Bookkeeping vs. Recordkeeping

Bookkeepingnoun

(accounting) The skill or practice of keeping books or systematic records of financial transactions, e.g. income and expenses.

Bookkeepingnoun

(computing) General tasks for maintaining a system.

Bookkeepingnoun

The art of recording pecuniary or business transactions in a regular and systematic manner, so as to show their relation to each other, and the state of the business in which they occur; the art of keeping accounts. The books commonly used are a daybook, cashbook, journal, and ledger. See Daybook, Cashbook, Journal, and Ledger.

Bookkeepingnoun

the activity of recording business transactions

Bookkeeping

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business.

Recordkeepingnoun

The creation, collection and management of records, especially of a business or governmental nature