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Bookkeeping
Bookkeeping is the process of recording daily transactions in a consistent way, and is a key part of maintaining accurate financial records for a business.
Recordkeeping
The process of maintaining records or documents that track financial transactions, operations, or other significant events.
Transactions
Financial events that involve an exchange of value between two parties, affecting the accounting equation.
Tax Planning
The process of analyzing one's financial situation or plan to ensure tax efficiency, with the aim of minimizing tax liability and maximizing compliance.
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