I work with plenty of small business owners that feel bookkeeping frustrates them. They don't want to do it. They don't even understand the importance of it. I'm here to tell you that it is important and it most is done properly to be effective. Make Bookkeeping A Priority For Your Small Business First, you will need to understand the benefits of having an efficient bookkeeping system: Making sure your cash flow has a system. By using a budget and tracking specific transactions … [Read more...] about Make Bookkeeping A Priority for Your Small Business
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How to Organize Your Seasonal Summer Business Before Busy Season
Some years ago, I worked with a food truck business owner who would have super busy summers, and we found that it was tough for them to stay organized when they were going from event to event all in one weekend. So, to help them, there were several tips we implemented. 5 Tips To Organize Your Seasonal Summer Business Create a list of events needed for the entire season. This time of year is the best time to schedule those upcoming events. Keep a list of the yearly events you take … [Read more...] about How to Organize Your Seasonal Summer Business Before Busy Season
4 Steps to Record Checks Made Out to Cash
Some small businesses use the process of writing a check out for cash. While it's best to write checks to individuals and not made out for cash, some small business owners may do this because it is easier. The problem is if you write checks made out to cash, you need to keep really good records since the IRS looks for the backup paperwork for these cash withdrawals when they do their audits. Keep in mind that we all need cash for various purchases if we work with cash often these steps will help … [Read more...] about 4 Steps to Record Checks Made Out to Cash
