Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Bookkeeping shopping experience:

1. Compare - without doubt the biggest advantage that the Bookkeeping offers shoppers today is the ability to compare thousands of Bookkeeping at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.

2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about

3. Testimonials - don't know anybody that has bought a Bookkeeping? Wrong! If the Bookkeeping is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.

4. Questions - Got a question about Bookkeeping then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....

5. Reputation - Never heard of the company selling Bookkeeping? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Bookkeeping and build up a picture of their reputation for sales, returns, customer service, delivery etc.

6. Returns - still worried that even after all of the above your Bookkeeping wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.

7. Feedback - happy with your Bookkeeping then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.

8. Security - check for the yellow padlock on the Bookkeeping site before you buy, and the s after http:/ /i.e. https:// = a secure site

9. Contact - got a question about Bookkeeping, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.

10. Payment - ready to pay for your Bookkeeping, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.

Bookkeeping (book-keeping or book keeping) is the recording of all financial transactions undertaken by an individual or organization. The organization may be a business, a charitable organization or even a local sports club. Bookkeeping is "keeping records of what is bought, sold, owed, and owned; what money comes in, what goes out, and what is left." A financial transaction is any event that involves money.

Individual and family bookkeeping involves keeping track of income and expenses in a cash account record, demand account register, or savings account passbook. Individuals who borrow or lend money also track how much they owe to others or are owed from others.

Bookkeeping may be performed using paper and a pen or pencil. With increasing complexity in tax regulations and to minimize calculation errors, many organizations use accounting software to assist in bookkeeping.

Two common bookkeeping methods used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system. Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a "Revenue and Expense Journal". Single-entry bookkeeping is adequate for many small businesses. Double-entry bookkeeping requires posting (recording) each transaction twice, using debits and credits.

A bookkeeper (or book-keeper), sometimes called an accounting clerk in the United States, is a person who keeps the books of an organization.A bookkeeper is usually responsible for writing up the "daybooks". The daybooks consist of purchase, sales, receipts and payments. The bookkeeper is responsible for ensuring that all transactions are recorded in the correct daybook, suppliers ledger, customer ledger and general ledger. The bookkeeper brings the books to the trial balance stage. An accountant may prepare the profit and loss statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.

Single account bookkeeping Simple bookkeeping for individuals and families involves recording income, expenses and current balance in a cash record book or a checking account register.

Sample checking account register (United States, 2003)Illustration based on transaction register provided with personal checks from http://www.deluxe.com in 2003.{| class="wikitable"|-! colspan="11"|¤AD-Automatic Deposit ¤AP-Automatic Payment ¤ATM-Teller Machine ¤DC-Debit Card|- align="center" style="font-size:70%"| NUMBER
OR CODE| DATE| TRANSACTION DESCRIPTION| colspan="2"| PAYMENT AMOUNT|  / | FEE| colspan="2"| DEPOSIT AMOUNT| colspan="2"| BALANCE|-| || || balance forward || || || || || || ||align="right"| 1227 ||align="right"| 54|- style="background:lightgrey;"| AD || 3/15 || paycheck || || || || ||align="right"| 1823 ||align="right"| 56 ||align="right"| 3155 ||align="right"| 41|-| AP || 3/26 || electricity ||align="right"| 104 ||align="right"| 31 || || || || ||align="right"| 3051 ||align="right"| 10|- style="background:lightgrey;"| 704 || 3/26 || car registration ||align="right"| 58 ||align="right"| 50 || || || || ||align="right"| 2992 ||align="right"| 60|-| ATM || 3/30 || cash withdrawal ||align="right"| 100 ||align="right"| 00 || ||1.00|| || ||align="right"| 2891 ||align="right"| 60|- style="background:lightgrey;"| DC || 4/2 || groceries ||align="right"| 127 ||align="right"| 35 || || || || ||align="right"| 2865 ||align="right"| 25|}

Single-entry bookkeeping The primary bookkeeping record in single-entry bookkeeping is the Revenue and Expense Journal, which is similar to a checking account register but allocates the income and expenses to various income and expense accounts. Separate account records are maintained for petty cash, accounts payable and receivable, and other relevant transactions such as inventory and travel expenses.

