Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation.
There are several standard methods of bookkeeping, such as the single-entry bookkeeping system and the double-entry bookkeeping system, but, while they may be thought of as "real" bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.
Bookkeeping refers mainly to the record-keeping aspects of accounting. Bookkeeping involves preparing source documents for all transactions, operations, and other events of the business.
What is the Benefit of Book Keeping?
The bookkeeper brings the books to the trial balance stage: an accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
How we can help?
Registration Karwalo can help you provide bookkeeping services at our office location through a network of qualified experts and professionals all over India.