It's tax time. Do you have your paperwork together and are all your statements reconciled? Before you start pulling your bank statements and backup support paperwork together for your accountant for last year's tax return, you should go through and reconcile your credit card statements for your small business. Why? You may ask. We all know that reconciling a bank account makes it easier to confirm the funds are correct. It will limit the error of bounced checks and improper managing of accounts … [Read more...] about 3 Benefits of Reconciling Your Credit Card Statements
Small Business Bookkeeping Tips Archive Page
Welcome to our Small Business Bookkeeping Tips archive page to help you and your business streamline processes. Read the archive posts for bookkeeping tips to use in your business.
Important Real Estate Bookkeeping Tips
All small business' books must be well organized. This statement is especially true for Real Estate agents. Since they are usually smaller entrepreneurs, they have to be vigilant about how they keep their bookkeeping. This post talks about real estate bookkeeping tips to help you stay organized and be productive. Follow along and take action today to get organized with your bookkeeping. First, let's start with where you place your papers. Keep papers separate. When solopreneurs work … [Read more...] about Important Real Estate Bookkeeping Tips
How to Order IRS Information Returns forms for FREE
This month, we are ordering IRS information returns forms to make sure we can get them in time by the end of this year. The IRS allows you to order these FREE information returns forms to use to make sure all the content is inputted in the same way. The IRS Information Returns forms you can order from the IRS website are as follows. There are a lot more returns listed on the website, but here are just some of the list: Wage and Tax Statement Form W-2Transmittal of Wage and Tax … [Read more...] about How to Order IRS Information Returns forms for FREE
How to Keep Connected to Internal Revenue Service Online
This post is to help you stay connected with the Internal Revenue Service online. Did you know they have an app on iOS and Android? Did you know they are on Facebook, Instagram, LinkedIn, and even YouTube? I didn't realize that they were so I wanted to share with you where I found them online. I hope this helps you get your questions answered quickly. They have very useful tips that can help with your small business so taking action and following them works well. I have learned a lot from … [Read more...] about How to Keep Connected to Internal Revenue Service Online
Small Business Mid Year Review Tips
June 30th was the halfway point of the year! Why not take a proactive view of your tax forms and review your employee and subcontractor. It is a great time to do a small business mid-year review to look at your business goals, product line, your 1099-misc paperwork, subcontractors' documentation, bookkeeping files, Profit, and your Employee W-2 information to make sure everything is in order. What areas should I review in my small business when I do a mid-year review? Below are the … [Read more...] about Small Business Mid Year Review Tips
How to Keep Business Credit Card Receipts
While reconciling bank accounts are important, you need to have proof of receipts for all your transactions, even the credit card transactions. Today, we will talk about the importance of keeping receipts for credit card statements and ways to organize your credit card transactions. Follow along and get your credit card receipts in order before it is too late. The importance of keeping credit card receipts. Most small businesses have one or more business credit cards (CC). Keeping these … [Read more...] about How to Keep Business Credit Card Receipts
7 Startup Bookkeeping Tips You Need to Know
When starting a small business, there are a lot of details that need to be done. Bookkeeping is an essential part of small business tasks during the day. I know it's not glamorous. It's not even fun to do. But, to save you money and stress during tax time, getting your small business bookkeeping in order will significantly reduce both of these things. Below we are sharing seven startup bookkeeping tips every owner should know right from the beginning. Follow along and take notes. Seven … [Read more...] about 7 Startup Bookkeeping Tips You Need to Know
9 Things Every Owner Needs To Know About Accounts Receivable
Everyone wants to be paid for their services, right? We don't like to call and remind the client to send the check daily. We want our clients to be trustworthy and pay when the bill is due. At one time or another, we all have dealt with someone paying late. It makes us feel unappreciated. Doesn't it? I know it does for me. To help you minimize your accounts receivable issues, I share these nine(9) things every owner needs to know about accounts receivable. Tip: Visit U.S. Small Business … [Read more...] about 9 Things Every Owner Needs To Know About Accounts Receivable
How to Save Money in Your Small Business
As small business owners, we must control our spending and make sure we are spending and saving in the right areas of our businesses. It is important to save money for those rainy days when we need a backup of cash when business is slow, like in recent years and during recessions. Today, I will be discussing different ways to do just that. I broke these posts down into 7 categories: I hope you find them useful. Easy Ways to Save Money in Your Small Business Outsourcing Tips to Save Time … [Read more...] about How to Save Money in Your Small Business
