Small Business Bookkeeping
Here is a high level view of how to set up a good bookkeeping system for your small business. Having an accounting system such as QuickBooks helps to track your profits and losses for taxes as well as your profitability in growing your business. This is a high-level workflow to help you set up a system.
Expense Tracking Workflow
We coach a lot of entrepreneurs who are learning the ropes of what it means to have a business rather than be an employee. One of the advantages and responsibilities of business owners is to claim and track business expenses. To find out what this means research it here.
Here is a simple mapping of how to take care of your receipts and how cash should be accounted for in your business.
