As a gym owner, you may be able to handle some of the day-to-day tasks related to running your business,

As a Doctor, you may be able to do things like preparing invoices, meeting tax obligations, or managing cash flow,

As a bakery owner, you may be able to do things like preparing invoices, meeting tax obligations, or managing cash

According to studies, businesses that use accounting software are more lucrative and have better cash flow. It was also discovered that it saves 34% of the time on accounting duties.

While small business owners have basic bookkeeping and accounting skills, they lack the proper understanding of financial concepts and practices. It becomes hard to form a financial decision without a basic knowledge of accounting terms.