Bookkeeping is an important part of your business. You need to keep records and produce accurate financial statements. These will tell you a great deal about how your business is doing. Bookkeeping doesn't have to be dull or dreary. It may not be an exciting adventure but it can be motivating when it shows you how well your business is doing or what changes you should make in order to move in a positive direction. You will come to enjoy the fact that bookkeeping is the insight and understanding about what is really happening in your business.
Basic bookkeeping knowledge provides you with the information that you need to know how to set up your accounting system. Mastering the basics of keeping your books and preparing accurate financial statements will allow you to start using them to manage your business and help you make sound financial decisions. You won't have to wait until the end of the year when your accountant finishes your books. You will know how your business is progressing at any point along your journey.