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Small business bookkeeping checklist - BookkeeperLive

Managing your small businessu2019s finances efficiently starts with a solid bookkeeping checklist. Begin by setting up a system for tracking all income and expenses, ensuring that every transaction is recorded accurately and categorized correctly.

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Small business bookkeeping checklist - BookkeeperLive

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  1. Small Business Bookkeeping Checklist

  2. 1 Organize and maintain financial records. 2 Separate Business and Personal Business. 3 Track Income and Expenses.

  3. 4 Use Accounting Software. 5 Create a Chart of Accounts. 6 Reconcile Bank Statements.

  4. Track Accounts Receivables and Accounts Payable. 7 8 General Financial Statements. 9 Stay Compliant with Tax Obligations.

  5. 10 Monitor Cash Flow. 11 Keep Backup of Financial Records.

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