As a small business owner, you're probably more concerned about getting your product perfect and getting it into your customer's hands than you are about the ins and outs of your accounting. You might even put it off until you're forced to do something about it like at tax time or when there's a particular bill than needs to be paid.
Proper accounting requires a year round effort, going over your finances for each month. This allows problems to be quickly spotted and dealt with before they balloon into major disasters for your company. This monthly effort takes the form of a "monthly write up" that includes account reconciliation, your P&L statement, and your balance sheet. They'll often conclude with a general ledger review, to ensure everything is properly balanced. For more information on the importance of having a CPA prepare your monthly write ups, or to hire a CPA to start helping you right now, please visit my client: Accountability Team
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