Bookkeeping


Ron explains it all in just 60-seconds.

So what is bookkeeping, really?

Bookkeeping is the day-to-day job of tracking a business’s financial activity - all the money coming in, going out, and moving around.

Think of it like keeping the receipts for every single thing a business does. It’s not analysis. It’s not strategy. It’s about being organized, accurate, and consistent.

Bookkeeping is the foundation that makes accounting possible. If the books aren’t right, nothing else is. Whether you’re categorizing expenses, reconciling bank statements, or logging payments, you’re bookkeeping.

And yes, there’s software for it. But someone still has to actually understand what’s going on. That’s why every good business has a solid bookkeeper - or it becomes a hot mess real fast.


How people actually use it in a sentence...

“Isaiah was excited to start doing the bookkeeping himself… Until he realized that reconciling was part of the process, too.”


Did you know...

The word “bookkeeping” has been around since the 1400s, and it’s one of the only words in English with three sets of double letters, back to back.


Want the textbook definition? Check out Bookkeeping on Investopedia.com