A Few Mid-Year Tips!

We've passed the half way mark for the year! Now is the perfect time to give your business or personal books some TLC. Here’s a few things to consider:

1. If you already have an accounting file, make sure that all your transactions are entered for the first half of the year.

2. If you are entering transactions manually, consider importing them via CSV or IIF files, or setting up automatic download from your bank.

3. After updating your transactions, take a peak at your Profit and Loss & Balance Sheet to see if anything sticks out as odd. Did you really spend that $15k on bank fees over the last six months? 😋

4. Contact your CPA or tax person to schedule a tax planning session. Often changes can be made before the end of the year that can save you money on taxes.

5. If you need help with creating, organizing and reviewing your books, or even want training on Quickbooks, contact a professional who can give you a hand.

Don’t let the year-end sneak up on you! Be prepared and confident when tax time rolls around.