A big topic being discussed nowadays is outsourcing those things that are not your specialty. Outsourcing is a great way for you to spend more time do things that only you should be doing in your business and letting others do the rest. Although this is a great strategy, not everyone will be at a point where they want to or are ready to outsource their bookkeeping. However, if you are going to do your own bookkeeping it is important that you do it right.
Here are three resources you can use to ensure that your "Books" are well kept.
1. Find a blog to follow.
If you are looking for tips on how to correctly account for a financial transaction that has occurred within your business there are bookkeeping blogs that you can follow. Blogs can help you learn processes and procedures to keep your books like a pro. You will learn how to record specific transactions, software tips, and time-saving strategies. You can also find information about software integrations and use add-ons to reduce the amount of manual and duplicate data entry.
2. Join a group.
Many businesses, as you know, are using social media and membership sites a channel to educate their tribe. By joining a group you will be able to ask questions specific to your needs. You will also have the ability to learn from your peers by reviewing questions that they have asked and learning about processes that they have implemented in their business. Groups normally have experts available to answer questions and connect you to the right resources.
3. Take a course.
Enroll in a bookkeeping course to learn the language of accounting. Learn step by step processes to accurately set up your bookkeeping system, reconcile your transactions, and publish your financial reports. Courses may also include a module to help you understand how to read and interpret what story your financial reports are telling you about your business.
The most important thing is that you do not guess at how to do your bookkeeping. If you do not choose to use a resource listed above, at least search the internet for credible resources before you go at it alone. As with any other subject, you need to educate yourself before diving into the unknown.
Here is a list of 9 Bookkeeping Processes You Should Complete At Least Monthly. Download here.