Why Bookkeeping?
If you are like most business owners, you spend a lot of time thinking about your business...
Where am I going?
What are my next steps?
What is/isn’t working?
And much more. You wear so many hats and juggle so many things. You realize the importance of keeping up-to-date financial records for your business but lack the time, confidence or the desire to maintain these records. And so the financial records get tucked away to collect dust. And your business begins to feel heavy.
We’ve all heard this quote from Benjamin Franklin,
“If you fail to plan, you plan
to fail.”
This same principle applies to your business. If you are not aware of how profitable - or expensive - your business is on a consistent basis, it is not possible to identify overspending, services that need to be reworked, etc.
Simply put:
When you have good bookkeeping in place, you have real-time information available to help you increase profits and reduce expenses. When you don’t have good bookkeeping in place, it can lead to missed opportunities or worse - your business closing.
Your business is your baby. It is not worth risking your baby by skipping this vital aspect of your business!
Have more questions?
Take a look at our Frequently Asked Questions!