To get a compete overview of your costs is crucial for several reasons:

1. Informed decision-making: understanding the full scope of costs enables you to make better decisions. It helps identify areas where your resources can be optimized, ensuring that money is spent wisely and in alignment with your goals.
2. Cash flow management: a complete overview of your costs is vital for managing cash flow effectively. Without this visibility, you risk overspending or failing to account for hidden costs, leading to cash shortages or financial strain.
3. Budgeting and forecasting: accurate cost tracking is the foundation of realistic budgeting and forecasting. If you are unaware of all its costs, it’s difficult to project future expenses accurately.
4. Cost control and efficiency: having visibility over all costs allows you to identify inefficiencies and opportunities for cost reduction. By knowing which areas are consuming disproportionate resources, you can implement cost-saving measures.