Meaning of the word bookkeeping in English

What does bookkeeping mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

bookkeeping

US /ˈbʊkˌkiː.pɪŋ/
UK /ˈbʊkˌkiː.pɪŋ/
"bookkeeping" picture

Noun

the activity or occupation of keeping records of the financial affairs of a business or person

Example:
She handles all the bookkeeping for the small company.
Good bookkeeping is essential for financial transparency.
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