Start Right with Good Bookkeeping Habits

As with any small business owner, your time is limited, and the effort you invest in managing your accounting functionality can be frustrating at best. At National, we have a saying: bad bookkeeping is more expensive than good bookkeeping.

But why is that?

Setting up your QuickBooks software incorrectly can set you up with issues at tax time, loan approval or, even worse, during an IRS audit.

Worse yet, many small business owners are in a hurry and try to do all the bookkeeping themselves.  Oftentimes, they wait until the end of the year or quarter to enter their data. They may often forget to do simple tasks like reconciling their bank accounts.  This can result in lost deductions and incorrect numbers.

The following are some great QuickBooks tips that will help you get the most out of your accounting software:

  • 8 tips on getting paid faster – One of the biggest reasons a small business fails is it does not anticipate slower-paying clients. Read More… 

  • How to use QuickBooks to pay bills – Easy instructions on how to pay numerous invoices and vendors. Read more… 

  • Pre-fill forms made easy – Spend less time using QuickBooks, not more time. Read more… 

  • 10 QuickBooks Home Page Dashboard Tips – Learn how to navigate your QuickBooks home page with ease. Read more… 

  • QuickBooks 1099 set-up and tips – This guide shows you the process to manage your 1099 filing requirements. Read more... 

Another big mistake business owners make is failing to understand all of their software’s functions and tools.  This can result in accounting mistakes.

Many times, it’s actually less expensive to hire a professional than to spend hours correcting mistakes.

Don’t let the excitement of using your new QuickBooks software keep you from learning how to use it correctly.

If you are in need of assistance or want QuickBooks training or set-up help, National Income Tax & Accounting in St. Petersburg, FL offers live QuickBooks workshops, as well as online and phone support.

If you are small business getting started with QuickBooks, you want assistance from a certified St. Petersburg QuickBooks Pro, contact Tom Gargiulo, E.A. today at 727-345-7790 for help.