Is it better to have money in the bank or have up to date accounts and know you are losing money

You can always have money in your bank account because you have not paid anyone, suppliers or taxes. But are you making money? If you don't have up to date monthly accounts, you wont know if you are amking money. If you judge your financial state by only looking at your bank statement, you will not know if you are profitable. But at least if you have monthly accounts showing a loss you know you are not profitable.