Small Business tax, accounting, quickbooks management resources, tips and updates.
Friday, June 15, 2012
Bookkeeping Tips: Review Financials Monthly
At the end of each month, print reports to get an overview of month.
Print a transaction report to compare to your bank statement to make
sure you've accounted for all transactions. Print an accounts receivable
report so you can send an invoice to clients who owe you money. Run an
income and expense report to make sure you're operating in the black.
Evaluate expenses to determine if they were necessary and provided a
financial return. http://www.bmfms.com