Book-keeping, in business, is the recording of financial transactions, and is part of the process of accounting.

Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the book-keeper and files forms with government agencies

There are some common methods of book-keeping such as the single-entry bookkeeping system and the double-entry book-keeping system. But while these systems may be seen as “real” book-keeping, any process that involves the recording of financial transactions is a book-keeping process.

Book-keeping is usually performed by a book-keeper. A book-keeperĀ  is a person who records the day-to-day financial transactions of an organization and is usually responsible for writing the daybooks.

The daybooks consist of purchases, sales, receipts, and payments. The bookkeeper is responsible for ensuring all transactions are recorded in the correct day book, suppliers ledger, customer ledger and general ledger.

The book-keeper brings the books to the trial balance stage. An accountant may prepare the income statement and balance sheet using the trial balance and ledgers prepared by the book-keeper.

At IAIS we provide a complete book-keeping service to individuals and businesses and we will be pleased to quote for your specific requirements.


IAIS is a network of professional firms and individuals providing Tax and Advisory services. We deliver all mainstream Accountancy and Taxation Services as well as Value Added services to clients throughout the United Kingdom and Internationally.