This is the process of recording of financial transactions and is part of the process of Accounting in the Business. Transactions include purchases, sales, receipts, and payments by an individual person or an organisation/corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as “real” bookkeeping, any process for recording financial transactions is a bookkeeping process.

Bookkeeping is the work of a bookkeeper (or book-keeper), who records the day-to-day financial transactions of a business. They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the General Ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper.

Bookkeeping refers mainly to the record-keeping aspects of financial accounting and involves preparing source documents for all transactions, operations, and other events of a business.

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.

So, we are Accountants, do these processes of activities in terms of your business in order to keep proper records for you.