Transaction Recording

What is transaction recording?

Do you receive money from your clients? Do you pay bills to your vendors? Do you pay your employees? Do your clients send you work or service orders? Do your clients sometimes prepay for your services? Does your bank charge you bank fees? Do you pay taxes? Do you invest money?

All of the above are business transactions that need to be recorded in order to present you with a better picture of your business activities. Bookworm uses Simply Accounting or QuickBooks software to keep track of our clients’ transactions and books. Some of the other products depend on transaction recording being completed first.

Bookworm Bookkeeping also records accounts receivable and accounts payable transactions.