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Showing posts from April, 2017

4 Important accounting tips that your small business really needs

When it comes to accounting, there is no easy way out. Every business needs to do it, and do it well. So, if you think handling those taxes or maintaining those books is a nightmare, then here are some easy tips that can help your small business with better accounting. Always keep a track of invoices There is nothing more annoying than missing those payments merely because you forgot to make them! Therefore, it is absolutely important to keep a track of all the bills, so that you pay on time, without affecting your business credit, and goodwill, of course. Make it a habit to reconcile bank accounts While you surely need to maintain daily records, it is necessary to reconcile bank accounts at least once in a month to know that there is no discrepancy, and everything is organized. Don’t forget those account receivables Just like you have to keep tabs on your account payables, it is equally important to have a proper account receivables system. So, do ensure that