Bookkeeping's the recording of financial transactions. Transactions include sales, purchases, income, and payments by an individual or organization. Bookkeeping's usually performed by a bookkeeper. Bookkeeping shouldn't be confused with accounting. The accounting process's usually performed by an accountant. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper. There're some common methods of bookkeeping such as the Single-entry bookkeeping system an… (More on Bookkeeping)