It is a well-known fact that most small businesses fail, many in the first year. The main reason they fail is they lose money. Unless you’re a billion dollar venture-funded corporation, you won’t survive long losing money.
If you own a small business and want to succeed, you owe it to yourself to pay attention to the numbers. Much can be gleaned from the financials. But if you didn’t major in accounting then your statements may as well have been written by an alien.
Hopefully this was helpful to you with some ideas to simplify your bookkeeping. For most small businesses, it is a good investment to delegate your taxes to a CPA that specializes in small businesses and outsource your bookkeeping to a professional bookkeeper.
If you would like to contact me about handling your bookkeeping for you, please click the button below to get in touch with me and I will schedule a call with you to discuss further.