What is bookkeeping and how it works?

Bookkeeping is the process on the systematically the recording and balancing the financial transactions including details and copies of invoices and receipts, bank statements and other paperwork required for accounting purposes affecting a business. Understanding basic Bookkeeping procedures is an important process of any organization includes list of the below point. Account Reconciliation General Ledger Maintenance Inventory Reconciliation Payroll Processing Cash Flow Management Payroll Administration Budgeting Credit Card & Bank Reconciliation Taxation Services VAT Services Bookkeeping Services and E-Accounting procedure Single Entry System Double Entry System Financial Services Accounting data entry & Administration Bookkeeping Cal View the rest of this article