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Bookkeeping

A Checklist for Bookkeeping

A Checklist for Bookkeeping

By Bookkeeping, Cash Management No Comments

 A checklist for bookkeeping. What does that look like? First of all, we recommend that you update your books no more than once a week with a checklist for bookkeeping. More than once a week is just a lot of unnecessary effort. We follow the Profit First system, so a lot of our clients and a lot of our recommendations also will fall into biweekly,…

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Bookkeeping Red Flags

Bookkeeping Red Flags

By Accounting, Blog, Bookkeeping, Business, Cash Management, IRS, Profit First, Tax Strategy, Taxes No Comments

 Bookkeeping Red Flags | John Briggs – Incite Tax   What are some bookkeeping red flags to watch out for? The first red flag is you want to run a profit and loss statement by month. When you’re looking at the statement, it’ll show January, February, March, April, however many months you’re looking at in separate columns. You wanna notice trends, mainly inconsistent trends. If…

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Monthly Bookkeeping Checklist

Tax Tips To Clean Up Your Books

By Bookkeeping, Tax Strategy No Comments

Tax Tips to Clean Up Your Books with a Monthly Bookkeeping Checklist The first thing you want to do is make sure that you actually have all of your transactions in your accounts. Accounting software has a reconciliation function. Reconciliation is an accounting word that basically means you go in and look at your books. You can see the transactions inside of your book software…

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