{"id":1545,"date":"2016-12-06T09:17:56","date_gmt":"2016-12-06T09:17:56","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=1545"},"modified":"2018-10-29T17:29:07","modified_gmt":"2018-10-29T17:29:07","slug":"bookkeeping-important-faqs","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/bookkeeping-important-faqs\/","title":{"rendered":"Why is bookkeeping important? | FAQs"},"content":{"rendered":"<p style=\"text-align: left;\">Understanding your bookkeeping reports can help you determine how your organisation is doing in the bigger picture. You don\u2019t have to be a professional accountant to master your finances or your financial management.<\/p>\n<p style=\"text-align: left;\">Watch the video below featuring Gareth Cotten, Head Tutor on the <a href=\"https:\/\/www.getsmarter.com\/courses\/za\/uct-bookkeeping-short-course\" target=\"_blank\" rel=\"noopener\"><strong>UCT Bookkeeping online short course<\/strong><\/a>, to understand why getting bookkeeping certification and training is vital to your organisation\u2019s success.<\/p>\n<div style=\"text-align: center;\">\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/roQOcgK9lOM\" width=\"970\" height=\"545\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p style=\"text-align: left;\">There are two key bookkeeping tips for you as a small business owner or freelancer manning your own financial management. The first is that having a keen understanding of your finances and bookkeeping will you give you a better understanding of how your business or organisation is doing from a financial management perspective, in the bigger picture. You&#8217;ll be able to identify if your bookkeeping is keeping your business healthy and find out where things could be improved. The other important reason for sound bookkeeping as a small business owner or freelancer is legislative. If your bookkeeping is in check, you will be able to comply with external stakeholders like tax authorities.<\/p>\n<p style=\"text-align: left;\">If you don&#8217;t commit to correct bookkeeping, it is impossible to answer to external institutions. Getting leading bookkeeping certification will help keep your business healthy and accountable.<\/p>\n<hr \/>\n<h5 style=\"text-align: left;\">Want to learn the most relevant skills and\u00a0get bookkeeping certification from a world-class university?<\/h5>\n<p style=\"text-align: left;\">Find out more about the University of Cape Town Bookkeeping online short course.<\/p>\n<p style=\"text-align: left;\"><div class=\"related-programme-block\">\n<div class=\"related-programme\" onclick=\"window.open('https:\/\/www.getsmarter.com\/courses\/za\/uct-bookkeeping-short-course', '_blank')\">\n    <div class=\"row\">\n        <div class=\"col-12 col-md-11\">\n            <div class=\"related-programme__school-logo-container\">\n            <a href=\"https:\/\/www.getsmarter.com\/universities\/university-of-cape-town\" target=\"_blank\" class=\"related-programme__school-logo-link\">\n                <img decoding=\"async\" src=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2018\/09\/UCT_logo.png\" alt=\"School Logo\" class=\"related-programme__school-logo\">\n            <\/a>\n            <\/div>\n            <div class=\"related-programme__copy\">\n            <a href=\"https:\/\/www.getsmarter.com\/universities\/university-of-cape-town\" target=\"_blank\" class=\"related-programme__school-name\">\n                University of Cape Town (UCT)            <\/a><br>\n            <a href=\"https:\/\/www.getsmarter.com\/courses\/za\/uct-bookkeeping-short-course\" target=\"_blank\" class=\"related-programme__programme-name\">\n                Bookkeeping online short course            <\/a>\n            <\/div>\n        <\/div>\n        <div class=\"col-md-1 related-programme__chevron-column\">\n            <div class=\"related-programme__icon-container\">\n                <img decoding=\"async\" class=\"add-btn\" src=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/themes\/blog\/assets\/icn_arrow-circle_right.svg\" alt=\"Read More Icon\">\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n<\/div><\/p>\n<hr \/>\n<p style=\"text-align: left;\"><em>Transcriptions<\/em><\/p>\n<p style=\"text-align: left;\"><em>Bookkeeping is important for two reasons:<\/em><\/p>\n<p style=\"text-align: left;\"><em>One, internally it helps you to make sure that you have a very sound and fixed picture of how your business is doing. It helps you track your performance and see how the business is doing and to see how healthy it is.<\/em><\/p>\n<p style=\"text-align: left;\"><em>The second, is a slightly more external focus in that from a legislative perspective you definitely have to be able to show, prove to the, for <\/em>example<em> the tax authorities how your business is doing and if you are not tracking your bookkeeping correctly it\u2019s impossible to do that.<\/em><\/p>\n<p style=\"text-align: left;\"><em>So there is an internal focus and an external focus for bookkeeping.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bookkeeping is important for two reasons. <\/p>\n","protected":false},"author":74,"featured_media":20637,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[127,128],"article-format":[],"class_list":["post-1545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-career-advice","tag-career-advice","tag-finance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v26.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Is Bookkeeping Important? | FAQs Video<\/title>\n<meta name=\"description\" content=\"Get world-class bookkeeping certification of your skills and make sure your business stays healthy and accountable with the UCT Bookkeeping online course.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.getsmarter.com\/blog\/bookkeeping-important-faqs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why is bookkeeping important? | FAQs\" \/>\n<meta property=\"og:description\" content=\"Get world-class bookkeeping certification of your skills and make sure your business stays healthy and accountable with the UCT Bookkeeping online course.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.getsmarter.com\/blog\/bookkeeping-important-faqs\/\" \/>\n<meta property=\"og:site_name\" content=\"GetSmarter Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-06T09:17:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-29T17:29:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/12\/Why_Is_Bookkeeping_Important.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Shameel Mohanlal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"GetSmarter Staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/bookkeeping-important-faqs\/#primaryimage\",\"url\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/12\/Why_Is_Bookkeeping_Important.png\",\"contentUrl\":\"https:\/\/www.getsmarter.com\/blog\/wp-content\/uploads\/2016\/12\/Why_Is_Bookkeeping_Important.png\",\"width\":500,\"height\":500},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.getsmarter.com\/blog\/bookkeeping-important-faqs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.getsmarter.com\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Blog\",\"item\":\"https:\/\/www.getsmarter.com\/blog\"}]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Why Is Bookkeeping Important? 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