The term bookkeeping is defined as the recording of any financial transactions and it is recognized as the part of the process of accounting in the business industry. The list of the most common financial transaction performed and made by any business companies or any individual entities include sales, purchases, receipts and payments. The process practiced by the business companies that involves the act of recording various financial transactions is recognized as a process of bookkeeping, and there are basically a lot of different standard methods of bookkeeping and the two common entry system are the system of double-entry bookkeeping and the system of single-entry bookkeeping. A bookkeeper is basically the title which refers to the professional who practices and performs the process of bookkeeping, and their primary duty is to record the everyday financial transaction of the company where they tend to work as a bookkeeper, and these transactions are written on an item which they called as daybooks. The responsibility of each and every bookkeeper includes ensuring that all financial transactions such as cash or credit-type of transactions should be recorded in the right daybook, customer ledger, general ledger, and supplier's ledger. 

The term payroll is defined as the list of employees of a business company, and such term can also be used in other ways, such as the company's record of the wages, salaries, withheld taxes, and bonuses of its employees; the company's department that can calculate and pay these; and also, the total amount of money that a business company will pay to its workers, staffs and employees. In an accountant's perspective, the term payroll is based on the law and regulations of the state where the business is located, and because of that it is recognized as a very important part of each and every businesses for this can affect the net income of a company at In the viewpoint of human resource, the department that processes and calculates the payroll of a business company's staff, worker or employees can be in a critical situation for most of the employers and workers are quite sensitive to any occurrence of irregularities and errors on their payroll. 


Tax preparation is basically defined as the process of preparing the tax returns of any entities, and such are being made to acquire compensation. The term tax return is basically defined as the reports that contains details or information used for the calculation of the different kinds of taxes, especially the income tax, and these reports are being filed with the internal revenue service  or with the state or local tax collection agency. The licensed professional who does the process of preparing tax returns includes a certified public accountant or CPA, an attorney or lawyer, and an enrolled agent, but such process can also be made by a taxpayer through the help of a software application or online services designed for Tax Preparation Las Vegas.