Bookkeeping constitutes a very important aspect in a financial department of an organisation or firm. The process of bookkeeping refers to the method and practice of recording and arranging every bit of business transactions and procedures that has been taking place over a certain period of time. A bookkeeper must thus be capable of taking care of the records and reports and generating them with utmost accuracy and precision. They must also develop and categorize coherently, the daily and monthly financial proceedings and reports for management. Monitoring expenses, within, in and out of the organisation or firm makes up a huge part of great importance in the process of bookkeeping. It is also necessary to verify the level of accuracy and resolve discrepancies at the very earliest, systematically. Read ahead to know more!

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