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Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business.

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The process of documenting records for employee compensation is known as payroll accounting. Payroll accounting consists of filing and tracking employee compensation data like money withheld from each pay check and taxes and benefits

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Contractors are professionals who provide skills or services to companies for a set period. They may be contracted for a set number of hours, a certain time frame, or the duration of a project.

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