Debra Oselett studied accounting at Oakland Community College and
later founded her own accounting firm. She managed her firm for ten
years and helped small businesses manage their accounts. She is well
acquainted with both Peachtree and QuickBooks accounting software and
knows how important it is for businesses to maintain proper accounts
records. Debra Oselett has several years’ experience in working with
small businesses helping them maintain their records. Here are some
simple accounting tips for small businesses.
Keep it Separate
If you have just started a new business, you must ensure to keep business expenses separate from your personal expenses. Do not try to pay for personal things with your business credit card and then balance things out later, if you try to do this, you will end up in trouble. Though there is some accounting software that can account for crossover expenses, it is recommended to keep business and personal finances separate.
Hire a Professional
It might be better if you hire a professional accountant to handle the accounting work in your business. While you can do the books yourself, it would be easier to let a professional handle the job and you can focus on building your business. An accountant will most certainly find deductions and keep you penalty-free. You can save yourself a lot of stress and trouble by having a professional handle your accounts.
Debra Oselett managed her accounting firm for ten years and helped several small businesses manage their accounts.
Source: http://www.forbes.com/sites/theyec/2012/10/24/5-simple-tips-to-keep-your-small-business-finances-in-order/#78e935b01a80
Keep it Separate
If you have just started a new business, you must ensure to keep business expenses separate from your personal expenses. Do not try to pay for personal things with your business credit card and then balance things out later, if you try to do this, you will end up in trouble. Though there is some accounting software that can account for crossover expenses, it is recommended to keep business and personal finances separate.
Hire a Professional
It might be better if you hire a professional accountant to handle the accounting work in your business. While you can do the books yourself, it would be easier to let a professional handle the job and you can focus on building your business. An accountant will most certainly find deductions and keep you penalty-free. You can save yourself a lot of stress and trouble by having a professional handle your accounts.
Debra Oselett managed her accounting firm for ten years and helped several small businesses manage their accounts.
Source: http://www.forbes.com/sites/theyec/2012/10/24/5-simple-tips-to-keep-your-small-business-finances-in-order/#78e935b01a80
