Bookkeeping tips for Fort Wayne small business owners

Our firm partners with three hundred small businesses; most of these businesses are located within a one hour drive of Fort Wayne, Indiana.  We provide bookkeeping services for some of these clients; however, many of our clients do their own bookkeeping.

Accurate bookkeeping is absolutely critical to the success of your small business.  A business cannot be successful unless it knows how much money it has earned and what its expenses are.  Our firm employs three Certified Public Accountants and all three have a great deal of experience handling small business bookkeeping.  All of our clients partner with one specific CPA in our firm; this allows our CPA’s to learn a great deal about the small businesses they partner with!

Bookkeeping tips from our CPA’s:

1. Do your bookkeeping on a regular schedule.  It is far easier to ensure your bookkeeping is accurate when you do it on a weekly or monthly schedule.  It is a bad idea to try to do your bookkeeping by throwing all of your receipts into a “shoe box” and spending a couple of days trying to figure out what happened over the prior year.
2. Do not assume that your spouse wants to handle the bookkeeping for your small business.  If I had a dollar for every client I have (especially men) that “dumped” their bookkeeping on their spouse and hoped for the best; I could take a nice vacation!  Bookkeeping is important and it is not something that everyone “has a knack” for; nor is it something that everyone is willing to do in the first place.
3. Partner with a CPA who can answer your bookkeeping questions throughout the year.  It is far easier to ensure your bookkeeping is accurate and up-to-date if you have a professional that you can call who can answer your bookkeeping questions.
4. Use a bookkeeping system that makes sense for you based on your needs.  The majority of our clients use QuickBooks; however, a fair numbers use an excel spreadsheet and a few do it the old fashioned way with pen and paper.  All three work and you should use the method you are most comfortable with.

If you own and operate a business near Fort Wayne, Indiana and you need help with your small business bookkeeping give one of our CPA’s a call today at 260-338-0833!

P.S.  We do provide expert QuickBooks training for an hourly fee of $70 an hour.