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.

References in periodicals archive ?
The AOP's online bookkeeping system is available via the AOP website and costs 35 [pounds sterling] pa.for a non-VAT registered business and 45 [pounds sterling] for VAT registered businesses.
For CPAs, the road begins with cost-effective outsourced online bookkeeping and accounting services.
RemoteBooksOnline is an online bookkeeping company specializing in small-business bookkeeping.

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