Bookkeeping

/ˈbʊkˌkiː.pɪŋ/

Meaning & Definition

noun

The recording of financial transactions and the maintenance of financial records.

She enrolled in a course to improve her bookkeeping skills.

The organized system used to track financial activities and balances.

Effective bookkeeping is essential for any business to understand its financial health.

The practice of keeping accurate records of all transactions in a business.

His bookkeeping was meticulous, ensuring nothing went unaccounted for.

The word comes from 'book' + 'keeping', referring to the act of keeping records in books.

double-entry bookkeeping:

A system where every transaction affects at least two accounts.

bookkeeping software:

Programs used to assist with the bookkeeping process.

clean books:

Having accurate and organized financial records.

Keeping tabs on finances.

I need to do some bookkeeping before I can go out.

Money management.

Her bookkeeping game is strong; she knows exactly how much she can spend.