How the Bookkeeping Process Works

Wordcloud Bookkeeping

How the Bookkeeping Process Works The bookkeeper is responsible for overseeing the company’s finances, including purchasing, expenditures, debt, sales and collection. Typically, businesses use a standard bookkeeping system. Documents, such as invoices and receipts, are created for sales and purchases. Deposit slips are generated when money is placed in the bank. Checks are written to […]

What are Bookkeeping and Accounting?

Bookkeeping at computer in office

What are Bookkeeping and Accounting? Many assume bookkeeping and accounting are equivalent, which isn’t the case. They are connected, like sales and marketing, but distinct. A company typically engages in many financial operations and activities over a certain amount of time, e.g. daily or yearly. Due to the large amount, it must monitor its money […]

Basics of Bookkeeping for Small Business

Basics of Bookkeeping for Small Business Every single day, businesses make a lot of financial transactions. A financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Those transactions need to be continually tracked; otherwise, the financial records will be a mess and there can […]