Once you are in Business whether for fun or for Profit, you need to measure, record and monitor the results of your business affairs. Business record keeping and Bookkeeping are important. This is the only way to achieve your objective.
For example, with proper bookkeeping only it’s possible to measure the true success or not of your business dealings. You may not know that your investment of $1,000 per month on your advertisement campaign (eg: Google Ads), is worth the investment or not unless proper and proper monitoring carried out. Further, You may have no idea why you have got barely not enough money to meet your business Expenses, and you may not know, where is your money gone?
Any Smart Business Owner realizes Bookkeeping and organised Records Keeping has several undeniable benefits including ‘your time and energy saver’.
This core objective can be achieved, only by maintaining both Bookkeeping and organised Records Keeping. These could be carried out by using the manual system or computerized /cloud-based solutions.