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What is bookkeeping & how does it work?

It involves recording transactions and storing financial documentation to manage the overall financial health of an organization. Most businesses use an electronic method for their bookkeeping, whether it’s a simple spreadsheet or more advanced, specialized software.

What does a bookkeeper do?

Bookkeepers work with a variety of clients and are responsible for handling the daily financial activities associated with a client’s business. They oversee and record all incoming and outgoing transactions, create budgets, balance ledgers and may even manage payroll.

What is financial bookkeeping?

Financial bookkeeping is the record-keeping aspect of accounting. It includes recording all daily transactions. These are individual entries in journals or ledgers that summarize each business transaction. Accountants use these journals to prepare your financial statements.

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