Bookkeeping tasks for small businesses are the essential day-to-day tasks that help to track and organize the financial activities of the business. This includes tasks such as tracking income and expenses, reconciling bank accounts, producing financial reports and forecasts, tracking customer payments, and preparing tax returns. Bookkeeping tasks are key to understanding how a small business is performing financially and to ensure compliance with all relevant laws and regulations. Small businesses need to be smart and make sure they have a reliable system in place to keep up with their bookkeeping needs. Having accurate bookkeeping records makes it easier to measure performance, prepare taxes and accurately make future business decisions.