Everyone does bookkeeping.  Bookkeeping is the activity of recording financial transactions. When you balance your checkbook you are doing bookkeeping.

In a business, bookkeeping is the activity of recording the financial transactions of a company.

A financial transaction is any activity involving money.

Companies, as well as organizations must keep records of what is spent, owed, bought and sold.

Bookkeeping is essential to the day-to-day operations of a business.

Years ago, bookkeeping was done by using a paper ledger, a pen or a pencil. The likelihood of committing calculation errors was great.

Today most companies use accounting software, like Quickbooks to make this task easier.

However, due to the increasing complexity of tax regulations a Certified Public Accountant (CPA) is usually required to insure compliance with all governmental regulations.

In the long run, a qualified accountant will save a business time and money.

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