Small Business Bookkeeping
As most CPA's will agree, some of the most sloppily organized clients they have are small business owners. Why you may ask? Often times these are people with a vision and a plan, but they are not the number crunching accountant types that think it is important to have every little detail accounted for. They will lose documents, scrabble for payroll information, and even forget to issue W-2's at the end of the year. All things that people do in their everyday lives, but it definitely not good in the business world.
While it is okay to be a little disorganized from time to time, these kinds of mistakes can not only lead to other problems, they can also be costing the small business money. None of those things are good, but there is a way to help these owners out.
Small business bookkeeping software is a one stop shop that will help owners organize, complete payroll, complete taxes, and aid in the preparation of many documents and reports. There really is no limit to what this kind of program can do when the user is aware of all the tools he or she has at their disposable. Many of these programs even off you tips on ideas to run things better, use the programs, and how to save money on taxes.
There are a few complete suites out there are really do a fine job of helping small business owners get their stuff organized. Two of the more popular and best suites are QuickBooks and Peachtree. While more people are familiar with QuickBooks, which is based of the individual program Quicken, Peachtree offers an outstanding product that is also very easy to use.
The real benefit to these programs is that they allow you to customize reports, enter data, and compile information all in one place. If you have multiple computers the programs can interface with each other and allow each computer into the software at once allowing for great production in the office.
Another benefit to having a easy to use bookkeeping program is that most people can use it with just a bit of training and by reading the instructions. Instead of paying thousands to your bookkeepers or other accountants this software can be used and the money spent on it can be recouped by saving in other areas. Also, many are shocked at the amount of deductions and other things they are missing by not being organized.
While this may really help out a small business owner, it does not necessarily mean you do not need a CPA to review your books each year. They can still offer excellent support and tips about tax preparation without having to bill for the bookkeeping aspect. Most professionals will be willing to work with you in order to maximize your growth and success of your business, even if it means they will not make quite as much money off of you.