Archive for the 'Book-keeping' Category

Book-Keeping

Bookkeeping is the recording of business transactions.

Accounts Payable: Prioritize your bills and get them paid on time. Keeping your creditors paid and remaining in good standing with them is critical to success.

Accounts Receivable: Setting up an account receivable ledger so that you will always know how well your customers are paying what they owe you. Billing your clients and track the invoices that have not been paid. Collecting any money that is owed you and your company.

Bank Reconciliation: Balance your checkbook each month to assure accuracy of all accounts.

Credit Card Reconciliation: Make sure that all of your charges on your business credit cards are charged to the proper accounts and that all the information on the statement is accounted for. Find any problems that may arise in the use of your cards.

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