{"id":20305,"date":"2022-05-15T14:01:48","date_gmt":"2022-05-15T14:01:48","guid":{"rendered":"https:\/\/www.openbusinesscouncil.org\/?p=20305"},"modified":"2022-05-23T14:10:41","modified_gmt":"2022-05-23T14:10:41","slug":"5-essential-bookkeeping-tips-for-business-owners","status":"publish","type":"post","link":"https:\/\/www.footballthink.com\/5-essential-bookkeeping-tips-for-business-owners\/","title":{"rendered":"5 Essential Bookkeeping Tips for Business Owners"},"content":{"rendered":"
Whether you own a small retail shop or a major car rental service company, being a business owner is no easy job. You have a lot on your plate to do on a day-to-day basis including managing your business operation, working with customers, networking and keeping everything running smoothly. This often gives you little time to pay attention to other important aspects of running a business and one is managing your books.<\/p>\n
Generally speaking, every business owner knows that having smart money management<\/a> is key to success, no matter how much revenue your company brings in. Adopting some good bookkeeping habits can protect you from costly errors that may come along if you neglect this part of your business.<\/p>\n Luckily, keeping your books straight doesn\u2019t require having a master\u2019s degree. All it takes is little time, the right tools and strategy to get your bookkeeping done quickly and accurately. Here are five essential tips to help you succeed.<\/p>\n <\/p>\n The first and most important step you should take is to decide on the right bookkeeping method for your business. Typically, owners choose between using spreadsheets and accounting software.<\/p>\n Bookkeeping that uses spreadsheets usually involves using a program like Microsoft Excel, but there are entrepreneurs who still use the old-fashioned pen-and-paper method.<\/p>\nChoose your bookkeeping method<\/strong><\/h1>\n