Bookkeeping is a term that is used often when it comes to accounting for businesses. Bookkeeping is the activity or occupation of keeping records of the financial affairs of a business/organisation. As a result, one can argue that it is one of the most important parts of accounting for your business. Keeping and maintaining good company records is critical for ensuring that company financial reports are accurate as possible. Bad record keeping can lead to a lot of guess work for most businesses which is unhealthy especially if you plan on obtaining future investment. It is for this reason that creative accounting is bad for your business although it may give you what you perceive as savings on tax in the short term. Good record keeping can also help you save on accountancy costs depending on the accountancy firm. In addition, you cannot effectively claim the relevant expenses without good record keeping which is an integral part of bookkeeping. Jaki & Son Ltd offers bookkeeping services as an inclusive element of our accountancy packages. We are happy to offer bookkeeping as a standalone service – for more information contact us for a free consultation.