The frequency of updating financial records depends on the business size and transaction volume. Daily updates are ideal for businesses with high transaction volumes, while weekly updates may suffice for smaller operations. Regular updates help detect discrepancies early, maintain accurate cash flow records, and ensure readiness for tax filings and audits. Delayed record-keeping can lead to errors, missed payments, and poor financial decisions. A consistent schedule, supported by professional bookkeeping services, ensures financial data remains reliable and current.