All terms
Finance & Moneybeginner

Bookkeeping

Definition

The systematic recording of all financial transactions in your business, income, expenses, invoices, and receipts, usually in accounting software.

Why it matters

Clean bookkeeping makes tax returns accurate, surfaces profitability by product or channel, and gives your accountant the clean data they need to advise you properly.

Example

Every week, you log into Xero or QuickBooks, match bank transactions to categories, and upload receipts. At tax time, your accountant can file in hours rather than days.

Related terms

Learn the language of business - and build the systems behind it.

Rich Girl Systems turns 1168+ founder concepts into a step-by-step programme with daily challenges, XP and your own assistant.

Take the free founder quiz