Most business owners know accounting is necessary for a business to survive - most notably for income tax reporting purposes. But having accurate and timely accounting is also a very necessary and helpful tool for your business to thrive. When your books are accurate and timely you have the tools to: properly assess the strengths and weaknesses of your business; prepare for the future by utilizing projections you can have faith in; as well as bid jobs more accurately to ensure profitability and competitiveness... Many business owners may think they can accurately assess the profitability of their business either by keeping track of it in their head or by looking at their bank statements every month. Perhaps this was true when the business first started but as the business grows from a 1 or 2 person operation to a larger and more complex business there inevitably comes a point when the profitability of the business becomes less obvious... With all of these variables present, it is..