You Don’t Need 2020 To See That Bookkeeping Is Important!

In 2020 the saying is “Anything that can go 2020 will go 2020”, so let’s keep your financial records away from the uncertainty that is 2020. 

As a business owner, you know the importance of maintaining accurate financial records. This information is critical to daily operations. Whether measuring performance or ensuring transactional transparency for key decision making, bookkeeping is an integral part of every day business. By maintaining organized records you can budget accurately and track the progress of your business targets, making your month ending reconciliations that much easier. 

If your business is seeking grants, lending, or other forms of financial support, you’ll definitely want to consider bookkeeping. Maintaining a systematic record of business transactions is  important to a business’s external users (funders). Whether attempting to secure funding from a bank to meeting government regulations, bookkeeping can keep you on track.  Would be partners, lending institutions and government entities will need access to reliable information about your business to make informed decisions. And it’s always a great idea to have your financial records in order when it is time to file your taxes. You never know who may ask.

As bookkeeping is all about managing revenue and expenses, many small business owners rely on software systems. A well known industry standard software is Quickbooks online. It has tools that range from basic accounting to more complex transactions. Never used Quickbooks or other bookkeeping software before? EB taxes will set up Quickbooks for your business for you to manage independently. We walk you through the whole process until you are comfortable and confident with the bookkeeping software. We’re here to help!

Not sure if you can handle bookkeeping on your own? Not to worry. Here at EB Tax are bookkeeping experts with more than a decade of experience in corporate accounting. We offer bookkeeping services for you. We give you a monthly balance sheet and income statement so you receive the most critical information to your business.  Also, having EB tax on your team will save you time. And as a small business owner you know how valuable your time is. The critical information you need delivered to you every month in an easy to track way. Come Experience The EBTax Difference!