4 important bookkeeping tips for small business
Maintain regular records: If you keep regular, daily records of all transactions then you’ll have a much easier time of it when you need to do the end of accounting period.
Use the right accounting system: Knowing which system to use and sticking with it from the beginning can help to make bookkeeping easier.
Stay on top of your bank statements: If you keep a careful eye on your bank records and where your money is, you’ll have less of a chance of missing something when you’re balancing the books at the end of an accounting period.
Be careful with checks: checks should be treated the same as cash. Whether you’re writing one or receiving one, be mindful of what you’re doing. Make sure you make out all checks accurately and record them all as they come in or go out.
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