Sure, it may seem odd, but this topic is a valid question that needs answering.
Bookkeeping is meant to simply keep track of your business accounts and transactions, right? But as a small business owner, can it provide you with even MORE benefits? Let’s explore.
No matter the situation, we know that being contacted by the IRS can be nerve-racking and intimidating. Whether you see the name scroll across the caller ID or just in their letterhead, our hearts tend to beat a little faster.
And rightfully so. For Pete’s sake, it’s the IRS. They’re likely after your money and you fear you may have filed something wrong. And although there’s no cookie-cutter way to prevent them from contacting you, there ARE 4 helpful tips that’ll help you steer clear of their audits.
Whether you’re one of those business owners who needs to do everything by hand or simply doesn’t trust technology — we get it. Everyone has their own method of keeping their books balanced. However, with the exceptional advancements in technology, using a reputable software can save you significant amounts of time and money for your business.
As a small business owner, there’s no need to feel intimidated by your bookkeeping efforts. We’ve put together a short list of tips to get you started in the right direction.
Bookkeeping: Bookkeeping is NOT accounting. A bookkeeper resolves bank statements, writes checks and makes deposits.
Outsourcing: Outsourcing can be an intimidating word, but it means the same thing as hiring from outside your company
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When it comes to your bookkeeping, you need someone reliable and a lot of the times an MBA on your staff may not know how to do the task of a bookkeeper. Here are some helpful hints to let you know whether or not you should outsource your bookkeeping.