Bookkeeping, do it right from the start!
Yoseph Shomer, CPA
CPA for all your business tax needs | Professional. Patient. Personal.
Bookkeeping done correctly is so crucial for any sized business.
Whether you are a one-man operation or a large business, proper bookkeeping is essential for your business.
One of the main aspects of bookkeeping is reconciling your accounting records against source documents such as bank statements and credit card statements, to start.
Below are some examples of how proper bookkeeping can be instrumental for your business:
? The books will be much closer to finished when it comes to filing your taxes. This will ensure a smoother tax filing process.
? if your business needs a loan and you have good accounting records, you will be able to apply for that loan faster.
? Most importantly, your records will be accurate for the business owners to know where they are really holding in their business.
Keep in mind that if bookkeeping is not done right from the onset, there may be significant outlay and additional time to go back and get the books in order.
Have a question about this or another tax-related matter? Feel free to reach out!
#shomercpa #tax
Financial Advisor at Bauta Capital Advisory
1 年Dear Yoseph, you are doing an amazing job, but let me know if you do have a client who will like to finance his commercial property, or they are looking to any financing we can help. You can reach me any time at [email protected]
Work hard play hard????????
1 年Are you required to keep all paper receipts?