Bookkeeping is one of those tasks that small business owners love to hate. It’s a necessary evil; keeping on top of your books provides a number of benefits, but the lure of those benefits often simply doesn’t outweigh the tedium. So, for many small business owners, small business accounting updates happen once a year – in the mad scramble to get your taxes prepared.

Falling behind on your bookkeeping creates a number of problems. You need to understand the consequences of falling behind and take action today to get on top of your books and stay on top of them.

Here are some reasons you don’t want to get behind on your small business accounting:

• You Simply Don’t Know Read more →

If you’re like most owners, small business bookkeeping is one of those tasks you’d prefer to just get over with. It feels like a distraction from the real work of running your business. While you know it’s necessary, you also don’t want to spend more time and resources on bookkeeping than what’s absolutely necessary.

That’s why you need to make sure your small business bookkeeping practices are as efficient as they can be.

Here are some tips you can begin implementing today that will streamline your bookkeeping process and help make sure you reap the benefits:

Use the right accounting system for your small business bookkeeping. It’s easy to just go with either the easiest possible system or the system… Read more →

As your business grows, it quickly becomes apparent that you can’t do everything on your own. There simply aren’t enough hours in the day to do all of the sales, marketing, bookkeeping and the actual work your company performs. It isn’t too long before a growing business needs to be able to hand off some business functions to someone else in order to keep growing.

One of the first areas to go is usually accounting. Many small business owners simply don’t enjoy this task, and others just don’t have the time. One of the big decisions you’ve got to make is whether you want to hire an accountant or bookkeeper, or whether you want to outsource that task.

Is it … Read more →

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