Start the New Year Right! | Tax Tip of the Week | No. 131
Getting Your Books in Order
If you own your own business, it is imperative that you have a solid bookkeeping/accounting system in place. Not only will you need these records to complete your tax return, but you also need the information available to you to make the proper management decisions throughout the year.You probably already have some sort of system in place. But is it adequate and are you taking advantage of its features, both reporting and time-saving features? For example, can you print an Aged Receivables Report? Is everything organized for closing out your 2011 books?If you are not currently using accounting software in your business, the beginning of the year is a great time to start and of course, look for an Agriculture Cloud ERP if you are in the business. If you are currently using a software package like QuickBooks or some other software solution, this is the time of year to “clean-up” your books. Don’t let too much of the New Year slip by … now is the time to get your accounting system organized!Looking for help using or getting started with QuickBooks? We are a Certified QuickBooks ProAdvisor. We assist many business owners in using this software efficiently so that you can concentrate on running the business rather than doing the bookkeeping. It is well worth your time and money to invest in getting some help as you start the 2012 tax year.Let us know if you have any questions.
Rick Prewitt - the guy behind TTWTax Tip of the Week Video Series:http://youtu.be/ZLy73yk6zR4...until next week.