What is bookkeeping and why is it important?
Bookkeeping is a systematic method of tracking and recording details of a business's income and expenses using bookkeeping software, printed books, or spreadsheets such as Excel. Anyone who earns money from self-employment activities and works as a sole proprietor is "in business" and needs a good bookkeeping system to keep track of their finances. This includes solopreneurs, bloggers, creatives, entrepreneurs, consultants, coaches and other providers of goods and services.
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