In which case, they’ll need to be able to do basic math and have access to a computer and accounting software package like QuickBooks Pro or TurboTax Online Deluxe. Computerization has done away with most of the paper ‘books’ that bookkeepers traditionally used to record financial transactions. However, software programs still enforce traditional bookkeeping double-entry or single-entry systems. In financial parlance, the terms bookkeeping and accounting are almost used interchangeably.
The term first appeared in the English language in the 1550s, according to the Online Etymology Dictionary. Etymology refers to the origin of words and how their meanings evolved over time. Some compound terms are styled as two words separated by a space, some have a hyphen, and some are one word. Sometimes a term will have more than one styling, and different publications may even use different stylings.
Is bookkeeping one word or two words?
There are dozens and dozens of bookkeeping options available and the choices may seem overwhelming. We’ve analyzed and rated the best online bookkeeping services to help you make the best decision when choosing the right one. According, for example, to the Chicago Manual of Style, most compound words (such as “bookkeeper”) begin as two separate words or as a hyphenated term. Finally, if used enough, the words will lose the hyphen and become one. Double-check for mistakes and make sure to use the proper capitalization and punctuation, as well. Besides a quick intro about how to spell bookkeeping, it’s important to know what the word means and what’s involved in the practice.
Both occupations are important for the proper function of businesses. It’s also important to be aware of potential mistakes https://www.bookstime.com/ when dealing with bookkeeping. Common mistakes include incorrect entries, miscalculations, and incomplete information.
Is it one word or two?
Ask for testimonials from people who have utilized your services in the past and spread the word about your offerings through a website or social media. The skills needed to become a successful bookkeeper are often acquired through working in a career in the finance industry or even by balancing your personal budgets. Many bookkeepers hone and develop their expertise over time while others opt to complete seminars, read books or take online classes. A bookkeeper is a person whose job is to keep an accurate record of the money that is spent and received by a business or other organization.
That is the correct spelling of “bookkeeper” (accounting
individual). The directors of a company are able to make corporate decisions based on the data they receive from an accountant. The humble hyphen might just be a tiny stroke on a page, but it has the bookkeeper synonym power to change the meaning of a sentence depending on its placement. Hyphens make the distinction, for example, between a ‘wild-animal advocate and a ‘wild animal advocate’. No matter which spelling you choose, use it consistently throughout your writing.
Words that may be confused with bookkeeping
Accountants, on the other hand, prepare the balance sheet and income statement using the ledgers and trial balance that the bookkeeper prepared. The balance sheet shows an entity’s financial status at a specific moment in time; usually at the end of a financial year. It may also cover just a three- or six-month period, i.e., a quarter or half-year. Both functions, bookkeeping and accounting, are vital for every commercial enterprise. This is the case with book-keeping, which has gone through a shift in meaning over time.
- Laura is a freelance writer specializing in ecommerce, lifestyle, and SMB content.
- But many small business owners decide to do their own bookkeeping in order to save money on labor costs.
- This spelling is sometimes used to emphasize or convey a sense of the individual activities involved in bookkeeping.
- Today, in most cases, it is all done with the use of computer programs, i.e., software.
This is fine as long as the spelling of a word is consistent throughout a periodical, book, etc. We can write the occupation as one word or two words with a hyphen, i.e., bookkeeper or book-keeper. Whichever one you choose, however, it is important to stick to it throughout the whole text. Do not switch from the one-word to two-word version or vice-versa in the same article. Accredited Financial Counselor®, Profit Strategist, Business Enthusiast, Pollyanna Theorist and Burrito Aficionado. I am dedicated to helping people start a business, take control of their lives and create a life by design.
How to use bookkeeping in a sentence
Keep reading to learn more about how to spell and pronounce bookkeeping the right way. And if you need a bookkeeping service for your business, feel free to contact us at any time. When writing the word bookkeeping, it’s important to remember the proper capitalization.