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Bookkeeping

Johnny / December 22, 2018

101 Bookkeeping: For Entrepreneurs Who are Scared of Numbers

Are you one of those business owners who hates looking at their bank statements? If you’re in business to make money, why wouldn’t you want to look at your numbers? Have no fear: you’re not alone. Money is a huge stressor for business owners, in part because they get confused over the bookkeeping aspect of business. However, the only true way to plan your business and to earn your wealth is to know and understand your financial statements. Avoiding your bank statements will not make your financial problems disappear. Tip #1: Choose a Bookkeeping System You have a choice of handwritten ledgers, computer software, or hiring a bookkeeper. Unless you have a degree in Accounting, handwritten ledgers can become confusing and difficult to update if you fall behind, so I would recommend researching the multitude of bookkeeping software titles available. If you want to hire someone, take your time to plan an interview process and check references, even if you hire a local firm who will assign …

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