The systematic recording of a company's financial transactions. The two most common bookkeeping methods are single-entry and double-entry.

Use bookkeeping in a sentence

The company failed to follow any proper bookkeeping procedure, and as a result, they lost a lost of their assets.

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I requested a summary of the last 12 months of sales reports from the bookkeeping department so that I can validate some financial information for the company accountant.

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Like in school it is important to keep a record of your performances. In this case we are taking about finances in your company. So bookkeeping always you to be inform of your company performances and it motivate you to take the necessary path to becoming a better company.

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audit cash basis