Word Noun
bookkeeping
n.
B2 Upper Intermediate US /ˈbʊkˌkipɪŋ/ UK /bˈʊkkiːpɪŋ/ book·keep·ing UK spelling bookkeepings
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.”
This entry
Level B2 · Upper Intermediate
Frequency Occasional
Updated