is bookkeeping only covers tally, some entries, or something else?

Question

Accepted Answer

Bookkeeping involves recording financial transactions, not limited to Tally or specific entries.

Bookkeeping is the process of recording financial transactions of a business.
It involves maintaining accurate records of all financial transactions, including sales, purchases, receipts, and payments.
Bookkeeping is not limited to any specific software or entries, but can be done manually or using various accounting software.
It helps in keeping track of the financial health of a business and is essential for making informed financial decisions.
Bookkeeping also involves reconciling bank statements, preparing financial statements, and ensuring compliance with tax laws.
Examples of bookkeeping software include QuickBooks, Xero, and Wave.

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