Bookeeping Benefits
				Your Business Is Only As Good As Your Bookkeeping Bookkeeping and the performance of your business are directly linked!! Bookkeeping keeps the score and if the score is wrong, then you’re making important decisions with bad information. Why place yourself at a disadvantage like that? When you know the score, you improve your chances for earning more. When you outsource your bookkeeping to Admin Books, you improve the score in your business. In fact, what we save you in taxes, time, headaches and bad decisions will more than likely pay for you to engage in our services. Here are a few more of the benefits of bookkeeping done right: Measure profitability - Are you charging more than it costs you? Budgeting -Do you have enough cash each month to pay your fixed expenses? Can you afford to hire someone? Are you overspending on any one category?? Loans - Do you need a business loan?? If not, are your statements in order if you did? Tax return - Are you planning ahead or just “hoping it all comes out okay?” Financial Statements - Can you print out a listing of all your income and expenses for a given period of time? Is it current?? Legal Deductions - Are you taking all the deductions that are allowed?? Are you overpaying or underpaying?? Remember, taxes are one of the largest overhead of any business, about 40%! Manage Receivables and Payables - Are you able to forecast cash flow situations? Simple, yet… Bookkeeping is merely recording expenses and income. Once you get a routine established and stick to it, you will be successful. Yet, be careful that you do not over simplify. How money is spent and how it is recorded determines the taxes paid. You may need assistance. Ask yourself if you know the answers to these questions: 1. Do I know when a debit increases an account and when it decreases an account? 2. Do I have any negative accounts on my statements?? 3. Do I know how to “close the books” so that my retained earnings shows a true value of the worth of the business? 4. Do I understand the use and purpose of the chart of accounts? 5. Do I reconcile my bank statement to the penny each month? 6. If I own a corporation, is everyone on a W-2, including the Officers? 7. Do I reconcile all credit card accounts?? Do I use a business credit card for personal use? Those that fail to plan will plan to fail!! How is your company doing?? Go back to top of page Administrative Bookkeeping Co., Inc., 125 Lindo Lane, Morgan Hill, Ca. 95037 Phone: 408-782-9640 Fax: 1-888-459-1117