This course is sutable internationally. Bookkeeping is the act of keeping the records of all financial transactions in a systematic way and in chronological order. Simply put, it is only the recording side of accounting. It is performed by a bookkeeper, who is in charge of recording the day-to-day financial transactions of a business. He or she has to record all purchases, sales, receipts, and payments that happen every day and ensures that all transactions are recorded in the correct ledger. An accountant create reports out of the information on the financial transactions recorded by the bookkeeper.
Bookkeeping is a necessary and essential subset of accounting. It provides the financial information infrastructure of an entity since it is the process of accumulating, organizing, storing, and accessing the financial information basis of an entity to satisfy two basic goals: (1) Facilitate the day-to-day operations of the entity and (2) Prepare financial statements, tax returns, and internal reports to the management.
About the Author
Dharsh is an experienced bookkeeper and accounting expert himself who not only has sound knowledge of policies and procedures, but has an excellent ability to convey a technical subject in an easy to understand form that excites and engages students.
Course Type: Online
NZQA Credits: N/A
Study Method: At Your Own Pace
Hours: Part Time
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