TBC Information Network

Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Bookkeeping: The Backbone of Financial Management

What does bookkeeping mean?  It can be defined as the recording and tracking of a businesses’ financial transactions on a regular basis.  Bookkeeping involves the tracking of each business transaction and the purpose of each transaction.  Examples include invoicing a customer for work performed (revenue), recording an accounts payable due to a vendor for services… [keep reading…]