bookkeeping
UK: ˈbʊkkiːpɪŋ | US: ˈbʊkkiːpɪŋ
n. The activity or occupation of systematically recording financial transactions.
The word "bookkeeping" is a compound of "book" (from Old English bōc, meaning "written record") and "keeping" (from Old English cēpan, meaning "to guard or maintain"). The term emerged in the late 15th century, reflecting the practice of maintaining financial records in ledgers ("books"). The suffix "-ing" nominalizes the verb, turning the action into a formal activity. The doubling of the "k" preserves the pronunciation clarity between the two root words.
Accurate bookkeeping is essential for small businesses.
She studied bookkeeping to manage her company’s finances.
Modern bookkeeping often relies on digital software.
The accountant specializes in double-entry bookkeeping.
Poor bookkeeping can lead to legal and financial problems.