What is bookkeeping and why should I care about it?
Updated: Feb 20
When most people think of accountants they think of tax. Not every accountant prepares tax returns.
Bookkeeping is the basic core of accounting. It involves the recording, on a regular basis (daily, weekly, or monthly), of a company's financial transactions. There can be a lot more to bookkeeping but that is the basics
Bookkeeping allows small businesses to organize, store, and analyze financial information.
You should care about your business’s bookkeeping because with the data that bookkeeping provides, you can begin: setting an accurate budget, predicting growth, seeing which products or services are most profitable, tracking inventory, and preparing to file taxes.