Saving Money with Bookkeeping in Small Businesses

Running a small business seems to take a lot of time, energy, and money, but these are issues that almost every small business can have. Have you ever wondered how a bookkeeping service can help you to overcome these issues?
First, most small businesses have a similar complaint-cash flow. It seems like it is impossible to try to come up with the money that you need to expand the business or even run your small business the way that you dreamed of. The good news is that bookkeeping can help you overcome some of this problem.
A bookkeeping service can help to manage your cash flow. Understanding where all of your money goes is one of the first keys to knowing how you can save money. A bookkeeping service can also help you to see where your money will go in the future so you can get a real grasp of the income that you have available to expand your business.
A bookkeeping service can also help you to establish a payment schedule. They can help you work out when and how you will accept payment from clients. If you do good work, you may find that many clients are happy to pay some money up front so you can have the funding you need to bring in more clientele.
Finally, a bookkeeping service will help you see how much money you get from specific customers. As a general rule, if you are getting more than 10 percent of your total income from only one client, you may be too reliant on one company to make your ends meet.
There are a lot of ways that small businesses can expand their business, but you never want to let bookkeeping suffer. It is the one way that you can actually know how you are spending your money so you can make choices about how to use it more wisely.

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.