Accounting Matters Blog
Posts Tagged ‘Part-time’

Do-it-Yourself Bookkeeping??

Do-It-Yourself Bookkeeping?
How to Start Doing Your Own Bookkeeping
1. Avoid using computer software that is not suited to your size of business or your skill level. This is one of the biggest mistakes DIY bookkeepers make.
2. Critical key to success is setting up the correct chart of accounts that is right for your company and industry.
3. [...]

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Tips for Year-End

Let’s talk about getting your books and business ready for your tax preparer, while cleaning up your books and close the current year on a good note, which will start the next year on the right foot.
Small Business Guide - Year End - 7 Item Checklist

1. Get your financial records and books in [...]

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Q.

What is the best way to organize my business financial records?

A.

We have found that the most successful small business owners keep good records and maintain a good record filing and retention policy. It is important to keep all monthly bank statements, monthly cancelled checks, credit card receipts, credit card statements, cash receipts, and any important business documents in an organized filing system. We recommend that you keep these documents sorted by month. This makes it easier to send us your documents and also ensures that your back-up documents are readily accessible should the need arise. One easy and effective record retention method is to purchase a scanner and save all your financial documents electronically. By doing so, you can save space and prevent document loss.

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