Bookkeeping is the financial heartbeat of a business. It’s the process of keeping a detailed record of all the money moves – what comes in and what goes out. Think of it as a personal finance journal for a business.
Just like you’d track your personal expenses in a budget, bookkeeping helps businesses monitor sales, expenses, and other financial activities. It’s a way to stay organized and understand the financial story of a business.
By diligently recording transactions and categorizing them, bookkeeping provides a clear snapshot of a business’s financial health. It’s a go-to guide for making smart financial decisions, preparing for taxes, and ensuring your business is on the path to success.