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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

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Bookkeeping Business Advice Accounting procedures Accounting Methodology Cash Flow Management Accounting

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: Bookkeeping Accounting procedures

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

Want to really scale your business? Focus On Your Bookkeeping

If there is one thing too many small business owners and entrepreneurs learn the hard way-it is the importance of bookkeeping for their business. In order to help grow and protect the business, records must be kept (and it does not mean 'kept' in the bottom drawer of a desk or in boxes filling the office).

Topics: Bookkeeping