When it comes to running your own business, it may seem like there aren’t enough hours in the day. From branding and marketing to sales and fulfillment, you may feel completely overwhelmed. One of the key tasks that you need to keep up with regarding your business is bookkeeping. Whether you do your own bookkeeping or hire out for professional bookkeeping services, you need to ensure that everything is taken care of. You can’t afford to cut corners when it comes to taxes, expenses, profits, and more.
In this informative video, we’ll take a look at some basic tips for bookkeeping in your small business. Let’s get started!
The first step mentioned in this video is separating business and personal expenses. These two are NOT one in the same! While the line may be blurrier if you’re the only employee in your business, don’t let this derail you from keeping careful note of what expenses you acquire throughout your fiscal year. Next, you need to choose a bookkeeping service to use, such as Quickbooks. Get well-acquainted with the software, and take free classes on getting the most out of your user experience. To keep learning bookkeeping tips, keep watching this helpful video!
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