Nov 25, 2020
Within a few days of month end, do the following: 1. Enter all vendor bills: Make sure all vendor bills for the month are entered in QuickBooks 2. Reconcile vendor statements: Reconcile each vendor’s statement to the corresponding accounts payable balance in...
Oct 21, 2020
As a business owner, you may have already been thinking about hiring a bookkeeper. Or maybe you think you do not need one. I will give you just some of the benefits of hiring a virtual bookkeeper instead of an in-house bookkeeper or doing the books yourself. Reason #1...
Sep 16, 2020
If you’re in the throws of starting a new business, now’s the time to get a handle on your books. Once your business is thriving and your cash flow starts moving, you’ll benefit from having a solid strategy when it comes to your bookkeeping. Keeping track of your...
Sep 9, 2020
Here are some tips to make small business bookkeeping easier. 1. Separate business and personal finances. Co-mingling expenses and income is a common mistake in small business bookkeeping—and one that will cause huge headaches for your business in the future. Open a...
Aug 26, 2020
Badly tracked finances can cause your business a world of problems—from poor cash flow to improper tax filings and beyond. These kinds of problems can put a young business at serious risk. Good bookkeeping habits, on the other hand, can help a business thrive—and not...
Aug 19, 2020
Whether you are already underway with your business efforts, or you are just getting started, there are a few bookkeeping rules that should be implemented into your financial system: • Rule #1 – Separate Personal and Business Finances: Even though you are fronting the...
