Another word for BOOKKEEPING > Synonyms & Antonyms

Check out RelatedWords.org to get words related to a single word. Definition and synonyms of bookkeeping from the online English dictionary from Macmillan Education. Join Macmillan Dictionary on Twitter and Facebook for daily word facts, quizzes and language news. Accountancy, accounting, book, bookkeeper, books, record-keeping, recordkeeping. Here’s a list of similar words from our thesaurus that you can use instead. Although the two are different entities, they dovetail really well and can contribute to the great success and organisation of a business if carried out properly.

• The practice of managing and analysing the accounts is called accountancy and the person who does this is an accountant.
• One of the main components of bookkeeping is managing a general ledger.
• As we mentioned earlier, every business needs to be on the ball when it comes to their bookkeeping, no matter how big or small they are.
• It acts a lot like a thesaurus except that it allows you to search with a definition, rather than a single word.
• The engine has indexed several million definitions so far, and at this stage it’s starting to give consistently good results .

For example, a larger business that receives tens of thousands of orders per day will need a far more complex bookkeeping system than that of a small village bakery. The more transactions you need to record, the more complex your system will need to be to cope. Bookkeeping can help businesses stay organized, track expenses, and stay compliant with regulations. Bookkeeping can also help owners and managers understand their financial position. As we mentioned earlier, every business needs to be on the ball when it comes to their bookkeeping, no matter how big or small they are.

Add to Chrome

Bookkeeping is keeping track of a business’s financial transactions. Most bookkeeping these days happens on computers rather than in actual books. For an accountant to be able to organise financial records properly and balance finances accurately, the information provided by the bookkeeper also needs to be correct. Otherwise, figures won’t be recorded right, meaning that records and updates will also be inaccurate. Accounting gives you the data your business needs to make better decisions.

Helping the business owner in understanding the impact of financial decisions. This last case, of the bookkeeper engaged to the clerk, is the modern situation at its happiest normal. real estate bookkeeping I went in a stripling and grew into manhood with muscled arms big as a bookkeeper’s legs. Though neatly turned out, he looked a little like an out-of-work bookkeeper.

Other synonyms:

A lot of people think the two roles are the same, however, the term bookkeeping refers to recording financial transactions and activities on a daily basis. The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses. It simply looks through tonnes of dictionary definitions and grabs the ones that most closely match your search query.

She was the CRP bookkeeper who was actively cooperating with the FBI, and, eventually, with Woodstein. The son of a schoolteacher and a bookkeeper, Hoskins had gypsy blood in him from his Romani grandmother. Actor and explorer Michael Palin, visiting in 2001, described one elderly bookkeeper showing off his priceless wares.

the activity of recording business transactions

There are obviously specific signs for many words available in sign language that are more appropriate for daily usage. A person responsible for keeping records or documents, such as of a business. Close your vocabulary gaps with personalized learning that focuses on teaching the words you need to know. In situations like these, you need to do bookkeeping of your own. Dean spent the balance of the afternoon doing bookkeeping for the lodging establishment.

If you’re not sure about where your small business bookkeeping can be improved, don’t worry. We’ve put together a checklist that will make sure you’re not forgetting anything when it comes to your bookkeeping. The complexity of bookkeeping software is completely down to whoever is managing it and their preferences, but it can also be formed on the size and demand of the business. In the past, ledgers were created with basic tools like a pen and paper.

What is Bookkeeping in Accounting?

So, the more times there’s a sale or spend, the more often the ledger will be posted. I made this tool after working on Related Words which is a very similar tool, except it uses a bunch of algorithms and multiple databases to find similar words to a search query. That project is closer to a thesaurus in the sense that it returns synonyms for a word query, but it also returns many broadly related words that aren’t included in thesauri.

• For example, suggest “bike” as a synonym for bicycle, or “sock” for socks.
• She was the CRP bookkeeper who was actively cooperating with the FBI, and, eventually, with Woodstein.
• In the past, ledgers were created with basic tools like a pen and paper.
• If you’re not sure about where your small business bookkeeping can be improved, don’t worry.
• That project is closer to a thesaurus in the sense that it returns synonyms for a word query, but it also returns many broadly related words that aren’t included in thesauri.
• If you know of common, alternate spellings or phrasings for this tag, add them here so we can automatically correct them in the future.

For example, if you type something like “longing for a time in the past”, then the engine will return “nostalgia”. The engine has indexed several million definitions so far, and at this stage it’s starting to give consistently good results . It acts a lot like a thesaurus except that it allows you to search with a definition, rather https://www.world-today-news.com/accountants-tips-for-effective-cash-flow-management-in-the-construction-industry/ than a single word. So in a sense, this tool is a “search engine for words”, or a sentence to word converter. 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.