What is a bookkeeping engagement?
Definition A bookkeeping engagement is a service in which a firm maintains a client's financial records, categorizing transactions, reconciling bank and credit-card accounts, managing accounts payable/receivable, and producing financial statements. It's usually monthly and ongoing, though "cleanup" engagements fix a backlog of disorganized books before regular work begins.
Bookkeeping is the foundation everything else sits on: accurate books make the tax return, the planning, and the advisory possible. The work is increasingly AI-assisted, with the accountant reviewing exceptions rather than coding every line.
LucaLedger runs the bookkeeping engagement with AI bookkeeping and carries the result straight into the financials and the return.