Quickbooks Training and Assistance
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions
Keeping your books in order is a key piece to running a healthy, successful business. Without bookkeeping, you’re driving blind like a car without a gas gauge. Sure, the car is driving fine, but who knows how long before you have to pull over and wait for a friend to bring a fuel can?
To all the entrepreneurs rolling up their sleeves to do their own bookkeeping, we salute you! This guide is for you.We’ll walk you through the basics of what bookkeeping is, why it matters, and the key steps to getting your own bookkeeping process off the ground.
We'll also keep it as simple as possible. Let us take care of your bookkeeping and help to simplify the day to day tasks associated with great bookkeeping.
Why Bookeeping Matters
We’ll start with our four favorite reasons.
You might not know the entire small business tax code in and out, and you don’t have to. But the more information (and supporting documents) your CPA has at tax time, the more deductions you’ll be able to legitimately claim, and the bigger your tax return will be.
Thinking of expanding your business? If you need financing of any kind, having well-kept books gives lenders or investors a clear idea of your business’s current financial state, and allows them to make financial projections about your company’s ability to pay off your loan in the future.
If you wait until the end of the year to reconcile your financial transactions, then you won’t know if the bank made a mistake until you’re buried in paperwork at tax time. It can be more difficult to reconcile an overcharge with your bank months later, than if you’d caught it right away.
You may be able to see your bottom line by glancing at your bank balance, but the ups and downs in your account are also telling a story. Are sales up? Are your shipping costs too high? Who knows? Paying attention to your financial statements is a great way to get to know the story of your business.
|
|