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Showing posts from October, 2020

How to Organize Your Business Financial Documents

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If you are like most business owners you probably receive massive amounts of paperwork each and every day, invoices, bills, sales receipts, banks statements, etc... Many decide to go paperless in an effort to reduce paperwork, but sometimes we find clients that are unprepared at the end of the year, especially for tax time. We have found that small business owners many times are not well informed regarding which paperwork they should keep and how to properly organize their files in the event of an audit or review. Keeping records organized will not only save you time but also money, think about the time savings your accountant of CPA will have as a result of having properly organized records, doing this will not only help your accountant or CPA, but also reduced your billable time. In this article I wanted to share with you some bookkeeping and file organization tips and tricks, following these simple steps will allow you to properly organize your financial documents so that your pape