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Bookkeeping
01
the systematic recording, organizing, and maintaining of financial transactions of a business or organization
Example
Modern bookkeeping software simplifies the process of recording transactions and generating reports.
Accurate bookkeeping is essential for preparing financial statements and tax returns.
The accountant reviewed the company's bookkeeping entries to ensure compliance with accounting standards.
The small business owner hired a bookkeeper to manage the company's daily bookkeeping tasks.
Effective bookkeeping practices help businesses track expenses, manage cash flow, and make informed financial decisions.
