The account bookkeeping process involves four simple steps that are as follows. Analyzing financial transactions. Writing the original entries. Preparation of the ledger accounts.

Virtual Bookkeeping is ideal for parents who want a job at home while they take care of their kids. Don't let the thought of numbers and doing math intimidate you — bookkeeping is a skill anyone can learn. It's definitely a bonus if you're detail-oriented, organized, and have a background in administrative work.

There are different bookkeeping methods. Each one of these is designed to track specific types of business transactions. For example, there's cash basis accounting and accrual basis accounting. You need to decide which accounting method you will use for your company.

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