Bookkeeping



Bookkeeping and your System

Bookkeeping involves a system which records the transactions occurring in a business on a day to day basis, and the information recorded in this manner makes up the bookkeeping records ...


How to Keep Bookkeeping Records

Entries are made on a daily basis in the order that they occur, but then later on each book is broken down into appropriate categories, or what is known as accounts, to provide a more meaningful summary ...


Dangers of Poor Bookkeeping

Many businesses fail because of inaccurate record keeping. Good record keeping is necessary to highlight problem areas that could cause the failure of the business, or enable information to be extracted ...


Basic Bookkeeping Records

The bookkeeping records that are required in any business are the journals (both purchase and sales journals), the cash receipts book and cash payments book (cash book), and more ...


Cash Books and Cash Budgets

The cash book is a record of all your business transactions that involve the payment and receipt of cash. If the cash book is properly written up it can provide valuable information ...