Bookkeeping is the process of recording and tracking all financial transactions of a business, including purchases, sales, receipts, and payments. It involves keeping accurate and up-to-date records of all financial transactions to ensure that the business’s financial statements are accurate and reliable.
Also, Capital accountants typically use a standardized system of bookkeeping to keep track of their customer’s financial records. Here are the general steps they might take:
1-Gather financial documents
2-Organize transactions
3-Enter transactions into an accounting system
4-Reconcile accounts
5-Produce financial statements
6-Analyze financial data
7-Provide recommendations
