The Importance of Bookkeeping

Phew – we made it through another *successful* tax season!

And while yes we can have our minds at peace regarding taxes… the #GoldenGirls have a duty to help you all year round with your finances – especially you small business owners out there. 

If you are a small business owner, then you know the importance of good bookkeeping and payroll records throughout the whole year. 

You may even do this yourself as the owner of the company. And sure… maybe it has been going okay. But we want to break down the top reasons why having an actual bonafide bookkeeper is beneficial not only for you – but also for your employees. 

Top Reasons Why Having a Bookkeeper Is Beneficial 

1.) Budgeting

Having a bookkeeper means you have someone constantly aware of your company’s finances all of the time. That means you have space in your brain to do what you do best – run your business! And when someone knows your business’s finances so intimately, they can help you budget and see areas of improvement. 

2.) Organization 

We talk to so many companies that excel in their creativity and entrepreneurial spirit – but may have a tough time grasping the best way to organize their finances, books, papers, bills, receipts, write-offs…. oh man the list just goes on. You know what bookkeepers excel in? ALL OF THAT. That’s literally what they do best!

Bookkeeping is literally the organization of financial information. 

3.) Better decision making

Here is a question for you: How can you assume that you are going to make the best financial decisions for your company and employees without financial information to back it up? 

When you have an expert at all things YOUR company finances, you have that financial information and data. 

4.) Financial management

Coinciding with benefit #3, when you have your business’ financial data at your finger tips, you are able to take control of them. You can now gain a clear picture of where your business is at and help you create a road map of where you want it to go – based on facts. 

5.) Better cash flow

With someone handling your bookkeeping for you, you can easily see where unpaid invoices lie and gain a summary of your employee payroll accounts. This information can be invaluable in keeping your business thriving and plugging any leaks. 

While Gold Standard specializes in bookkeeping… whomever you decide to trust with your bookkeeping and payroll, we hope it grants you peace of mind and the space to focus on your small business. 

Contact us: 
[email protected] | CA (760) 888-6247 | NY (845) 237-4060

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