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Frequently Asked Questions

How often should I do my bookkeeping?

At least once a week, record all financial transactions, including incoming invoices, bill payments, sales, and purchases. And make it a priority to close your books regularly too. You may do this every month, but at the very least, balance and close your books every quarter.

What happens with poor bookkeeping?

Poor bookkeeping can cause you to pay your debts late, resulting in increased interest rates, loss of credit, less-favorable payment terms with vendors and suppliers, and damage to your credit scores and reports.

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