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I've been helping out a friend's office recently and their books are a total mess. Some checks entered against invoices, some not, accounts receivable and acco
by jmm 16y ago
I've been helping out a friend's office recently and their books are a total mess. Some checks entered against invoices, some not, accounts receivable and accounts payable are totally unorganized, nothing reconciles...
So here's a recommendation - it's probably better to keep all your receipts in a folder system, along with records of your bank statements, and do nothing in software until you're totally committed, or can hire a bookkeeper. You can hand the receipts over to a professional a little later, but handing over a half assed mess in Quickbooks or whatever is much worse IMHO. Just don't wait too long to find that bookkeeper :)
Also, if being generally organized and fastidious is not one of your skills, bookkeeping is probably better handled by someone else, whether you have a great accounting tool or not.
- paraschopra 16y agoMost of my receipts are online, I never print them. So I am fearing whether I will miss some when it comes to handing it over to book-keeper.
- jmm 16y agoA bookkeeper will want to eventually categorize all your receipts by type, so if you're losing detail by going paperless (or losing track of things altogether), you may need to rethink that.