Bookkeeping

Bookkeeping for a successful Business

Bookkeeping is often the most important function of accounting. Good bookkeeping creates a foundation of accuracy and reliability.

Bookkeeping for a successful Business

Author

Rob

Rob

Created Nov 03, 2022

Updated Nov 01, 2022

1) Bookkeeping is the process of recording and categorizing financial transactions to provide accurate and up-to-date financial statements.

2) I n Canada, bookkeeping is governed by Generally Accepted Accounting Principles (GAAP).

3) GAAP requires that financial statements be prepared using double-entry bookkeeping.

4) Double-entry bookkeeping