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The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and ...
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. [1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person or an organization ...
Legal cashier. A Legal Cashier is a specialized type of bookkeeper for law firms responsible for the accounting and finance functions of a solicitor 's practice such as recording day-to-day financial transactions and ensuring compliance with the Solicitors' Accounts Rules. [1] The term "Legal Cashier" is in common use within the legal ...
With hand-written ledgers being obsolete and all aspects of accounting being digitized, more and more small businesses are finding that they have no need for a full-time bookkeeper who comes into ...
e. Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and ...
v. t. e. An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant.
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