Chapter 3
Taking Care of Your Finances
IN THIS CHAPTER
Understanding bookkeeping
Using accounting software efficiently
When you meet with one of the professionals described in Chapter 2 in this minibook, you’ll need to bring a complete and accurate set of books. To prepare accurate books, you can hire a bookkeeper (who will use accounting software) or you can learn how to use accounting software yourself. Don’t shy away; you can do this.
Lots of folks who are successfully using bookkeeping software today knew nothing about bookkeeping before they set up their own accounts. I’m one of them. I keep my books and file quarterly taxes myself and send the year end reports to my accountant. This chapter paves the way into professional and relatively painless bookkeeping.
Keeping an accurate accounting of your business gives you one major benefit: You can, at any time, look at your bookkeeping and have an idea of how well (or not) your business is doing.
When your business gets so busy that you have no time to post your bookkeeping, hire a part-time bookkeeper to do your posting for you. A site like UpWork (www.upwork.com) is invaluable in finding the right person. With the advent of cloud ...
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