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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: Bookkeeping Best practices Accounting procedures Accounting

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 procedures Best practices Accounting

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: Bookkeeping Advice Best practices Accounting procedures Accounting

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

How To Gain Focus On Your Business Accounting With Automatic Billing

You are running a business. Building your client base is difficult enough for any entrepreneur.

Additionaly, managing payroll and accounts receivable is usually the unwanted headache of any business.

But using automatic billing procedures can alleviate that problem.

Topics: Accounting Best practices Bookkeeping