Bookkeeping Tips

Keep Complete Records

Many business owners don't keep records, let alone enough records to keep track of their companies true value. A healthy business is monitored through its records on a regular basis so you can find problems and correct them before it's too late.

Think of it this way -- bookkeeping is the glue that keeps your business together. If your records aren't in good shape, the business could fall apart.

Use A Computer

Computer bookkeeping software is absolutely essential for all businesses, whether large or small. These programs make it easy to track income and expenses, prepare tax documents, summarize your company's financial activities and back up records for safekeeping.

Keep Business Records Separate

To save time and avoid hassles at tax time, clearly differentiate between business expenses / income and personal expense / income. Pay your business expenses with your business accounts; and your personal with you personal accounts.