The Small Business Bookkeeping Guide
Small business bookkeeping involves tracking income/expenses, reconciling accounts, managing invoices, and preparing for tax filing. AI automation handles most of this at {price} per invoice.
Bookkeeping is the foundation of your business finances. This guide covers what to track, how often, what it costs, and choosing the right approach.
What is bookkeeping?
Systematic recording of all financial transactions. Foundation for tax filing and financial decisions.
Key takeaways
- → Foundation of finances
What to track
Sales invoices, supplier bills, bank transactions, payroll, VAT. Every transaction needs a supporting document.
Key takeaways
- → Every transaction needs a document
How often
Daily: invoices. Weekly: reconcile. Monthly: close. Never let it pile up.
Key takeaways
- → Daily/weekly/monthly
Costs compared
DIY: free but costs time. AI: {price}/invoice. Human: €200-600/month. Accountant: €1,000-3,000/year.
Key takeaways
- → AI: {price}/invoice
Choosing
AI for 20+/month. Human for complex. Hybrid is often best.
Key takeaways
- → Hybrid often best
Summary
AI at {price}/invoice + human oversight + accountant for filing. Track daily, reconcile weekly, close monthly.
Questions
Need a bookkeeper with AI?
AI does data entry; bookkeeper reviews monthly. Many use both.
What records?
Invoices, receipts, bank statements, payroll, VAT. Keep 5-7 years.
How much?
AI: {price}/invoice. Human: €200-600/month.