Bookkeeping Tip #4 For Business Owners

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Track expenses.  That's week's sound tip from Janine Kaucher, owner of Clear View Business Solutions.  If you don't track expenses, you might miss out on tax write-offs and other expenses that would benefit your business when it comes time to file your taxes.  A qualified bookkeeper would know what expenses would benefit your business.  Also, a credit card that you use solely for business can be a basic way to keep track of your expenses.  Most card statements categorize expenses.

If you like what you hear, here's some more information on how to use a business credit card to track your expenses.  Please follow Clear View Business Solutions on Facebook if you'd like to see our weekly bookkeeping tip in your news feed.

Bookkeeping Tip #3 For Business Owners

Image via WikipediaThis week, Janine Kaucher, owner of Clear View Business Solutions, tells us to record deposits correctly.  Does this seem simple to you?  That is precisely the problem.  It is simple, and therefore it is easy to overlook.  If you follow this tip, you may be less likely to pay taxes on money that isn't income. Business owners typically make a variety of deposits into their bank account throughout the year, including loans, revenue from sales, and cash transfers from their personal savings. At the end of the year, you might erroneously record some deposits as income, and consequently pay taxes on more money than you've actually made.  Yep, this week's tip is short, sweet, and may potentially save you some dough.  If you want to see next week's tip on the news feed of your Facebook page or profile, click "Like" on Clear View's page.  Have a great day!