Now’s the Time to Brush Up Your Bookkeeping Habits

• Get away from hard copies
  One of the top reasons people give for not going paperless is that they have too many paper records to convert. The truth is that you can keep your paper files and still switch over to digital. All you have to do is check the box to convert to paperless as you log on to each of your accounts. You’ll be amazed at how much lighter you feel without account statements filling your snail mail mailbox, and how easily you can access information with the ‘find’ function of your computer. 
  
  
• Where autopayment is available, activate it
  Why should you go through the process of tracking and paying monthly bills manually? As long as you have plenty of cash in your payment account you can set yourself up with autopay and move on to more important tasks. 
  
  
• Separate your business accounts from your personal accounts This is one of the top pieces of advice for every business owner, and if you haven’t done it previously then now is the time. Things are going to get even more complicated with the changes in tax law that take effect in 2022, so make it easier on yourself by setting up separate accounts. 
  
  
• Create a recurring monthly date for reviewing your bookkeeping and accounting numbers
  Think about how many times you’ve found yourself confronted with some kind of bookkeeping emergency or question that has stopped you in your tracks and sent you scrambling for answers. If you set a date with yourself once a month that is specifically for reviewing your financial issues, you’ll avoid the sense of urgency and enter the discussion prepared. 
  
  
• Anticipate and prepare for your tax needs
  If you find yourself worrying about how you’re going to pay your tax bill each year, it means that you’re not paying attention. If you know how much you’re making then you have a good idea of how much you’re going to owe, and you should be setting those funds aside now so that you’re not stressed later. 

If a fresh start sounds good but you need help, we’re here for you. Give us a call to learn how our comprehensive bookkeeping and accounting services can make your life easier.