It is unlikely for you to have your balance sheet tally at the end of the year if you do not have an accountant because there would be miss-categorization of assets, liabilities and expenses. A professional accountant will maintain a proper record of Incomes and Expenses, calculate right taxes, categorise expenses properly and provide you with monthly reports to keep you updated about your finances and help you make smart money and tax saving decisions.You will come to know :
- How much money your business owes
- How much money your business shall receive
- What is the investment amount
- Profit derived from it and such similar aspects.