Importance of bookkeeping in a business
- Thread starter Starmix
- Start date
Bookkeeping is a must-to-do thing for any business. Every business needs to have records of their business transactions. In my location, we usually use the term Accountant, instead of Bookkeeper. Other than keeping records, the accountant is also responsible to produce profit and loss statement, balance sheets. The owner needs all these information to understand the financial situation of the company.
Book keeping should and can never be overemphasized when it comes to business, because in my own opinion, it is like the backbone to the success of a business, so it is very paramount that we keep proper records of the inflow and outflow in our various businesses.
- Thread starter
- #45
Bookkeeping is a must in every business big or small. It serves as monitoring of sales production and the problems of the flow of sales. The results could be of help to renovate the weaknesses of the products and staff.
- Thread starter
- #48
Bookkeping is required in a small or big business to keep record of there accounting. It is also required by the Bureau of Internal Revenue if the taxes you pay match from the. nookkeeping record.
Bookkeeping is very useful and it's a must for a business operator to hire an accountant and post there in the book about the progress made by the business, the losses, and the profits.
Post automatically merged:
Bookkeeping is very useful and it's a must for a business operator to hire an accountant and post there in the book about the progress made by the business, the losses, and the profits.
Last edited:
Bookkeeping in a business helps the business to maintain proper records. It is very important to prepare financial statements.
Book keeping is an essential part of any business. It helps the business to manage their financial flows.
