Run Your Home Based Business
We'll be discussing how to run your home based business. From where to start, to setting up routines and schedules, to client relationships, we'll cover these and more.
What is the best accounting software for small business?
Well it’s January. Time to compile all of your business financial information needed to prepare your tax return. Most business owners are not exactly jumping for joy at the thought of adding up all those numbers.
Monthly Bookkeeping Checklist
Congratulations! You’ve decided to work from home and run your own business. It can be a very rewarding and challenging experience. More on that later. But for now let’s talk about how you’re going to keep track of all that money you’ll be making (might as well think positive from the start, right?!).
Every business, regardless of size or type, will need to have some sort of bookkeeping routine. We need to know how much money we’re making and how much we’re spending on a regular basis. If you don’t have a bookkeeper hired to handle all the accounting stuff for you (which I highly recommend), it’ll be up to you to do it. A bookkeeping checklist can help keep you on track and up to date. This is how you know whether your business is making money or losing it. Not to mention that every year you’ll need this information to file your taxes with.
So what do you need to keep track of? And how often? Let’s create a monthly bookkeeping checklist to get you started.
Each month, you’ll need to track your income and expenses. I’ll be referring to a service based business today. Let’s get started!