Tuesday Tips

Words of Wisdom

Use an accordion file with months pre-printed for yearly filing. Each year you can set one up a new file for your monthly receipts and expenses. When the year is complete, you can store the file away and start a new one. This makes archiving older records a snap!

Testimonials

Leslie Flowers

“I realized what I needed was really a ‘business manager’. Someone to setup and train me on Quickbooks, give me steps to get my EIN Number, separate checking accounts, explain which banks work best with Quickbooks, and understand how and what to deduct, etc.

 
Quickbooks Efficiency

Imagine…it’s tax day and all of your bookwork is organized, in order, on a flash drive (with no scrambling) and ready for your CPA!


Are you having difficulty managing revenue and billing? Do you waste precious time looking for important receipts or expenses?

Those days are over. The Efficient Office is proud to have more than 18 years of QuickBooks experience to pass on to clients. We can help set up and/or maintain sound financial records essential to running a successful business. We work with both small and home-based businesses to develop financial filing systems and processes that make managing and tracking finances easier. We also offer QuickBooks training for busy business owners and employees.

Services include:

•    QuickBooks set up or cleanup, including chart of accounts, customer and vendor lists, and account registers
•    Sort and organize existing records
•    Data entry of all payments and deposits
•    Monthly reconciliation of bank accounts
•    Credit card splitting and proper recording to ensure tax write-offs
•    Bill payment and set up of bill payment schedules
•    Petty cash spending, budgeting, cash flow management, financial reporting, as well as tracking of project or program costs
A challenge in any business is maintaining accurate financial documentation. And because the main purpose of record keeping is to provide proof of income and expenses for tax purposes, as well as for financial disputes, having effective and efficient systems in place is critical for businesses. The Efficient Office will help set up easy financial filing systems both in paper and electronic formats. We will help with the seemingly daunting task of determining what documents need to be kept or purged.  (All companies must keep financial documentation for up to seven years for tax archive purposes.)