As a small business owner, you probably have the habit of doing the bulk of your business activities by yourself, with minimal help from your small number of employees. While you excel at entrepreneurial activities such as production and attracting customers, you suck at keeping records of your financial activities.  Many small business owners want to avoid spending money as much as possible. However, for bookkeeping, it is beneficial for businesses to spend on it than not to. Bookkeeping mistakes are costly and can negatively impact your business success.  If you have a problem calculating how much money you make or spend, then it is time to seek extra bookkeeping help.  There are three main cost-effective bookkeeping solutions you can employ as a small business owner. They include investing in bookkeeping or accounting software, hiring an in-house accountant or bookkeeper, and outsourcing your bookkeeping to a third-party company. Hiring in-house or outsourced bookkeepers is not cheap but they have you handle your bookkeeping tasks, saving you time and contributing to the financial success of your business.  A cheaper solution is to use bookkeeping or accounting software. They automate all your bookkeeping tasks without requiring too much manual input from you. Some of the services they provide include reconciling bank transactions, generating financial statements, and adjusting account balances.