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 Small business bookkeeping is a topic that shouldn't only be addressed during tax time. By taking an all seasons approach to the subject, it becomes even easier to keep the finances of a business organized and focus on the money making part rather than the money organizing part. If you're just getting started when it comes to running a company, the idea of handling your company's financial books may seem daunting right now. Fear not — this article will lay the 3 basic steps you need to take in order to make sure your business's bookkeeping duties are performed perfectly.

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The first step is to be consistent. You want to make sure that if you set up your accounting system, you do it the same way every month. Even moving a set of columns around can cause your system to suffer problems that are highly unnecessary. There's a lot of programs to help you handle your bookkeeping duties if you do not wish to hire outside help to take care of this. The hidden benefit of staying organized is that is you do decide to hire someone else to come in and take care of your bookkeeping, they will be pleased to be handed a neat and orderly system.

The second step is to keep good records. Many businesses miss out on great tax benefits every year merely because there's no record to back up the deductions that they deserve. If there's ever any issue over profits and expenses, having a solid small business bookkeeping system in place makes showing true profits and loss a breeze.

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