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The Importance of a Properly Set-up Accounting Software

Updated: Jul 21, 2022

Accounting software is vital for businesses to track their financial health and tax liabilities. It allows a company to record all of its transactions to provide a clear picture of the business's success. The software should be set-up correctly from the beginning to ensure that revenues and expenses can be properly tracked. After the software is set-up, it is crucial that all of the transactions are properly recorded and classified to be sure you have the correct numbers when filing your taxes. One error can result in a loss of thousands of dollars, and poor bookkeeping can cost a lot of money to fix in the long run. A few simple tips to take to avoid future problems:

  • Keep your business and personal expenses separate at all times.

  • Always provide bank and credit card statements to your bookkeeper from the beginning, so they can see every transaction and have the correct account balances.

  • Keep your books up-to-date and reconciled at the end of each month.

Are you looking for someone to set-up QuickBooks for your business? If so, I can help! I specialize in QuickBooks Online, QuickBooks Desktop Pro, and QuickBooks Desktop Premier; and can set-up your software to fit your business's custom needs. Additionally, I offer monthly bookkeeping packages to keep businesses up to date and provide peace of mind that your transactions are correctly recorded.

Southern California Bookkeeping & Accounting Expert Servicing:

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