Companies often hire bookkeepers to help them maintain financial records and accounting reports. Among other things, a bookkeeper will often do the following: Document and categorize transactions, including income and expenses. Manage a company's finances via business accounting software, such as QuickBooks or Xero.

Bookkeeping is important for businesses for several reasons, including making accurate budgeting possible, staying prepared for taxes, maintaining organized records, enabling proper reporting to investors, aiding in setting and monitoring business goals, ensuring compliance with government regulations, and offering ...