Importance of Bookkeeping

in cryptocurrensi •  6 years ago 

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Why do businessmen often lose? one of which lies in chaotic bookkeeping. Because not a few people underestimate the bookkeeping system. Though although with a simple bookkeeping but can greatly help your business.

Simple bookkeeping is very important for your SME business, here are the reasons

Helping you in controlling your business finances. Both the money coming out and the money coming in.
Can easily take a decision. Because even with simple bookkeeping you can easily decide whether or not to cash. If so, how many are disbursed so as not to disrupt the company's finances. How much money should be saved, how much and reserves and so on.
Tax calculator tool. By using simple bookkeeping you can calculate your company tax per month. That way you do not have to bother counting from the beginning of the year because it is arranged neatly in the bookkeeping.
So it has important data of your relation. And if you want to hold an agenda with relations or third parties such as investors or banking, you can more easily.
Analyze from where our business income source.
Monitoring where the money is flowing reduces cheating. And through the availability of information about the record of any financial transactions issued so that it can be appropriate appropriate in controlling the cost of cash disbursements.
Knowing the business's current financial position by looking at business progress through recapitulation and grouping data from your business's financial books to know where and where the money goes.
Improve business performance bona fide so that with the existence of financial statements then the value of business bonafiditas can increase in the eyes of investors.
Knowing which consumers are paying off their receivables.
Planning cashflow is necessary to take additional capital from investors or not.
Knowing the data of the suppliers whose debts will soon be due.

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