Bookkeeping Tip: Keep Your Records Organized
One of the most important bookkeeping tips for small businesses is to stay organized during the entire year so you are not scrambling come tax time.
1. Keep track of your mileage all year – there are simple apps you can use for this.
2. Get in the habit of keeping your receipts, or taking pictures of them and filing them on a cloud.
3. Keep track of all monies received and paid, using a simple software such as Quickbooks.
4. If you have Sub Contractors, get a W9 for everyone you pay.