Small Business Accounting
Never underestimate the requirement for accurate financial statements!
An example of these are monthly income statements, balance sheets, and cash-flow statements which are all needed when filing your taxes. These statements will also help you to assess the financial health of your company and to see where you can create improvements.
A great investment to help you in this area is to purchase accounting software and of course, hiring the skills of a professional bookkeeper! There’s no point having software to record your transactions if you’re not sure which side of the equation refers to debits or credits!!