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 ?
Point by point introduction of expenses and exact evaluations should likewise be possible using outsource QuickBooks Bookkeeping. Helping with making particular duties for different buys is a standout amongst other elements of the said programming.
CHANGING CAREER: Natalie Stirland, who moved from from cookery tutor in adult education to become an accounts administrator at an architect's firm after studying bookkeeping at Stockton Riverside College
Many authors have speculated on what gave rise to the emergence of double entry bookkeeping and have suggested a number of contributory, factors, including population growth, expansion of trade, the acceptance of credit, educational advances in medieval universities, the growth in the use of agents, joint ventures, partnerships, the switch to a monetary economy, and the increased stability of currency in 13th century Venice (e.g.; De Roover [1942], Yamey [1947], De Roover [1956], Williams [1978], Hoskin and Macve [1986], Edwards [1989], Mills [1994], Macve [1996], Arlinghaus [2006], Carmona and Ezzamel [2009], Oldroyd and Dobie [2009], Heeffer [2010]).
Their tailored learning packages guide students through all the main aspects of bookkeeping, including final accounting for sole traders, partnerships, limited liability companies, clubs and societies.
Steven Beavis, a skills adviser at Gateshead-based Access Training, said: "For young people an apprenticeship in bookkeeping can open many doors - you could work for virtually any type of company in any sector."
Daud Mohammed, practice manager at Ariston Accountants, said: "We wanted an apprentice who could be trained to handle all our bookkeeping needs.
As a BookKeeping Express franchise, the Leominster office has the support of the BookKeeping Express Team Center in Boise, Idaho, "to take care of any outsourced bookkeeping needs so (Ms.
How to Open & Operate a Financially Successful Bookkeeping Business comes with a companion CD-ROM containing all the forms from the book plus an editable business plan in Word format, and is a key winner for any business collection.
According to the expert, up to 40 per cent of all small and medium-sized firms are being targeted in this latest campaign and businesses with poor bookkeeping records - where tax is more likely to have been underpaid - are at higher risk of investigation.
Wyandt Accounting Services and CCSI Bookkeeping Services recently moved to a new office at 4200 Meridian St.
Relevant qualifications include: AS or A Level in Accounting; Association of Accounting Technicians (AAT) Level 2 Certificate in Book-keeping; Institute of Certified Bookkeepers (ICB) Level 1 Certificate in Basic Bookkeeping or Level 2 in Manual or Computerised Bookkeeping; OCR Level 1 Certificate in Bookkeeping and Levels 2 and 3 Certificates in Accounting and City & Guilds (8953) Levels 1 and 2 Certificates in Bookkeeping and Accounts.
"Alpha Teach Yourself Bookkeeping in 24 hours" will educate you on how to be a competent bookkeeper for your small business in a crash course of twenty four hours of education teaching you to Establish a bookkeeping system that's in compliance with general principles, reviewing money saving tax strategies, processing payroll reports correctly, and finding the best software, among other invaluable information.