“The best way to keep more money is to gain awareness over how much you have.”
Over the last decade, I’ve seen countless entrepreneurs disregard the need for maintaining proper books. I totally understand that bookkeeping is a time sucker, and does not seem like it adds value to what your business is trying to do. I’m here to tell you, I understand the frustration, and am going to explain why and how you should care before things get way too out of hand.
There are two major reasons why small business owners should care about bookkeeping:
1. Tax compliance.
This is something that most people already understand. We live in a society, and tax is the price we pay for paved roads, health care, and a multitude of other incredible things. If you don’t have a method of documenting your earnings (or costs), eventually the CRA will come asking for it. Being prepared early on will lead to a lot of time savings when this happens.
2. Being aware of cash flows
In my professional opinion, this is significantly overlooked by entrepreneurs when they’re starting out. The best way to keep awareness is to set up a process that will allow you to keep your books up to date at all times. Here at Measured Growth we do exactly that. By leveraging modern cloud accounting software, we are able to give you meaningful data and advice to make better and quicker business decisions. And by using these cost-efficient tools, we are able to pass on these cost savings to you.
Whether you’re just starting out or need all of your books caught up, we have a solution for you.
For more information contact us today!