Bookkeeping [NEW]

: Tracking money the business owes to vendors and money owed by customers.

Bookkeeping is the systematic process of recording, organizing, and tracking all daily financial transactions of a business. It serves as the foundational layer of a company's financial records, ensuring that every dollar earned or spent is accurately monitored. 📌 Core Responsibilities of a Bookkeeper bookkeeping

: Spotting tiny discrepancies during reconciliations. : Tracking money the business owes to vendors

: Preparing standard documents like the balance sheet, income statement, and cash flow statement. ⚖️ Bookkeeping vs. Accounting bookkeeping

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Bookkeepers act as the backbone of a business's daily financial operations. Key tasks typically include: