Bookkeeping is basically, the process of keeping full, accurate, up-to-date business records. Proper bookkeeping can help businesses in effectively managing cash flow, staying well-informed about profits and losses, and making plans for the future. Normally, business bookkeeping is used for immediate recording of financial transactions in a cash journal. Maintaining cash journals and other records is considered essential to get an accurate picture of the financial stability of the business; hence, accuracy is needed at every step....
