Piles of money

Bookkeeping Hints

ShellyBlog

Shellys Bookkeeping  Hint #1

Spend 10 min before finishing on a Friday afternoon to send some overdue invoices out to customers

Shellys Bookkeeping Hint #2

Don’t use your personal bank account for your business. Set up a new account for your business when you first start. This will make it easier for you to track your expenses and your sales

Shellys Bookkeeping Hint #3

Use an accounting software package from Day 1 and seek some basic training on how to use it.

Shellys Bookkeeping Hint #4

Make backups regularly of your data if it is stored locally. If using an online bookkeeping software provider such as, Xero , Quickbooks  they backup their databases daily saving you the effort.

Shelly’s Bookkeeping  are qualified to use these accounting software providers.

Shellys Bookkeeping Hint #5

Consider investing in Add-on software to streamline your business. We can highly recommend Receipt Bank for eliminating time spent on data entry. Simply send all bills to Receipt Bank and let the software enter these expenses into your accounting software. Once in your accounting software, you can keep track of aged payables easily by running reports to see who you owe money to.

Shellys Bookkeeping Hint #6

Make sure you enter all your invoices and expenses and reconcile your bank accounts before preparing your BAS. Make sure your payroll also reconciles if you have staff. Not sure how? Then drop us a line.

Shelly’s Bookkeeping, based in Coorparoo, Brisbane,  has a number of Bookkeeping Services and software Solutions  that can cater for  all your bookkeeping needs