Bookkeeping is an important management tool for any business to help them record all the financial transaction. A bookkeeper is one who keeps all the records of an organization and he is known as an accountant clerk. No matter whether an organization is a business, charity or a local club, bookkeeping is important in all organizations. It is an essential part of any business or an organization to run it smoothly. Without bookkeeping you cannot accumulate accounting information correctly.
Double -entry bookkeeping system is the most commonly used bookkeeping system. A bookkeeper is responsible for writing up the daybooks for you. The daybooks comprises of all the records of purchase, sales, receipts and payments. It’s the responsibility of bookkeepers to ensure that all transactions are recorded accurately in the supplier’s ledger, customer ledger, and daybook. Further the bookkeeper will bring the books to the trial balance phase for a financial account.
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