July 10, 2020  

Bookkeeping Essentials


Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Sound bookkeeping procedures are critical to your company's success. In this section, we discuss what it takes to set up and maintain a first-rate bookkeeping system in a small or medium-sized business.

Bookkeeping Essentials

  • Hiring a Bookkeeper - Small businesses often outsource their bookkeeping function. This can be a costly approach. Make sure you're not paying too much for a bookkeeper.
  • Journal Entry Procedures - Accounting journal entries require attention to detail. Make your journal entry procedures are systematic and methodical.
  • Importance of Bookkeeping - It is wise to keep track of how your money is used in your business to make judicious decisions. This article emphasizes the need to have an accounting system in place.
  • Hiring Bookkeepers - Hiring a bookkeeper? You'd think it would be easier to find bookkeepers. Where are they and when you do find them, how do you hire the best bookkeeper for your business?
  • Basic Bookkeeping - Successful business owners are such that they personally handle their recordkeeping and bookkeeping requirements, or at least outsource these services. Basic bookkeeping skills should as a matter of priority be learnt by anyone with the intent of opening a business.




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