Original Top
Original Top

1. Due Date Reminders. This is something a lot of business owners don't do, but really need to - having a payroll tax due date reminder can save you a lot of time and energy. No matter if you have a payroll service preparing your payroll tax returns, of if you're doing them yourself, a check off list of all the reports, as well as a due date reminder customized to your business's specific needs, can save you a lot. Consider including things like: due date, report number, time period, government agency.
2. Audit Trail. This sounds complicated, but trust me, it's not - basically, an audit trail is a record of every invoice and check in numeric order. Making sure that you never skip a number can really mean the difference between a good paper trail and one that's missing a vital part. Record every voided check with the others, just make sure to make note that it's 'voided'!
3. Purchase a Deposit Ticket Book. If you're not using a deposit ticket book, you're probably having problems handling your bank deposits - or, you're doing it in a way that's harder then it needs to be. Most of the books comes with 50 top copy's and 50 bottom copy's - the white top copy is the original that you give to your bank, and the bottom yellow copy is what you keep for your records. Nothing gets lost, and a small order of 200 deposit tickets could easily last you 2 years or more, depending on how often you make deposits.
4. Consistency is Key. This should be a no brainer, but many people like to switch things up and try something new. With this, you lose money by wasting time. When you're keeping your books, make sure to use the same headings and columns throughout the year - don't get the brilliant idea to start labeling something differently halfway through. You're going to give yourself, and your accountant, a headache in the long run if you do, and end up paying him for more time spent on your books!
5. Bank Statements. Requesting a statement with a month-end cut off date when you first open your business checking account can save you a lot of time, frustration, and headaches.
The key with this really is to remember to review it every single month, not just toss it unread into a filing cabinet. Go over everything closely, before your bookkeeper or accountant, and make sure there are no unauthorized checks or suspicious spending. You may trust these people you work with, but knowing for sure can save you a lot of time.
Resist the urge to go paperless and keep information only stored online. Having it in paper is solid, unchangeable, and makes a world of difference.
6. Keep Good Records. Duh! This one is the most obvious on the list, but constantly needs to be repeated! Keeping good records of your businesses financial dealings does make a difference. Bookkeeping should be a top priority for you, no matter if you're afraid of what the numbers are telling you or not. Solid bookkeeping is like the glue that holds your business together. You just won't get very far without it!
Tired of trying to figure out where the money is and where it should go? Let KJ Accounting & Consulting Group, a West Bloomfield bookkeeping firm, help you with your accounting and book keeping needs. Whether you want us to help you set up your books so you can manage them or you'd prefer to have us as your trusted expert to do it all for you, KJ Accounting and Consulting is your answer and solution to your needs. We have set up My Simple Accounting as your one-stop resource for our consulting services, trainings and products to help you with all of your accounting needs. We specialize in helping small to mid-size businesses, start-up businesses, entrepreneurs, and individuals to manage your money so you can become more!
How long is a Top Gear delayed in UAE than original UK time?
I am just curious as they are subtitling the episodes .Last one shown was with Jeremy Clarkson in the green Ford Fiesta being chased by a Corvette in a shopping mall .
Don't know,Tin,but what I know that they're filming here now.
Don't know where I read it today,but near AbuDhabi.
Maybe "h" does know more?
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