Accounting software is vital for businesses to track their financial health and tax liabilities. It allows a company to record all of its transactions to provide a clear picture of the business's success. The software should be set-up correctly from the beginning to ensure that revenues and expenses can be properly tracked. After the software is set-up, it is crucial that all of the transactions are properly recorded and classified to be sure you have the correct numbers when filing your taxes. One error can result in a loss of thousands of dollars, and poor bookkeeping can cost a lot of money to fix in the long run. A few simple tips to take to avoid future problems:
Keep your business and personal expenses separate at all times.
Always provide bank and credit card statements to your bookkeeper from the beginning, so they can see every transaction and have the correct account balances.
Keep your books up-to-date and reconciled at the end of each month.
Are you looking for someone to set-up QuickBooks for your business? If so, I can help! I specialize in QuickBooks Online, QuickBooks Desktop Pro, and QuickBooks Desktop Premier; and can set-up your software to fit your business's custom needs. Additionally, I offer monthly bookkeeping packages to keep businesses up to date and provide peace of mind that your transactions are correctly recorded.
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