Purpose related with bookkeeping
Bookkeeping is related to financial transaction.it is record of sale, purchase, income, payments etc. it is done for an organization. The work performed for bookkeeping is known as bookkeeper. So how a bookkeeper works is differ from work of an accountant. Actually, an accountant is do same thing like a bookkeeper do but accountant works on data provided by bookkeeper. Accountant after that receiving data create a report. So an accountant is do accountant processing job.
The purpose of bookkeeping is to create a standard where we measure related to a business. It also helpful to show business performance. Bookkeeping provide financial data throughout a year. So we can test probability of success of business and how much of correction we need throughout the year. Bookkeeping is best technique to check standard of business. Now we have to know basic elements of bookkeeping. There are three basic elements of bookkeeping:-1.assets, 2.liabilities, 3.net assets. Assets are those items which involve in business. Liabilities claims to assets of a business by creditors. And net assets are equal to equity earned.
Now these days home based business is very popular. There are many works do from house. These works are available on net. These work providers is known as freelancer. So we can work as a bookkeeper on these. We can start bookkeeping business by selling bookkeeping skills and account skill. A bookkeeper is called as account technician. A bookkeeper records all day to day transaction did by an organization. Bookkeeper stores all of its information in daybooks. In daybooks, bookkeeper records all transaction like sales, purchase, payment, income. To become a bookkeeper there are many certified schools which provide certificate on this. Here we learn how to operate and launch bookkeeping business. if you like playing with numbers and money bookkeeping is provide a way for this and bookkeeping gives an opportunity to touch the sky.