Donna Reade

Specializing in Consulting, Training, E-Commerce Solutions & Bookkeeping for QuickBooks Online

6 Actions to Accurate and Relevant Financial Statements

Being in Control of Your Finances is a great Stress Reliever.Managing the bookkeeping for your business – it doesn’t sound so bad at first, right? But when you dig deep into everything that goes into managing your business finances, it can be daunting. It turns out that bookkeeping is time consuming and complicated! Some have used the term tedious others go as far as to use the term “drudgery” when describing the duties that go into small business bookkeeping.

Here are six actions that you need to do for accurate and relevant financial statements:

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Last-Minute Bookkeeping Tips Before You See the Tax Man

Are you one of the many small business owners who have not done his or her bookkeeping all year? If so, this tax season will unfortunately be a stressful time as you frantically scramble to pull together all your receipts, business expenses and trying to account for every single thing you did in Last year.

To help you through this period, here are three things you should do before you turn your books over to your tax preparer:

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Why It’s Important to Keep Business and Personal Finances Separate

Business-Not-Your-Personal-Piggy-Bank

“Don’t mix business and personal finances,” is one of the most common pieces of advice given to business owners. And for good reason. Many business expenses can be deducted from your taxes but most personal ones cannot be. So when personal expenses get recorded in your business’s financial records, you’re setting yourself up for trouble later on.

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