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Michael Bayles

Michael Bayles

Corporate Accountant for Luxa Enterprises, Mike has worked in the accounting field for twenty-five years. He enjoys reading and spending time with his family.

Recent Posts by Michael Bayles:

Month end close process checklist

 

Are You Ready for Year End?

The end of the year is upon us and for small business owners it is an important time of the year.  Review this list to see if you are ready.

Topics: Accounting Accounting procedures Best practices Bookkeeping

Why Reconciling Your Account Is Vital To Your Month End Close Process

 

Check Your Bank, Check Your Books

Reconciling your bank account is a fundamental month end closing process in accounting and is critical for your business and personal financial health.

If you are not reconciling your bank accounts on a regular basis you can’t be confident that what your balances show in your books is really what is in your bank.

At a minimum you should reconcile the bank statement to your records whenever you receive your bank statement, be it monthly or quarterly. Even better, reconcile it every day!

Topics: Accounting Accounting procedures Best practices

This week's review on the best small business accounting apps: Hubdoc!

One of the best small business accounting software that we use at LUXA Enterprises is Hubdoc. Just like the name says, it is a hub for all of your documents. Hubdoc allows us to maintain a paperless office for our firm and for our clients and saves us valuable time.

Topics: Accounting Best practices