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money online techniques. We accept article submission with a reciprocal
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Basic Bookkeeping for Small Business
By Glenda Lange
Have you ever wondered why there are so many bookkeepers and
accountants out there and how they can ALL be making money? No,
it's not because they charge so much. It is because most small
business owners don't know even the basics of accounting.
(continued below ...)
By Glenda Lange
Have you ever wondered why there are so many bookkeepers and
accountants out there and how they can ALL be making money? No,
it's not because they charge so much. It is because most small
business owners don't know even the basics of accounting.
(continued below ...)
Most small business owners start with an idea on how they can make
money working for themselves instead of working for a boss. They love
the idea of being able to set their own work hours and of being in
control of their own financial future. Let's face it, who want to work 40+
hours a week to make someone else rich?
So, they have this idea about how they can work for themselves, doing
something they either enjoy doing or they know how to do well.
Okay, if you are smart enough to start your own business, then you are
smart enough to know how to write an invoice and a receipt. You also
know to keep all the receipts for money you have spent. For many small
business owners, this is where their record keeping ends. They shove
it all into a box or an envelope and toddle off down to their account or
bookkeeper to let them sort it. Most will then not give it a second thought
until the bill comes in from the accountant.
If you use this system, you may want to be sitting down before you open
the bill. On the other hand, you will probably fall off your chair when you
see how much the bill is anyway, so it is merely a choice of how far you
want to fall as to whether you sit or stand.
Seriously though, if you want to save yourself some money, but don't
want to learn it all, there are a few simple things you can do.
Most stationery stores have accounting books that you can buy to record
your business transactions. You know, those books that have heaps of
columns that you never knew before why anyone would use them. Well,
now's your chance to show everyone just how smart you are! When you
have finished reading this article, head down to your stationery store
and buy two of those mysterious books with columns. On the front of
one book, in big letters, write receipts and on the other write payments.
Now every time you receive money, write down the details in the
receipts book. You know, the date, what it was for and amount. Use all
the other columns to record taxes and to keep a record of the total sales
for different items. Use the payments book in the same way for all your
purchases. Then all you have to do is total up each month and hand the
books to your account. You'll be pleasantly surprised when you get your
next bill at how much money you have saved.
saved.http://www.glendasfreesite.com.au
money working for themselves instead of working for a boss. They love
the idea of being able to set their own work hours and of being in
control of their own financial future. Let's face it, who want to work 40+
hours a week to make someone else rich?
So, they have this idea about how they can work for themselves, doing
something they either enjoy doing or they know how to do well.
Okay, if you are smart enough to start your own business, then you are
smart enough to know how to write an invoice and a receipt. You also
know to keep all the receipts for money you have spent. For many small
business owners, this is where their record keeping ends. They shove
it all into a box or an envelope and toddle off down to their account or
bookkeeper to let them sort it. Most will then not give it a second thought
until the bill comes in from the accountant.
If you use this system, you may want to be sitting down before you open
the bill. On the other hand, you will probably fall off your chair when you
see how much the bill is anyway, so it is merely a choice of how far you
want to fall as to whether you sit or stand.
Seriously though, if you want to save yourself some money, but don't
want to learn it all, there are a few simple things you can do.
Most stationery stores have accounting books that you can buy to record
your business transactions. You know, those books that have heaps of
columns that you never knew before why anyone would use them. Well,
now's your chance to show everyone just how smart you are! When you
have finished reading this article, head down to your stationery store
and buy two of those mysterious books with columns. On the front of
one book, in big letters, write receipts and on the other write payments.
Now every time you receive money, write down the details in the
receipts book. You know, the date, what it was for and amount. Use all
the other columns to record taxes and to keep a record of the total sales
for different items. Use the payments book in the same way for all your
purchases. Then all you have to do is total up each month and hand the
books to your account. You'll be pleasantly surprised when you get your
next bill at how much money you have saved.
saved.http://www.glendasfreesite.com.au