In simple language-maintaining the records of the financial activities of a business or an individual.
Bookkeeping's objective is simply to record and summarize financial transactions into a usable form that provides financial information about a business or an individual.
Can't you hire an accountant to come after the end of the year and get your check book and shoe box and do your taxes ? And yes you will have adequately fulfilled your taxpayer obligations.
But in order to run a business and know what, where, and when to take corrective actions requires business information.
Accountants normally plan and set up the accounting and bookkeeping system for a business and turn over the day to day record keeping to the owner or one of his/her employees.
Bookkeeping is the process of recording and classifying business financial transactions (activities).
Purchase E-book or CD Versions A menu of all the bookkeeping lessons is presented at the top and bottom of all the lessons.
A back and next arrow also allow you to go back to the prior lesson or on to the next lesson.
Users can be grouped into two broad categories namely internal users and external users.
Internal users are the managers and the owners and employees who actually work for the business.In other words, this tutorial is for beginners (newbies) or those needing a quick refresher and is only an introduction into the world of accounting. I still need to maybe add a few more quizzes, additionl videos, and review all the lessons for content.