Importance of bookkeeping in a business

[eldavis]

Running your business based on assumption is the worse, cause in most cases you might feel the business is doing well and you are Making profit but in reality you are not.

 

[Starmix]

Bookkeeping is part of the business system to record the profile of the business. The weak and strong areas will be known thus business owners must urgently do innovation and inventory to save the business.

 

[Springtime]

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.

 

[Smalto]

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.

 

[Starmix]

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.

 

[Bisolami]

Bookkeeping is vital to any business it makes it so much easier to budget and makes your business organized.

And one thing I love most about it is that you are going to record everything in your business in a book so that you can refer to the book later whenever you feel like you need to check something

 

[Ratine]

The book keeping venture on the business seem to be used for references purposes .

.

 

[Starmix]

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.

Post automatically merged: Apr 17, 2024

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.