Tag Archives: small business bookkeeping

Importance of Bookkeeping

Bookkeeping is coined by two words ‘Book’ and ‘Keeping’ where ‘Book’ means the set of financial transaction and ‘Keeping’ means preservation.  So bookkeeping means the process of maintaining financial transaction.  Sales, purchase, earnings and payments are all carefully documented so that all the inflow and outflow of money is accounted for. Hence it is an […]

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