Top 5 Bookkeeping Secrets To Get Your Books In Shape

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Top 5 Bookkeeping Secrets To Get Your Books In Shape

Now that year end and tax season is over, it’s time to sit down and review your books and plans for the next year. I love tax time but not for the reasons you may expect. I love it because it gives me a chance to connect with my clients (I’m a virtual bookkeeper specializing in bookkeeping for Internet Marketers) and help them implement some simple tricks and strategize to help get their books in shape.

Here are my top 5 bookkeeping secrets:

1. Keep an audit trail: I know, fancy bookkeeping word (scary to some because of the word audit) but an audit trail is simply a record of all your invoices, checks and expenses in numeric order. Does it sound daunting? Don’t worry – there are many options to choose from when it comes to bookkeeping software. My personal favorite: Quickbooks.

2. Due date reminders: Use your Outlook calendar, Trumba, Google calendar, wall calendar… anything! Be sure to set reminders for bills that are due, tax remittance deadlines, payroll remittance deadlines. You could save thousands of dollars per year simply by paying your bills on time (not to...

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