Do You Start Your Poor Bookkeeping Completely Over?

It seems like poor bookkeeping often takes a few months or even years to really sink in for businesses. At that point, it seems like there is no way to really sort through all of the issues that you have at hand. If you find yourself in the middle of a bookkeeping nightmare, here are some of the ways you can get those books figured out.
First, think about the reasons behind the problems. Some of the main bookkeeping problems come from incompetent bookkeepers; unexperienced family members taking over as bookkeeper, do-it-yourself bookkeeping, or even having such tight time constraints that you neglect the important task of bookkeeping.
Whatever the reason for the lack of successful bookkeeping there are some things that you can do to remedy the situation. Before you just throw away all of your bookkeeping, it is best to identify the problem areas so you don’t repeat the same problem. If it is neglect, you may consider hiring a bookkeeping service. Whatever the reason, don’t put the books away until you’ve made an effort to fix the problem for good.
Second, you need to understand how the different kinds of accounts work with Quickbooks. The program can be very effective if you understand how to classify each of the accounts and transactions that move through your business. If you are unsure how to organize your bookkeeping, it might be a good time to bring a professional to help you at least set up your accounts.
Finally, don’t completely trash all of your books. It will be hard to measure your business success or shortcomings if you don’t have any facts and figures from previous years. It may be a good idea to take time to gather some historical data rather than lose your entire business’ information. Your bookkeeping is vital to your business’ success or failure, and it is never too late to get your books under control.

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.