| > | | | | than your CPA. Plus, you are able to detect errors |
| One area that almost all of my clients and prospects | | | | much sooner since you are able to look at your |
| need to increase their knowledge on is bookkeeping. | | | | accounting more frequently than your CPA. |
| The issue? They don't understand the rules of | | | | #2 - It Can Save You Time - |
| bookkeeping. After all, they aren't accountants. | | | | Many people hire a bookkeeper, which can make a lot |
| One area that almost all of my clients and prospects | | | | of sense - particularly for larger businesses. But what |
| need to increase their knowledge on is bookkeeping. | | | | about smaller businesses - the ones where you spend |
| The issue? They don't understand the rules of | | | | just as much time (if not more) gathering information |
| bookkeeping. After all, they aren't accountants. | | | | for your bookkeeper as you would if you entered it |
| Most clients and prospects start out by asking what | | | | yourself? |
| they should do with their bookkeeping. It's often | | | | It can make a lot of sense for these smaller |
| followed by some nightmare story - they tried doing | | | | businesses to do the bookkeeping themselves as it |
| the bookkeeping themselves and it was a mess, or | | | | could take less time, particularly if banking and credit |
| maybe their bookkeeper didn't get things quite right. | | | | card transactions can be downloaded directly into the |
| Either way, it's an area that most are anxious to | | | | accounting program. BUT they need to know the |
| improve. | | | | basics before starting so they don't end up with a |
| When I suggest to them that they study the basics of | | | | mess! |
| bookkeeping, they often give me a confused look. I | | | | #3 - Your Reporting Depends On It - |
| know exactly what that look means: "Yuck! What | | | | Accurate bookkeeping is the foundation of being able |
| could be more boring?" But what they usually ask out | | | | to pull reliable reports from your accounting software. |
| loud is "Why?" | | | | These reports impact the decisions you make, the |
| Here is Why Every Business Owner (and Serious | | | | accuracy of your tax returns and your ability to |
| Investors) Needs to Know the Basics of Bookkeeping: | | | | manage your business. |
| #1 - You Need to Check Your Bookkeeper's Work - | | | | - You Don't Have to Be An Expert - |
| If you do use a bookkeeper, how do you know it is | | | | While business owners don't need to be experts at |
| correct? You may think, well, that is my CPA's job! | | | | bookkeeping, I find that those who understand just the |
| And yes, your CPA can make sure your bookkeeping | | | | basics of bookkeeping are better able to streamline |
| is technically correct, but nobody knows the ins and | | | | their bookkeeping and reporting, helping them make |
| outs of your business like you do, so you are much | | | | better business decisions. |
| more likely to detect errors specific to your business | | | | Are you ready to learn the basics of bookkeeping? |