How long do you keep your business files? Do you keep them forever or do you get rid of them after a certain length of time? Keeping files for a business is different from keeping your personal files. There are many different types of business files that need to be kept at different lengths of time. Over the years small business owners have asked me these questions. To be honest, the IRS doesn't have a clear, across the board answer to this question so here is what I suggest. If you wish to … [Read more...] about How Long Should I Keep Business Records
Small Business Procedures Tips Archive Page
Welcome to our Small Business Procedures Tips Archive Page to help you and your business streamline processes. Read the archive posts for tips to use in your business.
How to Show Income Breakdown on a Profit and Loss Report
While in QuickBooks reviewing my client's P&L report, I realized that it didn't show the breakdown of where the money came from. This particular client does not invoice through QuickBooks so the information wasn't being tracked. I wasn't going to add more work to the client's bill to duplicate the invoice process. So, instead, I created a different way to track this information. To save paper, money, and help the client, I created this quick trick on how to show income … [Read more...] about How to Show Income Breakdown on a Profit and Loss Report
5 Ways to Outsource Work to Save You Time and Money
There are many ways to get help for your small business, here are 5 ways to outsource work that will help you stay organized and on target with your business goals. Bookkeeping - simple reconciling of bank account and credit cards statements. Social Media Help - Researching posts online and setting up to post in a Social Media scheduler. Monthly pre-paid hours can be billed on a monthly basis and can be setup in advance to help you. Invoicing - This process usually needs to be done … [Read more...] about 5 Ways to Outsource Work to Save You Time and Money
Saving Time Using Pinterest – Advice For Your Small Business
As a small business owner, we need to save time wherever we can. This week, I will be talking about saving time using Pinterest for your small business. Yes, I know this sounds like an oxymoron statement, but it isn't. Benefits of saving time using Pinterest: If you are a visual person and need to see things to remember them, Pinterest has lots of images to keep reminding you of tasks that need to be done. After all, it is an image-based social media site. Planning events for your … [Read more...] about Saving Time Using Pinterest – Advice For Your Small Business
7 Questions to Ask when making an Effective Mobile Office
If you are like so many people these days, you may work at the office, at home, and on the road. And, keeping all the projects and tasks going while being mobile can be challenging. You need to be pretty organized to keep everything where they need to be when you need to use it. The list below is questions to ask yourself to help your mobile office get more organized and efficient. 7 Questions to ask when creating a mobile office for your small business QUESTION 1: What is and is not working? … [Read more...] about 7 Questions to Ask when making an Effective Mobile Office
3 Ways to Organize Your Small Business Files
Your office files can get very disorganized if you don't have a good management system established. By not having it organized, it will result in undue stress for you and your employees. Taking the time to organize these systems will make your business run more smoothly and will reduce stress for you and your employees/clients. Here are three powerful ways to organize your home and office files. 1. Sorting by color coding: Use different colors to represent different types of data. Try green … [Read more...] about 3 Ways to Organize Your Small Business Files
How to Track Social Media Followers in your business
I work with several clients that need help managing their social media marketing. From managing a few social media accounts to several accounts, I had to set up a tracking social media followers system that would make it easy for me and them to track the progress of the account. 3 Important Tracking Social Media Followers Tips Here are tracking social media followers tips: Make a list of all your social media accounts: Be sure to include the username and password. Also, add the email address … [Read more...] about How to Track Social Media Followers in your business
Consistency Is Important in Every Small Business
When developing systems in your small business, consistency is key. Having incorrect data and content that is not in the correct placement is very time-consuming and frustrating to all the people that have to work with the information. My virtual clients come to me to have me help them clear up the inconsistencies in their systems. Some don't even realize there is an issue until they are looking for something and then realize that the information is incorrect. Note: I'm not just talking about … [Read more...] about Consistency Is Important in Every Small Business
How to Make an Effective Task List For A Sole Proprietor Business Owner
When establishing your business, you may forget how to do different steps for a particular job. It's OK. You are doing a lot so you are bound to forget. To help you remember better, make a task list for each process that isn't done often. What task lists should be created? Some examples of task lists are quarterly estimated taxes process, emailing customers reminders about upcoming services, working on social media engagement jobs, and creating blog posts. Why make a task list for my sole … [Read more...] about How to Make an Effective Task List For A Sole Proprietor Business Owner
