Most folks in small business don’t want anything to do with the Bookkeeping. That is all good with us, we are here to help. However, it is important that you understand and appreciate the importance of why it must be done, and be done correctly.
First – Bookkeeping is the #1 tool used to prepare your business tax return. Accurate records of your income and expenses ensure that you only pay taxes on your true net income.
Second – Bookkeeping gives you a real picture of how much you are earning and what you spending your money on. This info can help you identify expenses that can be stopped and assist you with setting your goals.
Third – Having an accurate set of financials is imperative when attempting to get business loans or establish business credit.
Fourth – In the event of an IRS audit, bookkeeping is WELL worth the expense: the IRS requires accurate financial records to be maintained.
Best Reason – Freeing up time you would spend trying to do Accounting will allow you to focus on running your business..and making more sales