Small Business Bookkeeping Checklist for Your First Year

Running a business without proper bookkeeping is like driving without a dashboard. You may move forward—but you won’t know how fast, how far, or how close you are to running out of fuel.

Why bookkeeping matters

Bookkeeping gives you clarity. It shows whether you’re profitable, where your money goes, and whether you can afford new hires or investments. It’s also the foundation for tax compliance and investor confidence.

Monthly bookkeeping checklist

  • Record all income and expenses
  • Upload and tag invoices and receipts
  • Reconcile bank and credit card statements
  • Review profit & loss and cash position
  • Set aside money for taxes
  • Back up financial data securely

When to get professional help

If you’re spending hours fixing errors, missing deadlines, or unsure about tax treatment, it’s time to involve professionals. Early support prevents costly cleanups later.

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