There are different types of bookkeeping methods available, and choosing the right one for your business can be a challenging task. In this article, we will discuss the three primary bookkeeping methods: single- entry bookkeeping, double-entry bookkeeping, and computerized bookkeeping.

Common examples of bookkeeping include: Recording financial transactions. Posting debits and credits to a journal. Preparing financial statements.

Bookkeepers are the financial record-keepers of a business. They collect invoices and receipts, record cash flow, pay wages and prepare tax documents. These are some of the tasks that bookkeepers perform.

Bookkeepers and accountants sometimes do the same work, but have a different skill set. In general, a bookkeeper's role is to record transactions and keep you financially organized, while accountants provide consultation, analysis, and are more qualified to advise on tax matters.