What Is Balance Bookkeeping?

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The technique of including all transactions in a company’s financial records is referred to as “balanced bookkeeping.” The goal of balanced bookkeeping is to ensure that all transactions are recorded in the appropriate accounts, or, to put it another way, that the balance sheet and income statement are equal at the end of each period which gives companies and businesses more accurate information than they would get from traditional accounting methods and prevent over- or under-reporting.

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