What is Bookkeeping?

November 9, 2009 by  
Filed under Bookkeeping

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization.

Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper.

There are some common methods of bookkeeping such as the Single-entry bookkeeping system and the Double-entry bookkeeping system. But while these systems may be seen as “real” bookkeeping, any process that involves the recording of financial transactions is a bookkeeping process.

Welcome to Southern Oklahoma Business Services new website!

July 20, 2009 by  
Filed under Bookkeeping

Welcome to Southern Oklahoma Business Services new website.  Here you’ll find information about the services we offer here in Ardmore, Oklahoma as well as general information about:

– Bookkeeping

– Payroll

– Tax

Any information provided on this website is not considered as professional advice and is purely for general entertainment purposes.  If you would like specific advice on any of the subjects covered such as bookkeeping, please call us 1-580-224-9399 to arrange an appointment.