Staying up to Date on Record Keeping Can Save You $$

Mike Miller Accounting, TAX TIPS

How are you keeping track of your monthly expenses for your business? Are you like most small business owners who keep a box of receipts, hoping to have time to go through them but never do?

If you set aside 1 hour a week for record keeping, it will save you a lot of money at the end of the year. Your accountant gets paid by the hour. So if he/she has to sort through all of your receipts and decide what expense category they go in, it will cost you hundreds if not thousands of dollars. Find a system that works for you, then schedule time in your week to work on your books. Trust us, it will be worth it.