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Definitions from WordNet

Definitions from the Web

Bookkeeping

Description

Bookkeeping refers to the process of recording and organizing financial transactions and activities of a business or individual. It involves maintaining accurate and detailed records of financial transactions, such as income, expenses, and assets, to ensure proper financial management and decision-making.

Senses and Usages

1. Noun - General Sense

In its general sense, bookkeeping refers to the overall practice of recording financial transactions and maintaining financial records.

Example sentence: The small business owner hired a professional bookkeeping service to handle the financial aspects of the company.

2. Noun - Professional Occupation

As a professional occupation, bookkeeping refers to the job or role of a bookkeeper who is responsible for managing financial records.

Example sentence: He pursued a career in bookkeeping and became a certified bookkeeper to provide financial expertise to various businesses.

3. Verb - Act of Recording

As a verb, bookkeeping pertains to the action of recording financial transactions.

Example sentence: She diligently spent hours bookkeeping and inputting all the receipts and invoices into the system.

4. Adjective - Popular Choice

Bookkeeping can also be used as an adjective to describe something that is widely accepted or preferred.

Example sentence: The software company developed a bookkeeping solution that quickly became the most popular choice among small businesses.

5. Adjective - Local Service

When referring to a specific area or locality, bookkeeping can be used as an adjective to describe a locally provided bookkeeping service.

Example sentence: They decided to hire a local bookkeeping firm to ensure they receive personalized financial assistance tailored to their regional business needs.