Bookkeeping is one area of your business where you don’t want to go wrong. It can cost you money, business, and employees if you allow your books to become disorganized. Whether or not you have a bookkeeping service or employee on hand, here are some tips on bookkeeping that will keep your business on sound financial waters.
It is a lot less overwhelming if you keep track of your books daily. Sit down and examine the amount of money that has been paid and the profits earned. Look ahead to bills that will need to be attended to in the near future. Maintaining daily records will make bookkeeping easier, and it will also keep you from getting surprise bills.
Many people forget that checks are as good as cash. You should take extra care when working with checks. Make sure that you use the same signature every time so that you won’t invite forgery. It is a good idea to keep carbon copies of every check that is written. Good records will ensure that you will not be held responsible for errors deal with checks.
Your bookkeeping will go a lot smoother if you keep careful records of all of your expenses. For example, when you write checks you should file them in numeric order so that they are easy to find and keep track of. All of your billing should be kept according to date so that you can be accountable for any bills that come through the business.
There are a lot of computer software programs that can make bookkeeping easier. They make it easy to track your expenses, file your taxes, and pay your bills on time. Most bookkeeping experts are well-versed with many different kinds of computer software that keeps track of your company’s records.

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.