Sample revenue and expense journal for single-entry bookkeepingPinson, p.25.{|class="wikitable" style="text-align:right;"|-style="font-weight:bold"!No.||Date||Description||Revenue||Expense||Sales||Sales Tax||Services||Inventory||Advert.||Freight||Office Suppl||Misc|-| ||7/13||Balance forward||1,826.00||835.00||1,218.00||98.00||510.00||295.00||245.00||150.00||83.50||61.50|-|1041||7/13||align="left"|Printer- Advert flyers|| ||450.00|| || || || ||450.00|| || |||-|1042||7/13||align="left"|Wholesaler - inventory|| ||380.00|| || || ||380.00|| || |||-|1043||7/16||align="left"|office supplies|| ||92.50|| || || || || || ||92.50|||-| -- ||7/17||align="left"|bank deposit||1,232.00|| || || || || || || |||-| || ||align="left"| - Taxable sales|| || ||400.00||32.00|| || || || || |||-| || ||align="left"| - Out-of-state sales|| || ||165.00 || || || || || |||-| || ||align="left"| - Resales|| || ||370.00|| || || || || || |||-| || ||align="left"| - Service sales|| || || || ||265.00|| || || |||-|bank||7/19||align="left"|bank charge|| ||23.40|| || || || || || || ||23.40|-|1044||7/19||align="left"|petty cash|| ||100.00|| || || || || || || ||100.00|-| || ||TOTALS||3058.00||1,880.90||2,153.00||130.00||775.00||675.00||695.00||150.00||176.00||184.90|}

Double-entry bookkeeping

Computerised bookkeeping Computerised bookkeeping removes many of the "books" that are used to record transactions and enforces double-entry bookkeeping system. Computer software increases the speed at which bookkeeping can be performed.

Online bookkeeping Online bookkeeping allows source documents and data to reside in web-based applications which allow remote access for bookkeepers and accountants. Typically, a company scans its business documents and uploads them to a secure location or into an online bookkeeping application on a regular basis. This allows the bookkeeper to work remotely with these documents to update the books. Users of this technology include

• mobile employees scanning and sending in their receipts and bills while on the road to get reimbursed more quickly.
• organizations with multiple offices centralizing their accounting department and having the documents sent to this location online.

Examples of online bookkeeping software include SQL Ledger and Quickbooks.

Notes and references Bookkeeping (book-keeping or book keeping) is the recording of all financial transactions undertaken by an individual or organization. The organization may be a business, a charitable organization or even a local sports club. Bookkeeping is "keeping records of what is bought, sold, owed, and owned; what money comes in, what goes out, and what is left." A financial transaction is any event that involves money.

Individual and family bookkeeping involves keeping track of income and expenses in a cash account record, demand account register, or savings account passbook. Individuals who borrow or lend money also track how much they owe to others or are owed from others.

Bookkeeping may be performed using paper and a pen or pencil. With increasing complexity in tax regulations and to minimize calculation errors, many organizations use accounting software to assist in bookkeeping.

Two common bookkeeping methods used by businesses and other organizations are the single-entry bookkeeping system and the double-entry bookkeeping system. Single-entry bookkeeping uses only income and expense accounts, recorded primarily in a "Revenue and Expense Journal". Single-entry bookkeeping is adequate for many small businesses. Double-entry bookkeeping requires posting (recording) each transaction twice, using debits and credits.

A bookkeeper (or book-keeper), sometimes called an accounting clerk in the United States, is a person who keeps the books of an organization.A bookkeeper is usually responsible for writing up the "daybooks". The daybooks consist of purchase, sales, receipts and payments. The bookkeeper is responsible for ensuring that all transactions are recorded in the correct daybook, suppliers ledger, customer ledger and general ledger. The bookkeeper brings the books to the trial balance stage. An accountant may prepare the profit and loss statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.

Single account bookkeeping Simple bookkeeping for individuals and families involves recording income, expenses and current balance in a cash record book or a checking account register.

