Bookkeeping is necessary for every type of business, no matter how large or small the organization is. From one person work at home entrepreneurs, to large corporations, all must keep track of their expenses and income in order to be compliant with the IRS. Most smaller businesses, especially when starting out, opt to do this themselves in order to save money.
However, this isn’t always the best choice. If the books don’t get set up right from the beginning, it can become a big mess and headache down the road and can become costly to undo and fix. It’s always a good idea to have a good bookkeeping service set the books up to start, and then the business owner can try to do it themselves.