Chained to Your Books?
Find yourself worrying more about your books than running your business? Find out why you need a bookkeeper!
Learn more about our Bookkeeping services for businesses in Louisville!
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There are many reasons why businesses in Louisville should use a bookkeeper.
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3 Common Bookkeeping Mistakes
No Bookkeeping System
The biggest mistake made early on in a small business is not using a proper bookkeeping system. The business owner usually places the paperwork in a box, or uses Excel to make lists of income and expenses. It is easy to lose receipts or forget about small expenses.
Lack of Knowledge
Some business owners try to do the bookkeeping themselves, or they get their partner / family member / friend to do the books. Doing this is not always as cost-effective as you think. Accounting software promises proficiency with just a few clicks. However, unless you are familiar with general accounting principles, any accounting software can be frustrating. You often end up spending a lot of time trying to figure out where you went wrong.
No Back Ups
The heavy dependence on technology brings with it the chance that something could happen to your data. Data needs to be backed-up, and keep in different locations, to avoid potential losses. This is even more important if you are operating in a paperless environment.
Lacy has been doing the bookkeeping for a client of mine for several months. She has allowed us to start to see the true financial picture of my client’s business. Her work has been exceptional. I can strongly recommend Lacy if you need a good bookkeeper. Andrew Van Horn