Definition

The activity of keeping financial records for a business, including tracking income and expenses.

Example

She is responsible for the bookkeeping of the small company.

Conversation

I just started a new job, and I'm learning about bookkeeping.

Oh, that's cool! How's it going so far?

It's a bit challenging, but I'm getting the hang of bookkeeping slowly.

That's great to hear! It must be nice to keep everything organized.

Synonyms & Antonyms

Root Explanation

Bookkeeping is formed from "book" (from Old English *bōc*, meaning a written document or record) and "keeping" (from the verb "keep", meaning to hold or maintain). The word refers to the act of maintaining written records of financial transactions.

Memory Tip

Think of 'books' as written records that you 'keep' — that's why bookkeeping means maintaining financial records.

Visually Confused Words