Rarely, if at all, can any business enterprise function without having a bookkeeper. Large businesses can hire a team of accountants or bookkeepers for looking after their requirements. These business establishments typically have requirements that are more complex in nature. In addition, they have deep pockets, which enable them to pay their financial accounting specialists exorbitant sums of money. However, small and medium-sized businesses cannot afford to hire a bookkeepi

For the uninitiated, bookkeeping refers to the practice or profession that involves recording the accounts and transactions of a business. Many people often confuse bookkeeping with accounting. However, both the terms are quite different. Bookkeeping is an essential element of accounting. As such, it is not only important for individuals, but for all kinds of businesses as well. In fact, even not-for-profit organisations require bookkeeping services. It is worth mentioning th