How Bookkeeping and Accounting Help Small Businesses Thrive
Did you know that 82% of small businesses fail due to cash flow issues? At the heart of this problem lies one common culprit: poor financial management. For many small businesses, the line between survival and shutdown often hinges on how well they manage their books. Bookkeeping and accounting are the financial lifeline of any small business. From tracking every transaction to ensuring compliance with tax regulations, these functions keep operations running smoothly. They give entrepreneurs a real-time view of their cash position, help them spot financial red flags early, and support smarter, faster decisions. Modern tools like Giddh make this even easier. With features like real-time tracking, seamless invoicing, and automated reporting, small business owners can take control of their finances and get back to focusing on growth. Let’s look at how bookkeeping and accounting, especially with tools like Giddh, can drive smarter decisions and long-term growth. What Happens to ...