bookkeeping
Maintaining financial records
Bookkeeping is the systematic recording of financial transactions—tracking money coming in and going out of a business or organization.
A bookkeeper maintains ledgers, reconciles accounts, and ensures records are accurate and current.
Bookkeeping provides the raw data that accountants later analyze.
She handles the bookkeeping for three small businesses.
Financial record book
- journalRecord of daily events
- entriesItems logged or submitted
- debitsRecorded account reductions
- creditsUnits toward graduation
double-entry · trial balance · general ledger · accounts payable · accounts receivable · chart of accounts · reconciliation · accruals
Formal accounts examination
- verificationProving something accurate
- reviewCritical written assessment
- oversightSupervision or inadvertent omission
- regulationsEnforced rules and standards
standards · internal controls · tax records · documentation · certification · accuracy · due diligence · retention
Itemized payment demands
- receiptsTransaction documentation
- paymentsMoney given for obligations
- depositsMaterial settled or stored
- withdrawalsRemoval of deposited funds
bills · transfers · purchase orders · expenses · revenue · refunds · payroll · reimbursements
Showing extreme attention to detail
- accuracyDegree of correctness
- detailSingle small element
- thoroughComplete in every detail
- carefulExercising caution and attention
methodical · orderly · diligent · exactness · conscientious · systematic · error-free · balanced
Storing documents systematically
- categorizationArranging into groups
- systematizationCreating ordered structure
- classificationSystematic grouping by traits
- sortingArranging into sequence
indexing · archiving · databases · spreadsheets · folders · tabs · labels · chronological
ledger
Financial record book
credits · double-entry · trial balance · general ledger · accounts payable · accounts receivable · chart of accounts · reconciliation · accruals · adjustments
audit
Formal accounts examination
- verificationProving something accurate
- reviewCritical written assessment
- oversightSupervision or inadvertent omission
regulations · standards · internal controls · tax records · documentation · certification · accuracy · due diligence · retention · accountability
invoices
Itemized payment demands
- receiptsTransaction documentation
- paymentsMoney given for obligations
- depositsMaterial settled or stored
bills · withdrawals · transfers · purchase orders · expenses · revenue · refunds · payroll · reimbursements · petty cash
meticulous
Showing extreme attention to detail
careful · methodical · orderly · diligent · exactness · conscientious · systematic · error-free · balanced · verified
filing
Storing documents systematically
- categorizationArranging into groups
- systematizationCreating ordered structure
- classificationSystematic grouping by traits
sorting · indexing · archiving · databases · spreadsheets · folders · tabs · labels · chronological · alphabetical
- Office Supportadministrative assistants, clerical work, filing, data entry, receptionists
- Side Hustlesfreelance, small business, self-employment, consulting, dropshipping
- keeping thingssafekeeping, recordkeeping, housekeeping, timekeeping, scorekeeping
- finance termsnet profit, gross profit, budget, credit, debt
- servicescleaning services, streaming, delivery services, salon, bellhop
- bankingbank, banks, ATM, ATMs, account
bookkeepingcooking the books
Manipulating financial statements illegally
embezzlement · creative accounting · fraud · mismanagement · disorganization
bookkeepingauditing
Examining records for accuracy
audits · financial auditing · external audit · verification · forensic accounting
bookkeepingfinancial strategy
Plan for managing money
financial planning · investment analysis · fiscal policy · wealth management · corporate finance
book, keeping, keep, books, keeper, bookish, accounting, bookkeeper, bookshelf