For most clients, there are two main reasons for keeping track of income and expenses.
The first reason for bookkeeping and accounting is to make tax filing as easy as possible. You want to be able to present an organized and clear spreadsheet or financial statement that shows your income and expenses for the year.
The second reason for clear and detailed financial records is to analyze your cash flow and to see where you can improve your business financial health.
We can help set up a financial recordkeeping system tailored to your business needs. Contact us for consultation.