Bookkeeping

Bookkeeping is the process of tracking and recording a business’s financial transactions. These business activities are recorded based on the company’s accounting principles and supporting documentation. This package provide ways to record and manage the business transactions.

Documents:

• Bills
• Receipts
• Invoices
• Purchase Orders

Common transaction categories:

• Goods
• Services
• Wages
• Taxes

Financial statements:

• Balance sheets
• Income statements
• Cash flow statements

The following documents are required for double-entry bookkeeping:

• Journal entries
• General ledgers
• Inventory
• Cashbooks
• Accounts payable
• Accounts receivable
• Loans
• Payroll