bookkeeping
word
Definition
The process of recording all the money that comes in and goes out of a business or organization, keeping track of financial transactions.
Usage & Nuances
'Bookkeeping' is used mainly in business and finance. It is less formal than 'accounting', which can include more analysis and reporting. Common phrases: 'double-entry bookkeeping,' 'manual bookkeeping,' 'bookkeeping services.' It always refers to recording, not interpreting, financial data.
Example Sentences
Bookkeeping is important for all companies.
basic
He studies bookkeeping at college.
basic
The company hired a new bookkeeping service.
basic
I'm terrible at bookkeeping, so I let my accountant handle it.
natural
With modern software, bookkeeping isn't as hard as it used to be.
natural
Accurate bookkeeping can save a business from lots of trouble.
natural