English · Work & Business
bookkeeping
/ˈbʊkˌkiː.pɪŋ/
[/ˈbʊkˌkiː.pɪŋ/]
recording daily accounts
Intermediatenoun
Definition
The activity of recording the money that a business spends and receives in an organized way.
Example
Careful bookkeeping helped the small shop know exactly where its money went each month.
Careful bookkeeping helped the small shop know exactly where its money went each month.
Etymology
A compound of 'book' and 'keeping', referring to keeping account books; noted as one of few English words with three consecutive double letters.
How & Where It’s Used
Used for the day-to-day recording of transactions in business.