{"id":97,"date":"2019-05-10T08:00:51","date_gmt":"2019-05-10T08:00:51","guid":{"rendered":"https:\/\/blog.pretty-books.com\/?p=97"},"modified":"2020-07-27T19:54:00","modified_gmt":"2020-07-27T19:54:00","slug":"small-business-bookkeeping-best-practices-for-growing-your-organization","status":"publish","type":"post","link":"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/","title":{"rendered":"Small Business Bookkeeping: Best Practices for Growing Your Organization"},"content":{"rendered":"<p><strong>Small business bookkeeping can keep you organized and running smoothly. While it\u2019s not always easy to keep track of your business\u2019 spending and earning habits, it\u2019s necessary to ensure you always remain within your budget and that all funds going in and out are accounted for.<\/strong><\/p>\n<p><strong>Let\u2019s look at some elements of small business bookkeeping that can keep your company on top.<\/strong><\/p>\n<h2>Get the Right Small Business Bookkeeping Software<\/h2>\n<p>Finding the right software is going to be a major first step if you want to keep things organized.<\/p>\n<p>Among the most commonly used is QuickBooks. What\u2019s great about it is that it can keep long-lasting records of your business\u2019 receipts and transaction history. If you have a receipt, all you\u2019ll need to do is enter its data and it will remain in the software throughout the year.<\/p>\n<p>Depending on your type of business, your needs will be different from those of others. Before settling on QuickBooks or some other software, research the tools available to you and see what\u2019s different about them. Decide on one with benefits that match your business and go from there.<\/p>\n<h2>Always Give Things a Second Look<\/h2>\n<p>While computers have done wonders for our global economy, they are not perfect. They can make mistakes, and data can be compromised.<\/p>\n<p>Keep this in mind while running your business and give your bookkeeping information a second look. Don\u2019t simply leave it in the hands of the software. Spend some time looking through your data and make sure everything looks right.<\/p>\n<p>It\u2019s easy to underestimate humans and assume they won\u2019t be as efficient as computers. In the end, people can still perform many functions well, and having a second opinion is always good step to take.<\/p>\n<h2>Do Regular Inventory Audits<\/h2>\n<p>Errors can occur and things can get lost or go missing, so as long as you\u2019re examining your digital records, you should also be examining your physical inventory to make sure everything is set in place.<\/p>\n<p>This tactic should inspire you to closely keep track of vendors and make sure all your products are delivered on time. You can also make sure that the right amounts of products are in your store so you never have to deal with shortages or overabundance.<\/p>\n<h2>Make Sure Your Processes Are Clear<\/h2>\n<p>Make sure that everyone in your organization understands their jobs and their daily tasks. There are many ways to do this. Examples include:<\/p>\n<ul>\n<li>Holding regular training sessions<\/li>\n<li>Interviewing your staff to better understand their thoughts and ideas regarding their respective positions<\/li>\n<li>Having employees review themselves so you can see where they need improvement<\/li>\n<li>Bring in specialists to offer specific advice and training for staff members<\/li>\n<li>Consistently communicating with your team<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Small business bookkeeping keeps you organized and running smoothly. It\u2019s not always easy to keep track of your business\u2019 spending and earning habits, but it\u2019s necessary to ensure you stay within your budget and that all funds are accounted for. Let\u2019s look at some elements of small business bookkeeping that can keep your company on top.<\/p>\n","protected":false},"author":3,"featured_media":698,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[33],"tags":[6,5,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business Bookkeeping: Best Practices to Grow Your Organization<\/title>\n<meta name=\"description\" content=\"Small business bookkeeping can be tricky, but it\u2019s necessary to keep your operations running smoothly. 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Here are some tips to keep your business growing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/\" \/>\n<meta property=\"og:site_name\" content=\"Pretty Books Magazine\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-10T08:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-27T19:54:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_accounting-firms.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kristine Nguyen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\",\"name\":\"PrettyBooks\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2022\/05\/pblogo.png\",\"width\":226,\"height\":52,\"caption\":\"PrettyBooks\"},\"image\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/#website\",\"url\":\"https:\/\/prettybooks.com\/magazine\/\",\"name\":\"Pretty Books Magazine\",\"description\":\"A collection of knowledge, stories, and insights into today\u2019s accounting world.\",\"publisher\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prettybooks.com\/magazine\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_accounting-firms.png\",\"contentUrl\":\"https:\/\/prettybooks.com\/magazine\/wp-content\/uploads\/2020\/07\/pb_accounting-firms.png\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/#webpage\",\"url\":\"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/\",\"name\":\"Small Business Bookkeeping: Best Practices to Grow Your Organization\",\"isPartOf\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/prettybooks.com\/magazine\/2019\/05\/10\/small-business-bookkeeping-best-practices-for-growing-your-organization\/#primaryimage\"},\"datePublished\":\"2019-05-10T08:00:51+00:00\",\"dateModified\":\"2020-07-27T19:54:00+00:00\",\"description\":\"Small business bookkeeping can be tricky, but it\u2019s necessary to keep your operations running smoothly. 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