What is bookkeeping?
Bookkeeping is the process of recording and organizing financial transactions for a business or individual. This includes tracking income, expenses, assets, and liabilities to maintain accurate financial records. Bookkeeping is essential for monitoring cash flow, preparing financial statements, and ensuring compliance with tax regulations. A skilled bookkeeper can provide valuable insights into the financial health of a business and help make informed decisions for future growth and success.
This mind map was published on 12 March 2025 and has been viewed 22 times.