Sample checking account register (United States, 2003)Illustration based on transaction register provided with personal checks from http://www.deluxe.com in 2003.{| class="wikitable"|-! colspan="11"|¤AD-Automatic Deposit ¤AP-Automatic Payment ¤ATM-Teller Machine ¤DC-Debit Card|- align="center" style="font-size:70%"| NUMBER
OR CODE| DATE| TRANSACTION DESCRIPTION| colspan="2"| PAYMENT AMOUNT|  / | FEE| colspan="2"| DEPOSIT AMOUNT| colspan="2"| BALANCE|-| || || balance forward || || || || || || ||align="right"| 1227 ||align="right"| 54|- style="background:lightgrey;"| AD || 3/15 || paycheck || || || || ||align="right"| 1823 ||align="right"| 56 ||align="right"| 3155 ||align="right"| 41|-| AP || 3/26 || electricity ||align="right"| 104 ||align="right"| 31 || || || || ||align="right"| 3051 ||align="right"| 10|- style="background:lightgrey;"| 704 || 3/26 || car registration ||align="right"| 58 ||align="right"| 50 || || || || ||align="right"| 2992 ||align="right"| 60|-| ATM || 3/30 || cash withdrawal ||align="right"| 100 ||align="right"| 00 || ||1.00|| || ||align="right"| 2891 ||align="right"| 60|- style="background:lightgrey;"| DC || 4/2 || groceries ||align="right"| 127 ||align="right"| 35 || || || || ||align="right"| 2865 ||align="right"| 25|}

Single-entry bookkeeping The primary bookkeeping record in single-entry bookkeeping is the Revenue and Expense Journal, which is similar to a checking account register but allocates the income and expenses to various income and expense accounts. Separate account records are maintained for petty cash, accounts payable and receivable, and other relevant transactions such as inventory and travel expenses.

Sample revenue and expense journal for single-entry bookkeepingPinson, p.25.{|class="wikitable" style="text-align:right;"|-style="font-weight:bold"!No.||Date||Description||Revenue||Expense||Sales||Sales Tax||Services||Inventory||Advert.||Freight||Office Suppl||Misc|-| ||7/13||Balance forward||1,826.00||835.00||1,218.00||98.00||510.00||295.00||245.00||150.00||83.50||61.50|-|1041||7/13||align="left"|Printer- Advert flyers|| ||450.00|| || || || ||450.00|| || |||-|1042||7/13||align="left"|Wholesaler - inventory|| ||380.00|| || || ||380.00|| || |||-|1043||7/16||align="left"|office supplies|| ||92.50|| || || || || || ||92.50|||-| -- ||7/17||align="left"|bank deposit||1,232.00|| || || || || || || |||-| || ||align="left"| - Taxable sales|| || ||400.00||32.00|| || || || || |||-| || ||align="left"| - Out-of-state sales|| || ||165.00 || || || || || |||-| || ||align="left"| - Resales|| || ||370.00|| || || || || || |||-| || ||align="left"| - Service sales|| || || || ||265.00|| || || |||-|bank||7/19||align="left"|bank charge|| ||23.40|| || || || || || || ||23.40|-|1044||7/19||align="left"|petty cash|| ||100.00|| || || || || || || ||100.00|-| || ||TOTALS||3058.00||1,880.90||2,153.00||130.00||775.00||675.00||695.00||150.00||176.00||184.90|}

Double-entry bookkeeping

Computerised bookkeeping Computerised bookkeeping removes many of the "books" that are used to record transactions and enforces double-entry bookkeeping system. Computer software increases the speed at which bookkeeping can be performed.

Online bookkeeping Online bookkeeping allows source documents and data to reside in web-based applications which allow remote access for bookkeepers and accountants. Typically, a company scans its business documents and uploads them to a secure location or into an online bookkeeping application on a regular basis. This allows the bookkeeper to work remotely with these documents to update the books. Users of this technology include

• mobile employees scanning and sending in their receipts and bills while on the road to get reimbursed more quickly.
• organizations with multiple offices centralizing their accounting department and having the documents sent to this location online.

Examples of online bookkeeping software include SQL Ledger and Quickbooks.

Notes and references

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