What does bookkeeping entail?


Question: What does bookkeeping entail? 

Bookkeeping is the process of recording and maintaining a systematic, accurate, and comprehensive record of financial transactions of a business. It involves organizing and keeping track of all financial activities such as sales, purchases, receipts, and payments to ensure that the company's financial statements are accurate and up-to-date. The primary goal of bookkeeping is to provide a clear picture of a company's financial health, which can help in making important financial decisions.


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