Bookkeeping

Bookkeeping, is the systematic routine method of retrieving financial information categorizing and outing it into an accounting system and generating reports to make a better decision in the future.

• The recording of Past Financial Data to make future business decision.

5 Main Category for Transaction

1. Assets

• Inventory

1. Liabilities (Future obligation like Payroll)
2. Equity (
3. Revenue (Sales)
4. Expenses

QuickBooks

6 steps process to

Reconcile your transaction (Matching all of your transaction with your bank account)