Bookkeeping offer benefits that help you make smart business decisions. With bookkeeping, you can identify money-making opportunities, avoid cash-flow problems, and find ways to increase income or decrease spending. For example, your bookkeeping records might show that eliminating the non-productive late-shift would save your business $5,000 per-month. Your bookkeeping records also might show that business income would increase 50 percent by stocking more red socks instead of blue socks. Good bookkeeping records also are beneficial when you’re applying for a business loan. By keeping good and accurate records, you make it easier for lenders to make decisions about your business.