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Bookkeeping Tips: Why are Inventory Counts important?

So why are inventory accounts so important?  Making sure you have an accurate account, can make the efficiencies and customer service in a business the best. Although most counts are time consuming and drain you resources, they are very important.

Topics: Accounting procedures 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

How I Choose Accounting Software For Small Business Clients

Having the right small business accounting software for your business can make all the difference in the world. Having it set up and using it correctly from the beginning will make your life easier especially when it comes to tax time and you need provide information to your CPA.

Topics: Accounting Accounting procedures Best practices Advice Bookkeeping

Want Better Results? Maximize Profits And Control Costs Today!

When growing your small business profits margins are a big deal.

Maximizing profits are not just for huge corporations. There are ways to make your revenue stretch and work for you. You can maximize your profits by making a few changes in your business.

These are easy to implement and follow.

Topics: Accounting Accounting procedures Business Advice

The Benefits of Using Xero Accounting and 5 How-To Tips

Small business accounting was once time-consuming and complicated, especially if you were a DIY kind of person. The latest accounting software like Xero Accounting makes those difficulties a thing of the past. It allows you to do all of your financials in the cloud for an affordable price.

Topics: Accounting Accounting procedures