I keep my receipts and bring them to my Accountant at year end….is this bad?
The importance of bookkeeping is crucial to your business success…and it doesn’t need to cost much, either. If you don’t look at your profit and loss until the end of the year, then you may have been losing money for the past 12 months and the “bleeding” may now have turned into “hemorrhaging”. Trades especially are vulnerable in this area as they perceive great compensation for the project but underestimate the true value of labor and materials required. Find a bookkeeper that will accept your receipts every two months and keep you profitable.