Bookkeeping Advice: How to Look at the Big Picture in Business

Your bookkeeper wants to make sure that you get the best bookkeeping advice to get the most out of your money as a business. They can help you understand where you money is going so you will be able to make better use of your cash flow. If you want your business to succeed, there are three big picture items your bookkeeping service can help you analyze.
While your bookkeeping service will not be responsible for filling out your taxes, they can provide your CPA with the necessary information that you need to establish a concrete tax plan. If you don’t take care of the receipts, payments, and expenditures, you are going to have a hard time establishing a truly effective tax strategy.
Your bookkeeping service is also not a marketing specialist. They are not the people that put together a marketing plan, but they can help you understand how much money you can put into advertising. There really is no way to establish a marketing budget unless you understand exactly what kinds of funds are available.
Forecasting your budgets can be a lot easier if you have a good bookkeeping service on your side. They can let you know the bills that you will be responsible for during the next fiscal year. They can tell you how much the employees are getting paid and where the other money is going. With this information at hand, your accountant will have a better idea of where your money can be moved around.
For instance, if you find that you are putting more than 20 percent of your budget into marketing, you may find that cutting back some of those costs might actually help you to get the improvements to your business. These improvements might get you more business than marketing could, in some instances. That is information you would never have without a good bookkeeping service helping you to see the big picture of all of your financial goals.

Karla Dennis

As seen in Forbes Magazine, Karla Dennis is an expert tax and business strategist. As an enrolled agent, Karla is licensed to represent taxpayers in all 50 states. She holds a Masters in Taxation and Business Development and is the author of two books, Tax Storm and Against the Odds.

Karla, CEO of consultancy firm Karla Dennis And Associates, Inc.™, has saved her clients thousands of dollars and has been featured in various media outlets such as Forbes, MSNBC, KTLA, Yahoo! Finance, and SmartMoney, marking her as the ultimate tax expert.

As of 2014, Karla became the new host on the “Mind Your Business” radio show, KTLK AM 1150, sharing her financial and business knowledge with the greater Orange County and Los Angeles areas. As a supporter of women’s rights and issues, Karla is part of the Women Network, an organization built to educate and mentor women. In addition, Karla is the radio host for Women Network Radio, a show that aims to uplift and empower women of all walks of life.