Bookkeeping is the documentation of monetary transactions, and is essential part of the procedure of accounting in trade. Transactions involve sales, purchases, receipts, and payments through an individual or an organization or company. There are various standard procedures of bookkeeping, like the single-entry bookkeeping system and the double-entry bookkeeping system, but, whereas they may be considered the actual bookkeeping, any procedure that includes the documentation of monetary transactions is a bookkeeping procedure.

There is various GST software also present in the market, which help people in effective return filing as well as bookkeeping.