Bookkeeping plays crucial role in supporting small business by providing accurate financial data and insights. Owners can use it to determine profit margins, track spending, and evaluate the financial health of their business. Decisions about pricing tactics, cost- cutting initiatives, investment opportunities, and expansions plans are informed by this information. Small business owners can reduce risks connected with cash flow management, financial management and make decisions that results in sustainable growth and profitability by using by using financial report and analysis.