What is the main function of bookkeeping in Oklahoma?

The main function of bookkeeping in Oklahoma, as in any other location, is to systematically record and track financial transactions of a business or organization. This includes maintaining accurate records of income, expenses, assets, and liabilities. Bookkeepers in Oklahoma help ensure compliance with state and federal tax regulations, facilitate financial decision-making by providing timely and accurate financial data, and support businesses in managing their cash flow. Additionally, accurate bookkeeping is essential for preparing financial statements, such as the balance sheet and income statement, which are crucial for assessing the financial health of the business and for reporting to stakeholders and government agencies.

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