Daily bookkeeping is an essential task for any business that wants to maintain accurate financial records and make informed decisions based on their financial data. Here are some key steps involved in daily bookkeeping:

Record all transactions: All financial transactions, including sales, expenses, and payments, should be recorded on a daily basis. This can be done manually or through accounting software, which can automate the process of recording transactions.

Categorize transactions: Transactions should be categorized according to their type, such as revenue, cost of goods sold, operating expenses, and capital expenditures. This will make it easier to analyze financial data and create financial statements.

Reconcile bank accounts: Bank accounts should be reconciled on a daily basis to ensure that all transactions have been recorded accurately and to identify any discrepancies or errors.

Review financial statements: Financial statements, such as the income statement and balance sheet, should be reviewed daily to identify any issues or areas for improvement.

Follow up on outstanding invoices and payments: Outstanding invoices and payments should be followed up on a daily basis to ensure that payments are received on time and to prevent cash flow issues.

Prepare for tax filings: Bookkeeping should also be done with an eye towards tax filings, and daily bookkeeping should ensure that all necessary information is available when it's time to file taxes.

Overall, daily bookkeeping is a critical task for any business that wants to maintain accurate financial records and make informed decisions. By recording transactions on a daily basis, categorizing them, reconciling bank accounts, and reviewing financial statements, businesses can ensure that they have a clear picture of their financial health and make informed decisions based on their financial data.