Without the right accounting software, you may work with several different tools to manage your finances. You might use a dedicated tool for payroll and a spreadsheet for tracking projects, plus a Customer Relationship Management system (CRM) and a manual inventory tracking system.

Bookkeeping is the process of recording your company's financial transactions into organized accounts on a daily basis. It can also refer to the different recording techniques businesses can use. Bookkeeping is an essential part of your accounting process for a few reasons.

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.