2016-11-21 00:00:00 Time Management English Schedule regular time each week to attend to basic bookkeeping tasks, and keep your cash flow in order. https://d1bkf7psx818ah.cloudfront.net/wp-content/uploads/2017/10/08213835/People-During-Scheduled-Upkeeping.jpg Schedule Time for Upkeep

Schedule Time for Upkeep

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It’s easy to let daily paperwork accumulate when you run a small business, but neglected invoices and receipts can have detrimental effects on your success in the future. When you take time out each week to attend to basic bookkeeping tasks, you have a more accurate view of your cash flow, and it’s easier to stay on top of past-due payments.

Collect daily expense receipts, customer invoices and bills from merchants in a bin throughout the week, and then take a few minutes to enter the transactions before the weekend. Schedule time to pay bills, follow up on customer invoices and review your cash flow. Consider using online bookkeeping software, such as QuickBooks, to save time and to simplify your record-keeping procedures.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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