
That is patently being ignored by those LEAs in their rush to balance books.
Sacrificed to economics
Gordon tells us the economy is sound but his pre-Budget statement revealed he's to borrow pounds 10bn more than expected to balance books.
Business A-Zof 2003; In the first of a two-part series, Glyn Mon Hughes takes a wry look at the business world during the past year
Mr McGrath added customers shouldn't have to fill the hole in the banks' balance books made by tracker mortgages.
MORTGAGE RATE BOOST; Trackers benefit.. but variables still 'gouged'
Despite 70 per cent of hospitals, primary care trusts and other services scoring extremely well where the balance books are concerned, the actual quality patients receive on the wards is a very different story.
Quality of care in region falls; HEALTH: Trusts balance books but there are worries on wards
As the recession tightens its icy fingers around the neck of the business community, companies study their balance books with increasing trepidation.
How video conferences meet the needs of the crunch; COMMUNICATION Firms look to cut costs of meetings while boosting green credentials as credit crunch bites In association with www.rbs.co.uk
For too long, people living in small rural and urban communities have been punished in an attempt to balance books and secure votes and it is no longer acceptable.
Selfish fly-tipping is 'worse than wind farms' and must be halted
Managers of all departments are taking action to balance books.
Spending fears are looming
The BBC's balance books reveal we are definitely getting more generous.
GIVE IT OUR ALL; Kind-hearted Scots dig deep to raise funds for Children In Need, Band Aid and the Lotto good causes

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