Bookkeeping is the practice of recording financial information to monitor income and outgoing. Managing finances in this way is necessary for every business.
“Keeping the books” fulfils legal expectations of how to report income for tax purposes and enables the management of cash flow – crucial for the health and survival of any business.
Without good bookkeeping, finances can get into a mess and, in the worst case, result in the collapse of a company.
For this reason, investing in accurate bookkeeping is high up on the list of priorities for business owners, and good bookkeepers are in demand.
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