Setting the Records Straight

Diligent bookkeeping can be overwhelming, largely because business owners don’t think much about it until tax season. The truth is that there is no better time than now to set your bookkeeping records straight. 

Every small business owner wants to minimize his or her tax liability, but it is impossible to do so without the proper documentation. Are your bookkeeping records in order? Not sure?  It may be helpful to consider some of the following:

  • Tracking Expenses 
  • Expense Payment/Prepayment
  • Tracking Income
  • Determining Profit
  • Deferring Income

Over the next few months I will be expanding upon the items listed above, so stay tuned for details!  

Want to learn more about the benefits of proper business bookkeeping? Contact me for more information.