Bookkeeping is not simply just putting numbers into ledgers or paying bills. It involves a lot more than that! Bookkeeping is about creating systems that form the foundation of a business’s financial function.
It is the foundation that enables business owners to make decisions about their business and life.
Without proper bookkeeping, there is no advisory, no meaningful data to help make important decisions, and no data for tax preparation and planning.
Good bookkeeping can be the entire finance function, real-time reporting, and financial clarity. A good bookkeeper is priceless, and they are not getting the acknowledgment they deserve. They are an understated superpower.
Digitization makes bookkeeping even more relevant since the data flow faster and in higher volume. A good bookkeeper, with the right tools, is able to process immense amounts of transactions making their skills in that field even more crucial.
You shouldn’t build a house on unstable foundations. The house may stay up for some time, but it will come tumbling down at some point. The same goes for your bookkeeping; good bookkeeping is the financial foundation needed to build a better business and future.
