Basics of Bookkeeping

Bookkeeping is the process of recording your company's financial transactions and is the first basic step of the accounting process. Bookkeeping handles all your financial data. It can be checks, receipts, purchases etc.

The bookkeepers are mainly responsible to organize your accounts in a proper way. They update your transactions in a way so that your financial accountant can generate the financial statements. Keeping balanced books will ensure that you know where your money is going.

Investors and lenders will want to see accurate and complete financial data before granting you financing. If you are seeking or plan to seek outside capital, your books must be in order.