Bookkeeping Strategies

pspanTax season brings recordkeeping weaknesses into sharp focus. Receipts vanish. The mileage log gets abandoned around March. Bank statements can't be located.

p class=BodyBefore getting into a discussion of common bookkeeping mistakes, it is worthwhile to address the importance of sound bookkeeping in general./pp class=BodyThe importance of sound bookkeeping is frequently lost and ignored by management.

p class=BodyMost professionals have only a vague understanding of what Artificial Intelligence (AI) is or means.

pstrongMost people starting a business start the business because they are good at providing the product or service they are selling.

pstrongThe IRS requires you to maintain consistent accounting throughout your fiscal year. You must use a method that clearly reflects your income./strong/ppWhen you file your first tax return, you’ll decide on an accounting method.