Using Bookkeeping to Meet Your Business Goals

Most families operate with some kind of household budget. At the very least, you have an idea of what a reasonable trip to the grocery store should cost, at the most, you may have a set dollar amount you aren’t permitted to exceed each week. You’ve put a budget in place in order to help you stay committed to your personal financial goals. Perhaps you want to buy a house, go on a trip, or get out of debt. In order to succeed in any of those areas, you need to maintain a budget, and in order to keep track of your money you need a bookkeeping solution that ensures your limited resources don’t end up going in the wrong direction.

You can think of your business’ finances in exactly the same way. Bookkeeping is more than just a tool for calculating dollars in and dollars out. The information that is gained through effective bookkeeping helps business owners like you make wise decisions about your financial future.

Meet Your Business Goals

Proper bookkeeping provides an accurate snapshot of where your business stands financially so that you can make educated decisions about where you’re headed next. If you don't know how much money you’re making, you can’t make responsible spending decisions. A good bookkeeping system allows you to clearly see your income and expenses so you can run your business with confidence.

At Fix-It Accounting, all of our bookkeeping clients use Quickbooks Online, but we know that not everyone is ready for that financial investment. If you’re operating a small business with very simple bookkeeping, an Excel spreadsheet may be a sufficient bookkeeping tool.  Contact our office for access to a spreadsheet we’ve created for businesses like yours.

Stay in Good Tax Standing

Maintaining good bookkeeping is more than just a tool for business growth, it’s an IRS requirement. I’ve seen more than one business owner lose everything because they failed to keep their books properly and paid for it dearly. Bookkeeping is vital for tax return preparation, and it also allows us to help you develop a tax plan. As you make plans to cut your unnecessary business expenses, why not add cutting down on your tax bill to the list?

 I know bookkeeping isn’t an exciting subject to discuss. However, good bookkeeping has the power to transform your business, and bad bookkeeping can spell big financial trouble. If you have big goals like expanding into a larger warehouse or finally paying yourself the salary you deserve, bookkeeping can help. And good bookkeeping is also key when you need to make a better plan for your business taxes or want to apply for a loan.

So what are your goals? Once you’ve decided what you want to achieve this year, our team of bookkeepers will be here and ready to help you achieve it. For more information about our bookkeeping services, call us today.