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bookkeeping

/ˌbʊ(k)ˈkipɪŋ/
/ˈbʊkkipɪŋ/
IPA guide

Bookkeeping is keeping track of a business's financial transactions. Most bookkeeping these days happens on computers rather than in actual books.

The activity of keeping your own financial records and the job of doing the same thing for a company are both considered bookkeeping. Some people teach themselves basic bookkeeping and others hire experts to do it for them. The word bookkeeping comes from the sense of book that means "record" or "written document," and it has the distinction of being one of very few words in English with three consecutive double letters.

Definitions of bookkeeping
  1. noun
    the activity of recording business transactions
    synonyms: clerking
    see moresee less
    types:
    single entry, single-entry bookkeeping
    a simple bookkeeping system; transactions are entered in only one account
    double entry, double-entry bookkeeping
    bookkeeper debits the transaction to one account and credits it to another
    type of:
    accountancy, accounting
    the occupation of maintaining and auditing records and preparing financial reports for a business
Pronunciation
US
/ˌbʊ(k)ˈkipɪŋ/
UK
/ˈbʊkkipɪŋ/
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