Best Accountants in Midvale, UT

1. As an owner in control of your bookkeeping, your REALLY need to be in control. You may not handle every aspect of it like creating invoices and posting payments, but you need to have the correct checks and balances in place to ensure the accounting is correct. Nobody should move money, process payroll, or pay bills except for you. Those are just good accounting practices. 2. You should be updating your bookkeeping at least once per week but often daily. When you update your books daily you catch things faster and your books are always up to date. When you reconcile daily you have a really good handle on cash flow. Daily reconciling makes you the king of managing your cash flow. 3. It is really important to create a budget and forecast each year. After you build your budget you should enter the budget into Quick Books. This makes budget vs actual comparisons really easy. Having this information at your fingertips will allow you to quickly see if you are on track for the goals you have set. If not make the necessary adjustments to get back on track. Any other tips for business owners that managing their bookkeeping system? Type them in below!