Bookkeeping Basics
The fundamental purpose of bookkeeping is to provide a record of every financial-based transaction your business carries out. That is all money that comes in and all money that goes out.
'Money in' tends to be the easier bit – that is, every product or service you sell. 'Money out' can get a little more complicated as you need to account for every penny from manufacturing costs to internet connections, wages for staff to sub-contractor payments and more. Accountant's base everything on three key