Outsource Bookkeeping Simplified Financial Management When thinking about bookkeeping, most people think it is all just about numbers and ledgers. But that’s not exactly the case. Bookkeeping is the meticulous art of recording all financial transactions a business makes. It is the backbone of every successful business. It ensures that businesses can measure growth and profitability. So, what is bookkeeping? And why is it important in every business? Let us walk you through some of the important things you need to know about the basics of bookkeeping. Bookkeeping is the essential practice of organizing, classifying, and maintaining a business’s financial records. It involves recording transactions and storing financial documentation to manage the overall financial health of an organisation. The business activities of an organisation are recorded based on the company’s accounting principles and supporting documentation. Some of these documents include the following: Bills R