As a small business owner, you may feel overwhelmed with the options available to you out there. This includes choosing a bookkeeping system that works for your business size and budget. Also, you don't want to develop any bad habits involving your money. This video is a short presentation that walks through these 2 main topics.
Bookkeeping System Choices
Choosing a system can be as simple as an Excel (or Google) spreadsheet. Or it can be as complex as a larger ERP (enterprise resource planning) software. Most small businesses fall somewhere in between, with common choices such as QuickBooks or Wave.
Mistakes and Misconceptions
We are all subject to making mistakes, but if you know about the potential ones ahead of time, you are ahead of the game! Check out my other blog about these items too:
Don't mix business and personal money
Keep all of your receipts!
Cash in the bank does not = Profit
DIY can still be hard