Take the time to look over it to reconsider your budget or double-check for potentially fraudulent purchases. When you are emailed your statement save it to a hard drive. Hold Onto Your Small Business Bank Statements When all else fails, if you remember to use the debit card associated with your business bank account, the transaction will be part of your bank statement. Collect all paper receipts, scanning them into a digital file. If you don’t keep these receipts, you won’t be able to prove you made the purchase, and you’ll pay more than you have to come tax time. Get in the habit of having your receipts automatically sent to a special file. Take a few seconds to create files for each of these items, you’ll be better prepared to deal with your future meetings or orders. Make sure your workspace is clean so you can sort out the paid versus unpaid invoices, purchase orders, and expense sheets employees leave there each week. Organization Is Key For Your Small Business Bookkeeping Here is some information about the tasks and services a bookkeeper can provide for your small business. Thankfully, you can hire a bookkeeper you trust to complete these tasks and keep you pointed in the right direction. This is an essential task but one that is time-consuming and frustrating, especially when you don’t know exactly what you’re doing. This could be one major reason why the majority of new businesses close their doors within 2 years of opening.Īn essential part of running your business is keeping up to date with your ‘books’ and making sure your records and receipts and being saved properly. Many business owners, especially when they’re just starting out, tend to ignore the accounting piece, and throw everything into marketing and development. It’s vital to have your eye on your incoming and outgoing money, the value of your assets (and their depreciation), and keeping up with your tax obligations (many small businesses pay quarterly taxes). This is particularly important if you have employees, or work with outside contractors. If you are more than a month behind on your books, take this as a red flag that something needs to change. And most business owners would rather be doing other things, like connecting with customers, creating new products, or otherwise spending time on the reasons why they got into business in the first place! Are You Feeling Overrun with Your Accounting & Bookkeeping Services? Managing financial documents, tracking income and expenses, digitizing receipts, setting revenue goals, and knowing how and where to spend your money can be a lot of extra work, especially if you’d rather be doing other things. The Essentials of Tax Preparation for Small Businesses in Northern Coloradoįort Collins Accounting & Bookkeeping Services for Your Small Business & Growing Businessesĭo you feel unsure about your small business finances? Are you looking for a way to get your real business numbers? Are you looking to have your financial business decisions carried out by someone you trust? Having a bookkeeper to help you make your small business finances easier is a great way for you as a business owner to not only feel more comfortable growing your business but that you are making the right decisions about your business.īookkeeping Services | Keep track of your Finances for your Fort Collins Small Businessįew people truly enjoy bookkeeping (that’s what we CPAs are for!), so it’s easy to do the bare minimum or to fall behind when things get busy.Independent Contractors – Pinnacol Insurance.Colorado Employee Verification Requirements.Bookkeeping Services to Best Manage the Finances of Your Small Business.CPAs Fort Collins Colorado – Specialist Accounting Services.Increasing Profit Through Tax Savings by 8 Fold!.Why Should I Use CPA Services Near Me for My Small Business?.Payroll Services- Staying Compliant & Current As a Small Business.Business Financial Stress? Outsourced CFO Services in Fort Collins.Why Your Small Business Needs Accounting Services.What’s the Difference Between Bookkeeping and Accounting?.How To: Proper Bookkeeping for Your Small Business.Best Local Small Business Accountants Fort Collins HELP.Small Business Accounting Fort Collins Professional Help for Local Businesses.
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