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Plan :: Some Bookkeeping Tips
Some of My Favorite Bookkeeping Tips · KEEP THINGS SEPARATE o Keep your business and personal records and transactions separate from one another. You should have separate bank accounts and credit cards for your business and personal use. Purchases that are related to your business should be made with a business credit card or with a business checking debit card. This makes it a lot easier for your bookkeeper and tax preparer to easily determine expense categories. · KEEP GOOD RECORDS o Keep and file all of your receipts, invoices, bank and credit card statements and any other documents pertaining to your business. Make sure to use a system that…
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Plan :: Keeping Your Paperwork Under Control
Tips to Keep Your Paperwork Under Control I am often asked how best to organize bills, checks, receipts and the like. Honestly, there is no “right” answer to that question. First, I would say ask who needs to access and use those documents. If it is only you then you will need to come up with a system that works for you. But, more often than not, someone else is going to need to find something contained in your system. So the key is to find a balance between what makes sense and works for you and making it simple enough for someone else to understand. I find…
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Business :: Are You Ready For A Bookkeeper?
Are You Ready For A Bookkeeper? Though it is summer, the end of the year will be upon us soon enough and it might be time to start putting your paperwork in order for your tax preparer. But you have put it off all year. Now you have a big pile of “stuff” and the task seems overwhelming. You are not alone. Many small business owners choose to do their own bookkeeping and as a result the job gets pushed aside until tax time. As long as there is money in the checking account to pay the bills you are alright; right? Well, yes…and no. While you may have enough money…
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Money :: Saving On Summer Fun
Saving On Summer Fun Those long, hot, lazy days are just around the corner. Have you planned how your family will spend them? Maybe more importantly, have you figured out the cost of your plans? There are about two months of days to fill during summer time off from school and kids want to be entertained every waking hour. No matter the size of your family, entertainment can be costly. With the average price of a movie ticket around $10 a family of four can expect to pay nearly $100 for a trip to the theater. I chose the movie theater example because it was a lower cost example…
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Teaching Your Kids About Money
Teaching Your Kids About Money As a bookkeeper I have seen just about every method of saving and spending there is. Everyone has their own way of doing it. But where did they learn how? My mother always tells the story of when I got my first babysitting job at age 12. I took the money I earned and divided it into thirds. I put one third each into a Holiday Savings Account, my regular bank account and into my pocket for spending that week. The following week I took whatever was left in my pocket, added it to what I made and then did my dividing. I was…
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5 Tips to Successful Yard Sale Shopping
5 Tips to Successful Yard Sale Shopping We all love a good bargain. And one can often be found at yard sales (or garage sales). But how can we make the most of our yard sale shopping trips? Here are a few tips that may help: 1. Make a list – What types of items are you looking for? You can tailor your shopping trip by looking for yard sales that advertise what is on your list. Keep in mind sizes for kids’ clothes, ages for toys. Household items can often be found in good condition too. List everything on a small card that you can carry in your…
