There is nothing like a clean, clear set of books to tell the story of how healthy or unhealthy your business is. Great data entry, reconciling, and reporting always associated. If the data entry and reconciling is shoddy or half baked, the reports generated on a monthly or annual basis will be inaccurate. In this case, a bookkeeper is not just about entering numbers into the ledger. It is a thoughtful understanding of the business at hand, managing the day to day input of information, outflow and inflow of cash, and much more.
Having accurate financials at your fingertips allows you to react quickly and deftly to situations as they arise. For example, let’s say you have a vehicle or machine that your business depends on, and it unexpectedly dies on you. Unless you have a large pile of cash, you are going to have to borrow money to replace that equipment. You can spend days or weeks trying to catch up the bookkeeping to satisfy.