As a small business owner in Missoula you’re busy stocking the shelves and managing day-to-day operations. Oftentimes, you may put in well over 40 hours a week just to keep the doors open. Tasks are constantly postponed to the next day. The next day becomes next week—and now suddenly it’s July and your books are not in order.
The secret to successful small business accounting is to have your books in order by July, instead of waiting until the end of the year.
How to Set Yourself up For Success 1. Reconcile Your Books
Are all your transactions posted? Make sure that you’ve accounted for all the expenses and revenue generated this year. This is also a good time to clear out any miscellaneous account activity. If you wait, you might forget important details about the transaction.
Financial Analysis
Are you on track to owe money at the end of the year?
Are you on track to get a return?
Benefits of Having Your Books Organized In July
If your books are set up now you’ll have time in November and December to do tax planning with your CPA. Rather than scrambling in late December to collect receipts you’ll be peacefully enjoying the holidays because your financial preparation set you up for success.
If you set yourself up for success now, you’ll be able to determine how to best position your business for filing your taxes. There are many tools and options available that your CPA can recommend to save you money at tax time. However, if your books are not up to date now, your CPA will not have accurate information to help you plan.
Right now—July—is the time to make sure your small business is set up for financial success. For a complimentary consultation about your small business contact Robert at Mill Creek Accounting Services in Missoula. We offer affordable accounting services that will save you time and money.
Email: [email protected] Phone: 406-926-1057
Mill Creek Accounting Services, LLC was founded with the mission to provide a resource for accounting services to Missoula and its surrounding area organizations. Mill Creek Accounting Services have seen it over and over again, when institutions focus purely on their production and service needs, while they neglected their accounting systems. The results spoke for themselves: unreliable financial information, slow invoicing and payment collections, strained relationships, and crushing stress on owners and staff. There is a better way to do business!
Click here to learn more: www.millcreekaccounting.com. You can schedule a complimentary consultation for your small business in Missoula, MT.
The secret to successful small business accounting is to have your books in order by July, instead of waiting until the end of the year.
How to Set Yourself up For Success 1. Reconcile Your Books
Are all your transactions posted? Make sure that you’ve accounted for all the expenses and revenue generated this year. This is also a good time to clear out any miscellaneous account activity. If you wait, you might forget important details about the transaction.
Financial Analysis
Are you on track to owe money at the end of the year?
Are you on track to get a return?
Benefits of Having Your Books Organized In July
If your books are set up now you’ll have time in November and December to do tax planning with your CPA. Rather than scrambling in late December to collect receipts you’ll be peacefully enjoying the holidays because your financial preparation set you up for success.
If you set yourself up for success now, you’ll be able to determine how to best position your business for filing your taxes. There are many tools and options available that your CPA can recommend to save you money at tax time. However, if your books are not up to date now, your CPA will not have accurate information to help you plan.
Right now—July—is the time to make sure your small business is set up for financial success. For a complimentary consultation about your small business contact Robert at Mill Creek Accounting Services in Missoula. We offer affordable accounting services that will save you time and money.
Email: [email protected] Phone: 406-926-1057
Mill Creek Accounting Services, LLC was founded with the mission to provide a resource for accounting services to Missoula and its surrounding area organizations. Mill Creek Accounting Services have seen it over and over again, when institutions focus purely on their production and service needs, while they neglected their accounting systems. The results spoke for themselves: unreliable financial information, slow invoicing and payment collections, strained relationships, and crushing stress on owners and staff. There is a better way to do business!
Click here to learn more: www.millcreekaccounting.com. You can schedule a complimentary consultation for your small business in Missoula, MT.