Scott Park, CPA, CA
As the year comes to an end, many business owners may find themselves behind in their bookkeeping or perhaps they haven’t even started at all. This blog is meant to communicate the importance of bookkeeping throughout the year, not just at the end of the year.
What is Bookkeeping?
Bookkeeping refers to the process of recording the day-to-day transactions within a business. These transactions include purchases, sales, receipts, and payments. A bookkeeper fulfills the role of ensuring that all transactions are properly recorded, which is typically done by using computer programs like QuickBooks Online. They are also vital in supporting the business owner to help them make better decisions on a weekly or monthly basis.
So why is bookkeeping so important, anyway? Here are 7 reasons why bookkeeping is important to your business.