What is Bookkeeping?
Bookkeeping is essential, it is basically keeping records of all the business financial affairs, statements and incomes. Keeping track of your business activities may seem hard but there are some easy tips for you to help maintain your daily affairs.
Bookkeeping with BG Accounting and Business solution:
BG Accounting and Business solution offers you free Bookkeeping courses that will help you learn the important basics. In “Bookkeeping 101”workshop you’ll learn about:
1. Keys rules of bookkeeping
2. Do’s and Don’ts
3. How to be better Organized
4. How to go over the business expense sheets and see how everything gets classified
5. See some of the new technology that can save you lots of headache and time, allowing you to spend more time ON your business rather than IN your business
1. KEY RULES OF BOOKKEEPING:
Key rules you should be following when you are bookkeeping for a small business or a big one are that you should always have a backup for all financial records. Review your financial records on a monthly basis so you don’t lose track of it. When there is a lot of cash going in and out you should know where it’s going so keeping track is necessary. Keep an up to date ledger.
2. HOW TO DO IT:
Bookkeeping courses involves all the business transactions, operations and all other business activities. Therefore, don’t wait and keep track of all records. Always keep the original source of documents related to business income and expenses. Keep your business and personal account separate.
3. HOW TO BE BETTER ORGANIZED WITH BOOKKEEPING:
If you’re organized you already made your work easier. Whether you are working for a client or managing your own business the key to your success is organizing. You have to schedule your plan ahead of time. Setup a process of maintaining even a small transaction for accuracy. Stay informed or be up-to-date regarding your business or you can hire a professional to help you with bookkeeping Courses for your business.
4. HOW TO GO OVER THE BUSINESS EXPENSE SHEETS AND SEE HOW EVERYTHING GETS CLASSIFIED:
This is the most effective way to know the ‘profit and losses’ of your company. If you categorize your expenses this way you will know where you’re spending the most. Review your bank accounts, you should have separate accounts for your work and personal use this way you won’t confuse your spending’s. Choose categories to make it easy for you to financially manage. . There should be categories for utilities, office equipment, furniture, internet, salaries and others.
5. SEE SOME OF THE NEW TECHNOLOGY THAT CAN SAVE YOU LOTS OF HEADACHE AND TIME:
Technologies have made things easier and faster to work in. Yes there are some software’s that are for the purpose of bookkeeping. These software’s help you keep your financial records safe and helps you access it easily for any new or old data. Working on these apps helps you save time, it promotes accuracy, keeps your financial statements professional and it makes it easy to access data anytime.
6. MISTAKES TO BE AVOIDED:
There are some common mistakes that happen when you want to keep accurate records while managing your finances. Classify your employees so it is easy to maintain the financial books. Record bonuses, sales tax in your cash flow. Always maintain backups of your records, not having enough backup could create problems in your bookkeeping especially when you have to review it monthly, weekly or yearly.
COURSE BENEFITS FROM BG ACCOUNTING AND SOLUTIONS
BG Accounting and Business solution is offering you bookkeeping courses ‘Bookkeeping 101’ so you can learn and experience bookkeeping. This course would help you with all that is required for you to know and know the Do’s and Don’ts for it. Everyone should have a good understanding about bookkeeping. Bookkeeping is all about maintaining your financial records in a professional way and avoiding the slightest mistake because that would create scrutiny for hours and hours and looking for the misplaced points. These tasks require focus and attention because a tiny slip could create serious issues for the owner.