The recording process can be manual or automated. Here are some common methods:
Manual Recording: This involves the use of physical ledgers and journals to document transactions. While this method is becoming less common, it is still used in small businesses. Spreadsheet Software: Programs like Microsoft Excel and Google Sheets offer templates for recording various types of business data. Accounting Software: Specialized software like QuickBooks, Xero, and SAP can automate the recording process, providing real-time data and analytics.