5 Bookkeeping Tips for Business Owners

By: lauras119 Thursday January 3, 2013 comments

1)     Plan for major expenses

  1. Don't miss business opportunities.

  2. You'll be ready to get a loan last minute.

2)     Track Expenses

  1. Don't miss any eligible tax write-offs.

3)     Record deposits accurately

  1. Double check every deposit.

  2. Reconcile Bank Account each month to verify accuracy.

4)     Set aside money for paying taxes

  1. Don't pay penalties and interest to the IRS

5)     Keep a close eye on your invoices

  1. Late or unpaid bills cost more than paying on time.

  2. Maintain good relationships with your vendors.


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