Bookkeeping is more than entering daily or weekly transactions…but many small businesses struggle to do even the most basic bookkeeping tasks on a monthly basis.
Regular bookkeeping can mitigate the risk for:
- Forgotten items
- Late or missed invoices
- Trouble with the IRS
- Lost revenue due to questionable bookkeeping
- Missed tax deadlines
- Delays in processing loan requests with your financial institution
Accurate bookkeeping can mean the difference between staying in operation or closing due to cash flow or tax preparation problems.