What is Bookkeeping? - the essential facts.

Bookkeeping is the process of recording and managing your business’s financial transactions. In its simplest form, bookkeeping involves tracking everything from sales and expenses to profits and losses. But its role goes far beyond just keeping track of numbers—bookkeeping helps you understand where your money is coming from and where it's going.

For small business owners, proper bookkeeping ensures that you’re on top of your cash flow, tax obligations, and overall financial health. Whether you’re a freelancer, startup, or growing business, bookkeeping helps you make informed decisions, avoid costly mistakes, and build a sustainable foundation for the future.

Don’t worry if this all seems overwhelming at first glance or if you say that you are not good with numbers. We will explain all the details about the ins and outs of bookkeeping in this series of blogs and HB Bookkeeping and Consulting LLC will be there to help you every step of the way if you contract with us.