Bookkeeping

Bookkeeping is the practice of recording, classifying, and summarizing financial transactions. It involves tracking income and expenses, as well as preparing reports such as balance sheets, income statements, and cash flow statements. Bookkeeping is an important part of any business because it allows for accurate financial reporting and provides a basis for making informed decisions. By keeping accurate records of all transactions, businesses can track their progress over time and make sure they are staying on top of their finances.