Why Bookkeeping Isn’t Enough

Fish Food

Jul 27 2022 • 8 mins

Navigating the world of finances is overwhelming, especially as an entrepreneur or freelancer. In today’s episode, I’m giving you some quick tips on what you need to know about bookkeeping, reviewing financial reports, and tax repair so that you can take better charge of your finances.

Good bookkeeping is so much more than logging your income and expenses. At its core, it is the foundation of all your reports from which the financial strategy and goals for your business are built. That’s why I’m walking you through an overviewing of the tasks that go into bookkeeping. Then, I explain what financial reports are and the three things you need to do (and keep in mind) when you review them.

Last but not least, I discuss the importance of good bookkeeping and how bookkeeping and tax repair intertwine and impact one another. This episode will help you understand why bookkeeping alone isn’t enough so that you can take charge of your finances and grow your business with peace of mind.

Looking for tips, insights, and support with all your accounting needs? Then head over to Fish Food Resource Hub! If you're ready to outsource your Accounting and/or Tax prep needs then contact us at podcasts@littlefishaccounting.com

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