Best QuickBooks Consulting & Training in Lakewood, NJ

At first, the thought of completing your business’s bookkeeping and analyzing your financial statements can seem intimidating. In reality, once you understand the basics, the monthly bookkeeping process becomes a breeze, and, the benefits to updating your books regularly are manifold. Two important parts of your monthly bookkeeping should be:nnReconcile all of your accounts - If you kept proper records of your transactions throughout the month, this should be a short and effortless step in the process, but an important one nonetheless. Look for duplicate payments, unauthorized checks, missing deposits or transfers etc.nnReview Your Statements – Look to see if any balances are higher or lower than usual. Verify that account balances (such as bank, credit cards, and loans) on the balance sheet match the actual statements. Make sure that investments and draws are properly classified. You should always compare the current monthly P&L with previous ones as well as QoQ and YoY. See if you reached your goals and set up new ones for the future.nnBeing consistent is key to many things in business but especially when it comes to bookkeeping and reviewing your financials.nn #smallbusiness n#financialstatements n#bookkeepingservices n#booktied...