7 bookkeeping habits every entrepreneur should adopt

29
The way to keep your business thrive-not survive

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Page 1: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

The way to keep your business thrive-not survive

Page 2: 7 Bookkeeping Habits Every Entrepreneur Should Adopt
Page 3: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Whether it’s related to life or business,

Page 4: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Whether it’s related to life or business,

Habit is the major point of focus.

Page 5: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Whether it’s related to life or business,

Habit is the major point of focus.

Badly tracked finance can put your business

at serious risk,

Page 6: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

On other hand following seven bookkeeping

habits can help your Businesses to thrive.

1.2.3.4.5.6.7.

Take an expert’s help to prepare tax return

Never depend entirely to somebody else

Choose right software for your business

Always document your process

Keep receipt of expenses

Track Your Receivables

Concern with accountant for work as a team:

Page 7: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

1. Take an expert’s help to prepare tax return

Page 8: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Business owners are always involved in many tasks, that’s why it is necessary to outsource your work in which you don’t have expertise.

Page 9: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Business owners are always involved in many tasks, that’s why it is necessary to outsource your work in which you don’t have expertise.

A trained professional can do the work much smarter in which your bookkeeping process and business can be improved further.

Page 10: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

2. Never depend entirely to somebody else

Outsourcing your work to professional eyes doesn't mean you should entirely depend on him.

Page 11: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

2. Never depend entirely to somebody else

Outsourcing your work to professional eyes doesn't mean you should entirely depend on him.

As a business owner it’s important to you understand the basic business numbers.

Page 12: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

2. Never depend entirely to somebody else

Outsourcing your work to professional eyes doesn't mean you should entirely depend on him.

As a business owner it’s important to you understand the basic business numbers..

for benefits of your business.

Page 13: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

3. Choose right software for your business

In these days..

Page 14: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

3. Choose right software for your business

In these days..

more choices available than ever..

Page 15: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

3. Choose right software for your business

In these days..

more choices available than ever..

so, look for a system..

Page 16: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

3. Choose right software for your business

In these days..

more choices available than ever..

so, look for a system..

that perfectly meets your businesses needs.

Page 17: 7 Bookkeeping Habits Every Entrepreneur Should Adopt
Page 18: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

4. Always document your processIt’s not only prevent confusion..

Page 19: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

4. Always document your processIt’s not only prevent confusion..

but also..

Page 20: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

4. Always document your processIt’s not only prevent confusion..

but also..

can help you to spot errors later on.

Page 21: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

5. Keep receipt of expensesBy keeping receipt..

Page 22: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

5. Keep receipt of expensesBy keeping receipt..

You can know how much you are spending on your business.

Page 23: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

6. Track Your ReceivablesOnly issuing invoices are not enough

Page 24: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

6. Track Your ReceivablesOnly issuing invoices are not enough

every receivables of sent, received, paid, partially paid, and late invoices

Page 25: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

6. Track Your ReceivablesOnly issuing invoices are not enough

every receivables of sent, received, paid, partially paid, and late invoices

should be racked on daily basis.

Page 26: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

7. Concern with Accountant for Work as a Team:

Approach your accountant as a business partner. An accountant can help take a business next level.

Page 27: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Application software for better experience into accounting

Page 28: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

To run business successfully, entrepreneurs need to follow some

bookkeeping habits. It’s helps a business to take next level.

Page 29: 7 Bookkeeping Habits Every Entrepreneur Should Adopt

Thank you for watching!

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