Monday, 21 October 2019

What is Number One Secret Key to Simple Bookkeeping?

When you think about bookkeeping in San Antonio, or anywhere else you might think of the process, why it’s crucial, and most importantly how complex it is. Yes, bookkeeping is popular to be a complex process. However, it has the scope of becoming simplified. This is possible when you know the secret to simple bookkeeping. 
bookkeeping San Antonio
 Consider yourself very lucky about the fact that you landed here, on this blog, because it is going to reveal that secret key to you right away!

The secret to simple bookkeeping: Say ONE to everything!

Curious? Dive right in!

Simply say ONE to all of the following questions:

1. What is the number of bank accounts that you need? 
Answer: ONE. 
When it comes to a small business, you do not need three new accounts like checking, payroll, and savings. What you absolutely need is a checking account and decide to leave everything else alone.

2. What is the number of employees that should get a debit card? 
Answer: ONE. 
Yes, only one. Who, you wonder? Oh, it’s you. Simply understand that debit cards pull cash from the account instantly. This is why it is too difficult to keep track of the balance. If you were to pass debit cards out to your staff, you’d lose complete control of your account. This would lead to unknown balances, eventually leading to much higher fees as well as bounced checks.

3. What is the number of credit card accounts that you’d want? 
Answer: ONE.
It’s important to understand that each of the credit cards comes with a paper statement, a password, a website, a credit limit, a cash advance password, along with its own fees as well as payment date. So, even if you take two, you would have way too much to keep track of. Keeping your business expenses on ONE credit card is one of the smartest things you can do, so you will be able to know what the payment date is and will be able to track everything in one place.

Your answer to questions like the number of days in a week for writing checks and the number of people having check-writing authority should also be ONE.

Therefore, when it comes to bookkeeping in San Antonio, or anywhere else, the secret key to simple bookkeeping remains number ONE!

Apply this secret key “ONE” and see the changes for yourself! Happy simple bookkeeping to your small business!

To know more about bookkeeping, get in touch with Uhlenbrock CPA at 210-701-1040.

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