How do you get caught up?

Even figuring out how far back you should go can be an issue. A good rule is to only go back as far as you need to to get the maximum financial benefit. So if you’ve already filed your 2012 tax returns, going back and reconciling your 2012 bank statements might not be that helpful. But if you’re trying to discover trends, then you’re going to want to go back as far is you can so the you can accurately predict the future as close as possible. One of the problems is that it’s hard to download transactions from your bank that are more than 18 months old. Thus, it really means paying somebody, or taking many hours to hand enter transactions.

Thankfully there are some efficient ways to manage this. One of them is to add up similar transactions and only enter one number. You can even estimate without the pennies into the thousands and still get a pretty close approximation for the year.

I think the bigger challenge for most people is the time. Were also busy doing our daily work, that taking the time to go back and clean up our messy bookkeeping is just not practical.

I want to encourage you to do it anyway. Either hire someone, or take the time. Having accurate bookkeeping, precise bookkeeping, with projections that make sense, not just based on your own past performance, but based on industry standards is essential for growth and for the success of your future.

Sound Bookkeepers

206-794-3864
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At Sound Bookkeepers, we are not a regular bookkeepers that one finds. With dozens of bookkeepers available, background checks complete, references checked out, and experiences in hundreds of different business types, we’re one of the more competitive firms around. We don’t charge anything for the initial consultation which can be done over the phone. Our more than 15 years experience in forensic financial review makes sure everything we do goes toward increasing your cash flow and net income as well as reducing your tax liability. If we don’t save you time or money (or more likely, both), you don’t have to pay us. That’s how good we are! Please visit us at
SoundBookkeepers.com

Over 15 years experience working with IRS, Dept of Revenue, and Employment Security. With our commitment to professional precision, Sound Bookkeepers guarantees complete satisfaction!