To run a small business, you have to be at least a little skilled in the art of bookkeeping. The thought might be overwhelming if you’re not passionate about it—but a basic understanding of bookkeeping can revolutionize your business. Bookkeeping is the process of recording and organizing a business’s financial transactions.
With the right bookkeeping tools, you’ll feel more confident in your business’s future and better able to understand (and plan for) your own profitability. Best of all, you don’t need to become an overnight calculus expert to understand bookkeeping. Instead, just keep reading—the tips we list below can help you get a handle on bookkeeping basics that will help your small business succeed.