Without a solid foundation of the accurate bookkeeping, financial statements or income tax return are meaningless. First of all, proper bookkeeping gives companies a reliable measure of their financial performance. Secondly, it helps to effectively manage cash flows, make strategic decisions and evaluations. Most importantly, it helps to achieve tax compliance, and provides reliable financial data to investors and business owners. In short, once a business is up and running, spending extra time and money on maintaining proper records is critical. Besides that, you are required under the law to maintain accurate books and records. In fact, “poor accounting” is one of the top reasons businesses fail. Without reliable bookkeeping, you are blindly driving your business off a cliff. And At Ortus Accounting Bookkeeping Services Scarborough, our team is here for you!