Bookkeeping (Noun)
Meaning
The activity of recording business transactions.
Classification
Nouns denoting acts or actions.
Examples
- The company hired a professional accountant to manage their bookkeeping and ensure accurate financial reports.
- Bookkeeping involves recording business transactions, tracking expenses, and maintaining ledgers that provide an up-to-date picture of a company's financial situation.
- She took an online course in bookkeeping to improve her chances of getting hired as a financial assistant.
- The new software greatly simplified the task of bookkeeping by automating many of the day-to-day transactions.
- Effective bookkeeping is essential for small businesses to make informed financial decisions and monitor their performance.