Hi Spagirl1550,
Thank you for joining our event and your question.
I find it best to update your books on a monthly basis, specifically if you have a high volume of business transactions to report. Not only does this help you keep track of money coming in and out of your bank, it helps you to stay organized and focus on your business growth. You should keep track and include other business expenses that may have been charged on a credit card.
Having up to date and accurate bookkeeping is of importance for a timely filing of your tax return and correct estimation of your quarterly taxes, if applicable.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
