What is Bookkeeping?

Most people are involved in some sort of bookkeeping, whether for their personal use or for their organization, yet there are many misunderstandings about what bookkeeping actually is. Many San Diego accountants believe that their clients should be educated on bookkeeping in general, so that they can have better understanding of why they do things and what the finances of their own business need to do. Bookkeeping is the recording of all financial transactions undertaken by an individual or organization. The organization may be a business, a charitable organization or even a local sports club. A financial transaction is any event that involves ...