Why is bookkeeping important?
Bookkeeping is important because you really can’t manage a company without tracking your finances. If you didn’t know how much money was coming in or going out, you would never be able to make smart financial decisions. You also would never know how much to pay the IRS, who could take money from your bank account, (also called putting a lien on your account). They actually will do that. They’ll just estimate how much money you earned, and take the money.
You want to be able to do financial planning. You want to know how much you can afford to pay an employee, whether you can afford to hire a new employee.
The alternative is a mess, a confusing, time consuming, problematic mess unless you keep good records and use them to manage your company.
Find out how Solvency Now can help you with your bookkeeping.