What do your numbers look like?
| HOW CAN BOOKEEPING SAVE YOUR BUSINESS? | |
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| Is the process of keeping track of a business’s financial transactions. These services include recording what money comes into and flows out of a business, such as payments from customers and payments made to vendors. While bookkeepers used to keep track of this information in physical books, much of the process is now done on digital software. | | Bookkeeper vs. Accountant: What’s the difference? | Generally, bookkeepers focus on administrative tasks, such as completing payroll and recording incoming and outgoing finances. Accountants help businesses understand the bigger picture of their financial situation. | Decimalytics can provide both a professional Bookkeeper and an Accountant as members of your company's finance team. |
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Bookeeping and Small Businesses | Bookkeeping is vital to any business because it makes it so much easier to budget. With your income and expenses properly organized, it's simple to review your financial resources and costs. A budget creates a financial roadmap for your business. |
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5 Reasons Why Bookkeeping is Important for Your Business
| 1.) Helps Your Budget Accurately: Bookkeeping is vital to any business because it makes it so much easier to budget. With your income and expenses properly organised, it’s simple to review your financial resources and costs.
A budget creates a financial roadmap for your business. With a budget in place, you can plan for future expenses for your business to help with growth. If you don’t keep accurate and up to date books, it’s a lot harder to get an accurate budget because it’s all mainly guesswork.. | | 2.) Keeps You Prepared for Tax:
As annoying as it is, businesses have to file their taxes at the end of the tax year. With a bookkeeping process in place, you’ll have financial information ready for tax season and the taxman won’t be breathing down your neck. | |
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| 3.) Maintains Organised Records:
That last-minute stress of trying to find a crucial piece of business can lead to missed deadlines and some small errors creeping through. Businesses of any size can’t afford to make any mistakes and bookkeeping regularly can help with that. By doing your books often, staying on top of them, and not leaving them to the last second, you’ll be able to maintain organized records. Over time, it’ll make it much easier to find the bits of information you desperately need in no time. | 4.) Easier to See Business Targets:
Every business wants to grow, but poor financial records can stop that from happening at the speed you want. With no accurate number or data to analyze, it’s not easy to set yourself any growth goals. | 5.) You Learn in the Process:
Bookkeeping can teach you a lot more than you think about your business’ finances. Everything you learn will be beneficial for helping you make smarter business decisions.
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| Bookkeeping as a profession dates back to the 15th century when Italian mathematician Frater Luca Pacioli -the father of modern bookkeeping-detailed many accounting systems and tools still used today, including double-entry bookkeeping. |
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CONTACT US...
Business needs help? Hire Decimalytics as your finance team to handle your needs! You can directly contact our Account Manager, Daniel Mendoza, at: admin@decimalytics.com
Speak with a representative from 10 am CST - 5 pm CST Toll-Free: 866-986-0994
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