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Bookkeeping Monster
227 followers -
Accounting Simplified!
Accounting Simplified!

227 followers
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KEEP ACCURATE RECORDS
Much of your business’s day-to-day accounting can be handled and tracked via your online banking services, but what’s most important about your financial records is keeping everything in one place so you don’t have to scramble to meet a request, and for the sake of simplicity.
http://www.bookkeepingmonster.com/
‪#‎accounting‬ ‪#‎records‬
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 Separate your personal and business bank accounts.
 It's easy to lose track of your cash reserves and keep funding your business expenses from your personal account. You work so hard on your business, only to find out at the end of the month that you don’t have money left to pay for your living expenses. To avoid this, pay your business expenses from a dedicated-for-business credit card with a fixed credit limit. This gives you the flexibility and control to plan your cash in-flows in order to meet your cash-outflows.
#business   #accounts   #bookkeeping  
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Don’t just use electronic bookkeeping - use paper.
Despite sounding like a pointless exercise, you will be thankful that you have kept your records on paper as well as electronically. It's far easier to discover your errors by reviewing your paper documents. We know technology doesn't always do what we want it too, this way if you lose your computer documents due to technical issues you won't be left in the dark thanks to your tangible back-ups.
#bookkeeping   #electronic  
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Business finances should be independent of your personal finances.
Maintaining the boundary between your personal and business spending is essential. Mixing the two can get messy and complicated; if you don’t already have separate accounts then do so as soon as possible.
http://www.bookkeepingmonster.com/
‪#‎business ‪#‎finance
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Ensure Your Website Is Mobile-Optimized
As consumers increasingly turn to smartphones and tablets to search for local business information and to shop products and services, it’s essential that your website is properly optimized for those experiences.
http://www.bookkeepingmonster.com/
‪#‎bookkeeping ‪#‎mobile
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Build A Simple & Effective Website
The website is the central component of any business’ digital strategy; it’s how your current and potential customers can most easily find and connect with you. Given its key role, it’s astonishing that more than half of small businesses owners (52%) said their business does not have a website, according to the Yodle survey.
#bookkeeping   #website  
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Develop A Realistic Forward-Looking Marketing Budget
It’s time to put your money where your mouth is. Small business owners today cite customer attraction and retention as two of their most pressing concerns, but many set aside minimal budgets for marketing.
http://www.bookkeepingmonster.com/
‪#‎smallbusiness‬ ‪#‎marketing‬
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Five Bookkeeping Tips for Business Owners
Here are five bookkeeping tips for entrepreneurs
‪#‎bookkeeping‬ ‪#‎business‬
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Calculate a minimum monthly profit.
When planning how much it takes to keep a small business running, the numbers can get complicated. Devise an accurate system of expenses and regular obligations so you know exactly the minimum income you need every month. Because income can be the easiest to calculate, make a strict target you’ll need to earn. Without that exactitude, accounting becomes confusing and your business can suffer.
http://www.bookkeepingmonster
‪#‎bookkeeping‬ ‪#‎calculate‬
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Detail daily expenses so you can budget for the coming weeks.
It’s a good idea for business owners to keep records of everyday expenses they incur in the company. Instead of calculating expenses every two weeks for payroll purposes, focus on every day or every week. This can help you have a better idea of where finances are each week and how much money you’ll need to budget for in the upcoming weeks.
http://www.bookkeepingmonster.com/blog/
#expenses   #budget  
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