Bookkeeping is the recording of financial transactions, and is part of the process of accounting in a business. It includes purchases, sales, receipts, and payments by an individual person or an organization/corporation. There are several accounting standard / methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. Any process for recording financial transactions is a bookkeeping process. Bookkeeping is the work of book-keeper who records the day-to-day financial transactions of a business. They usually write the daybooks. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper. Bookkeeping refers mainly to the record-keeping aspects of financial accounting, and involves preparing source documents for all transactions, operations, and other events of a business.