Bookkeeping Definition & Meaning

It acts a lot like a thesaurus except that it allows you to search with a definition, rather than a single word. So in a sense, this tool is a “search engine for words”, or a sentence to word converter. The activity of keeping your own financial records and the job of doing the same thing for a company are both considered bookkeeping. Some people teach themselves basic bookkeeping and others hire experts to do it for them. For an accountant to be able to organise financial records properly and balance finances accurately, the information provided by the bookkeeper also needs to be correct.

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• The whole topic area can be classed as accounting, whereas bookkeeping is only a part of the system that uses aspects of accounting within its practices.
• Two days later he again appeared in the office with the result of a count that had been asked for by Mr. Hesse, the bookkeeper.
• A person responsible for keeping records or documents, such as of a business.
• Business owners, shareholders, investors and many others depend on these financial reports for updates on its performance and overall success.

There are obviously specific signs for many words available in sign language that are more appropriate for daily usage. The word real estate bookkeeping in the example sentence does not match the entry word. In situations like these, you need to do bookkeeping of your own.

Sentences with bookkeeping

A lot of people think the two roles are the same, however, the term bookkeeping refers to recording financial transactions and activities on a daily basis. The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses. It simply looks through tonnes of dictionary definitions https://www.good-name.org/how-accounting-services-can-help-real-estate-companies-optimize-their-finances/ and grabs the ones that most closely match your search query. For example, if you type something like “longing for a time in the past”, then the engine will return “nostalgia”. The engine has indexed several million definitions so far, and at this stage it’s starting to give consistently good results .

• It simply looks through tonnes of dictionary definitions and grabs the ones that most closely match your search query.
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• The son of a schoolteacher and a bookkeeper, Hoskins had gypsy blood in him from his Romani grandmother.
• Though neatly turned out, he looked a little like an out-of-work bookkeeper.
• Users with more than 2500 reputation and a total answer score of 5 or more on the tag, can suggest tag synonyms.
• An account is a record of all the money a person or company spends and receives.

Dean spent the balance of the afternoon doing bookkeeping for the lodging establishment. Helping the business owner in understanding the impact of financial decisions. This last case, of the bookkeeper engaged to the clerk, is the modern situation at its happiest normal.

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Join Macmillan Dictionary on Twitter and Facebook for daily word facts, quizzes and language news. Accountancy, accounting, book, bookkeeper, books, record-keeping, recordkeeping. Although the two are different entities, they dovetail really well and can contribute to the great success and organisation of a business if carried out properly.

Not only does it cover this, but accounting also reviews financial reporting and performance, then reports back to the relevant people with this information. Business owners, shareholders, investors and many others depend on these financial reports for updates on its performance and overall success. The work or skill of keeping account books or systematic records of money transactions . Go to the thesaurus article about these synonyms and antonyms of bookkeeping .

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Otherwise, figures won’t be recorded right, meaning that records and updates will also be inaccurate. Bookkeeping is keeping track of a business’s financial transactions. Most bookkeeping these days happens on computers rather than in actual books. Accounting gives you the data your business needs to make better decisions.

• The word in the example sentence does not match the entry word.
• Actor and explorer Michael Palin, visiting in 2001, described one elderly bookkeeper showing off his priceless wares.
• I went in a stripling and grew into manhood with muscled arms big as a bookkeeper’s legs.
• The engine has indexed several million definitions so far, and at this stage it’s starting to give consistently good results .

I went in a stripling and grew into manhood with muscled arms big as a bookkeeper’s legs. Though neatly turned out, he looked a little like an out-of-work bookkeeper. She was the CRP bookkeeper who was actively cooperating with the FBI, and, eventually, with Woodstein. The son of a schoolteacher and a bookkeeper, Hoskins had gypsy blood in him from his Romani grandmother. Actor and explorer Michael Palin, visiting in 2001, described one elderly bookkeeper showing off his priceless wares. Text is available under the Creative Commons Attribution-ShareAlike License; additional terms may apply.