Quick Bookkeeping & Financial Tips
Bookkeeping is a major part of business. For maximum profits, you have to keep on top of it. Here are some major areas.
Chart of Accounts
The Chart of Accounts needs a high degree of control. Accounts should not be added or subtracted without first considering how these changes will affect the recording of transactions and the impact on your financial statements.
It’s common for business owners to put expenses in a wrong account within a department. This is why a bookkeeper should be contacted to review your financial…