WHAT ARE THE 5 IMPORTANT ACTIVITIES IN BOOKKEEPING?

Hi all,

Bookkeeping is one of the most essential tasks of running a business. When I started out as an entrepreneur, I knew I needed a professional to help me with the books. The numbers must be accurate, and every transaction must be flawlessly mentioned in the ledger. The bookkeeper uses these records to prepare financial documents like profit and loss statement, cash flow forecasting and balance sheet. These documents are important for the business owner to understand the financial health of the business and how much it is spending on different expenses. Bookkeepers also help with invoicing and paying the bills on time. To know more about their important activities, read the article below.