Word
bookkeeping
Phoneticsbook·keep·ing, stress on the first syllable
US/ˈbʊkˌkipɪŋ/
UK/bˈʊkkiːpɪŋ/
Accounting
Definition
n. the process of recording all the financial transactions for a business. It involves keeping track of money coming in and going out so you know your total balance.
n. the systematic recording of financial transactions, including the preparation of financial statements and the maintenance of accounting records.
Examples
“She handles all the bookkeeping for the small shop.”
“The company hired a professional to manage the bookkeeping because the owner was too busy with daily operations.”
“While accounting focuses on the interpretation and analysis of financial data, bookkeeping remains the foundational task of recording every transaction in a consistent and verifiable manner.”
Examples
simple
“She handles all the bookkeeping for the small shop.”
contextual
“The company hired a professional to manage the bookkeeping because the owner was too busy with daily operations.”
complex
“While accounting focuses on the interpretation and analysis of financial data, bookkeeping remains the foundational task of recording every transaction in a consistent and verifiable manner.”
Real-World Examples
“They invented double entry bookkeeping and zero became an essential tool in balancing the books.” Idioms
Domain
- Exam level
- CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B2 FirstIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.5.5–6.5TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 4.0–4.572–94TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.785–944
- Frequency
- Occasional
- Level
- B2 · Upper Intermediate
- Updated
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QR code
englishreference.com/q/bookkeeping