Hey ,
I'm writing to you today to discuss the importance of bookkeeping for small businesses. Bookkeeping is the process of recording and tracking financial transactions. It may seem like a tedious
task, but it's essential for the success of your business.
Here are just a few
reasons why bookkeeping is important for small businesses:
- It helps you track your income and expenses. This information is essential for making informed business decisions. For example, if you see that you're spending too much money on a particular expense, you can make changes to reduce it.
- It helps you file your taxes accurately. The IRS requires businesses to keep accurate records of their income and expenses. If you don't have accurate records, you could be audited by the IRS.
- It helps you identify areas where you can save
money. By tracking your income and expenses, you can see where your money is going. This information can help you identify areas where you can cut back on spending.
- It helps you make better business decisions. By having accurate financial information, you can make better decisions about pricing, marketing, and expansion.
- It helps you attract investors. Investors are more likely to invest in businesses that have a clear understanding of their financial situation. Accurate financial information can provide investors with the information they need to make an informed investment decision.
So, why am I writing to you about this?
Some of you hired me only to prepare your taxes, or you hired me to do your bookkeeping and stopped.
Stopping now can only put your business at risk. Please talk to my team so you can restart your bookkeeping and keep your business compliant.
