noun: the practice of recording the accounts and transactions of a business.
bookkeeping with Mi Reembolso: the confidence that transactions are recorded accurately and in accordance with tax law.
How Bookkeeping Benefits You
Accurate Tax Preparation
Bookkeeping makes tax season stress-free. When your books are in order, categorized, and ready for filing, you can relax and have confidence that your tax return will be accurate. Long gone will be the days of you scrambling to collect receipts, review bank statements, and wonder if you captured all of your expenses or accidentally forgot to report some income.
Data Driven Business Decisions
Bookkeeping gives you vital data for growing your business. It helps you answer questions such as "should I invest more money in marketing", "do I hire a new employee", "which products or services have the highest profit margin, "which projects should I not accept because they cost more than they generate". With data, you can make the best decisions for your business.
Predictable Cash Flow
Bookkeeping lets you understand the rhythm of your business. You'll know when to expect income, when to cut costs, when to take out a loan, when to invest. You'll be able to create accurate budgets based on real numbers and stay true to the budgets. You'll be able to reduce if not entirely eliminate the stress that comes with cash flow variance. Now that is powerful.