bookkeeping

noun

  • Tax Law
  • Banking and Finance

Definitions of bookkeeping

  • the activity or job of recording the financial affairs of a business or other institution

    Manager shall keep all daily accounts and perform the necessary daily bookkeeping in connection with the business of each of the nightclubs.

Phrase Bank for bookkeeping

  • An exercise in double entry bookkeeping is given in Appendix 3.1.

  • The position involves routine bookkeeping.

  • Manager shall keep all daily accounts and perform the necessary daily bookkeeping in connection with the business of each of the nightclubs.

  • A separate bookkeeping account shall be maintained for each Participant.

  • Said duties and responsibilities shall include accounting and bookkeeping functions.

  • “Celera Stock Unit” shall mean the bookkeeping entry representing the equivalent of one share of Celera Stock.

Additional Notes for bookkeeping

  • Bookkeeping and bookkeeper are the only words in the English language that includes three consecutive sets of double letters without a hyphen.

Common Mistakes for bookkeeping

  • The terms bookkeeping and accounting are often used interchangeably. However, the term bookkeeping is properly used to describe the mechanical recording of debits and credits, rather than any analysis of a company’s accounts. The term accounting requires an element of judgment or analysis as to eg how a transaction should be recorded.