Why do New Businesses need bookkeepers?

The first 12 months is a critical period of time for any new business, with the majority of start up failures occurring within this initial 12 months. Most business owners generally have the skill set to run the operational side of their business, but lack the knowledge or skills to perform tasks such as bookkeeping and managing their financials. Utilising a quality bookkeeper eases the stress of building a new business as it allows business owners to focus on what they do best.