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Succeeding in business with the leading bookkeeping practices

Home / Blog Entry / Succeeding in business with the leading bookkeeping practices

The next time you need a highly qualified and experienced accounting firm to aid you, the first thing you should do is come to us. Ours is the top company working in bookkeeping Camden has to offer. We tailor everything to your unique specifications. As a result we can offer a solution that works for you.

Bookkeeping CamdenOverseeing your own personal finances is usually not too hard. However, accounting and bookkeeping for business reasons is a different matter. There is far more to think about here. Not to mention, you have customers and employees relying on you. The stakes just aren’t the same. In order to lessen the stress, we have some essential tips for you.

Internal controls

One of them would be to establish internal controls in your procedures and policies. This will lower the risk of fraud. For example you should have dual control for operations where you receive or make any sort of payments. For instance, you should have an employee write up a cheque. Another should reconcile the right bank account. Finally, there needs to be someone authorising the payments.

Plan throughout the year

Something else you should do is plan for taxes all throughout the year. Regularly stay in contact with a tax accountant. Do this to ensure you are taking the right steps to track expenses and preserve records. Once the time to file everything arrives, your documents are going to be organised. One other benefit of remaining organised is avoiding expensive penalties and lowering your tax burden.

Keep good records

Last but not least, keep your records thorough and clean. It is best not to dispose of your old records once you think you are done with them. This shall keep you ready for an audit should the situation arise.

Arrange professional bookkeeping in Camden

At Brian G Lonis & Co, we dedicate ourselves to helping our clients in any way we can. This often involves us providing the greatest service for bookkeeping Camden has. We are capable of much more as well. To find out more, you can get in touch with us.