If you are the owner of a small business, you should think about hiring a professional accountant for assistance. In general, bookkeeping can be a time-consuming and overwhelming process for people without experience in the field. If the account books are not well-maintained, your business could end up losing money and having poor cash flow. In addition, processes such as filing taxes will become overwhelming. If you are set on managing your own accounting work, you should use the outlined practical tips to help you in bookkeeping.