Should I be doing my bookkeeping myself?

Should I be doing my bookkeeping myself?

Many business owners ask themselves “Should I be doing my bookkeeping myself?”, this is a very important question and you should be considering all of your options.

The 1st question I would suggest asking yourself is, Is doing the bookkeeping yourself really the best use of your time? Truly when it comes to YOUR business you need to spend your time focusing on your clients, growing your business, and taking your company into the future, if doing the books takes you away from any of these items you should consider hiring a bookkeeper.

The next question you should ask yourself is Do you have the knowledge to even do the bookkeeping? This is not an insult on your intelligence it is taking the time to make sure you can get the correct information from your Bookkeeping when it is needed. Although bookkeeping / accounting software’s help walk you through starting your books the knowledge of how to ensure they are setup correctly can be confusing. If you are not recording accurate information then your bookkeeping is rendered incorrect which may lead to problems with your taxes and growing your business.

Software…. Choosing a bookkeeping software can be quite the chore but here at A.S.Bookkeeping, LLC. we like to suggest our clients use QuickBooks. Many of our clients have to come to us and have already started using QuickBooks which is great but while helping clients out we often hear “Oh I didn’t even know you could do that” often times clients are using some other programs or applications and are paying additional money for something that their QuickBooks can already do for them. On the other hand there are also other programs and applications that are supported by QuickBooks that can help your business save time and money by simplifying processes so that you can focus on your business and not the books.

Consider taking a few minutes to calculate how much time your spending on your bookkeeping each month and multiply that by your hourly rate / average party income in hours; You could be losing money by spending time doing the books and not conducting business!

One final thing to consider is are you losing family time because you need to do bookkeeping instead? We are all trying to strive to find balance between work and family and your bookkeeping should not take away from family time because that is time you cannot get back.

Bookkeeping is important, please do not ignore it! We at A.S. Bookkeeping, LLC. would love the opportunity to assist you with your bookkeeping needs and finding a system that works best for you and your business.

To contact us you can complete the below form or email us at amy@as-bookkeeping.com

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Productivity… Is the problem in Your Head?

One of my favorite magazines is Inc. and I recently read an article titled “Inside the Psychology of Productivity“.  My clients are always talking about the importance of being productive on a day to day basis and I thought this article was very insightful to the battles we all have in regards to the issue of Productivity.

Check out the full article at http://www.inc.com/magazine/201503/leigh-buchanan/the-psychology-of-productivity.html

Some of the Key points within the article are

  • Get to the root of YOUR procrastination
  • Focus on Progress, NOT To-Dos
  • Beware of Time Thieves
  • Be In-the-Moment with Everything You Do
  • “Don’t waste time on indecision. The secrete to moving forward with confidence is knowing where you want to Go”

Organizing Your Office Can Greatly help with your Productivity

Organizing might not be your TOP priority when it comes to your business but taking the time to organize your office may just help your productivity level more than you could imagine.

I found this great article with 25 Office Organizing Tips that everyone can benefit from doing. Here is a summary of the tips provided by “Business Know How” you can find the full article at http://www.businessknowhow.com/manage/getorg.htm

  1. Clean out each desk drawer, to free up even more valuable storage space.
  2. Clear off the top of your desk, then wipe off the surface of the desktop.
  3. Keep essential items on your desktop (computer, phone, fax, card file).
  4. If you work with more than one person create an in box for each person.
  5. Have a master to-do list for each day at your desk.
  6. Pre-Sort the mail.  To-File, To-Read, To-Contact(write or call).
  7. Use a variety of containers to organize office supplies, paper clips and pens.
  8. Use a variety of desktop organizers or trays to organize papers that come across your desk.
  9. Create a separate drawer for personal paperwork, items, etc.
  10. Use storage boxes to store dated files.
  11. Purchase Magazine boxes to store booklets, magazines, catalogs you want to keep.
  12. Create a file for magazine articles or scan them into your computer.
  13. Filing system should be simple easy and manageable
  14. Color-coding your files makes it faster to find information.
  15. Do not over stuff folders.  It may be time to toss some of the information in the folder .
  16. Never overload filing drawer.  It will make it difficult to retrieve information in the drawers.
  17. Sub-divide larger files with interior file folders.
  18. Tab hanging file folders in the front.
  19. Return calls in batches.  Leave specific messages and the time you called if the person you’re trying to reach isn’t available.
  20. Empty workspace of everything but the project you’re working on to cut down on distractions.
  21. Keep an assortment of all-occasion cards and stamps in your desk.
  22. Keep takeout menus from favorite restaurants so you can  order ahead and pick up dinner on your way home.
  23. When using more than one checking account, color coded checks are an easy way to identify each account.
  24. At the end of each project or event, organize paperwork and file or store it.
  25. Straighten desk at the end of the day and especially at the end of the week so that you can start each morning with a clear desk.

The above information was obtained from http://www.businessknowhow.com/manage/getorg.htm!

file boxes

 

 

6 Things about Money You May Not Think About BUT should!

Here is a great article from Entrepreneur Magazine on  6 Things about Money You May Not Think About BUT should!

Click here to read the full article http://www.entrepreneur.com/article/225377

Key Points in the Article

1. Protecting your personal credit rating.

2. Diversifying your portfolio.

3. Choosing the right business entity.

4. Discussing finances regularly with your spouse or partner.

5. Keeping personal credit cards out of your business.

6. Aligning your salary with your business cash flow.

dollar sign

3 Things to Consider Before Your Business Donates to Charity

Throughout the year we as business owners and individuals are often approached by others about donating to Charities,  do you every questions if you should donate or do you just “Write the Check”…?

Here is a great article from Entrepreneur Magazine of 3 Things to Consider Before Your Business Donates to Charity http://www.entrepreneur.com/article/225130

Charitable Contributions

Direct Sellers- Do you know how much you’re earning on your hard work?

Direct Sales Businesses all operate on the same general principle of commissions & bonuses but do you track and understand your commissions and bonus’s or just wait till the end of the month to find out what will be deposited to your account or the check you will receive?  Direct Sales Company’s just like other companies make mistakes but if YOU aren’t keeping track of what you should be making how would you ever know if you were paid incorrectly or if they missed including you on a bonus? This is information you need to know PRIOR to your monthly, weekly, quarterly, or yearly checks!

Knowing what you’re going to make prior to your getting your check is important for many different reasons here are just a few:

  • Budgeting & Planning
  • Are you going to meet your monthly goal?
  • Are you going to miss out on a bonus because of just a few dollars?
  • Setting Goals for upcoming months to grow your business to the next level?
  • Are you working towards an incentive trip?  If so what do you need to sell each month in order to earn to that trip?
  • Can you afford to purchase that next round of sample products or promotional material?
  • Do you make more money on sales or sponsoring new members to your team?
  • Does your inventory need restocked and if so what do you need?

You Should KNOW the answer to all of these questions if you don’t then it’s time to get your bookkeeping in order for your home based business, we offer affordable rates to home based / direct sales business owners contact us today for your FREE consultation and get on the road to a better understanding of where your business is headed!

I have worked in direct sales myself so I have the experience to help you keep your business on track!

tools for sucess in today's economy

Have you ever asked yourself How do I pay myself? Salary or Draw?

Have you ever asked yourself as the business owner how you should pay yourself?  This Article from Intuit QuickBooks has some great suggestions on just that!

“Salary or Draw? How to Pay Yourself as Business Owner”