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Bookkeeping for Small Businesses

Bookkeeping Help Blog


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Year End Work

Posted on April 5, 2013 at 5:23 PM Comments comments (3)
Well, it is almost April 15th!
Hopefully all you small business owners have everything gathered up and ready for your CPA or tax preparer.
Here is a list of what you will need for your CPA or tax preparer, of course your CPA or tax preparer will probably have questions and add to this but this is a start.
A Jan - Dec  Profit and Loss Statement (with all bank accounts and credit card accounts reconciled)
A Dec 31st Balance Sheet
A copy of any 1099's that your company has sent out
If you have payroll:
A copy of any W2's that your company has sent out
A copy of all quarterly payroll tax filing
If anyone has any questions as to what these reports are or needs help getting these reports please feel free to ask me.  I will do my best to provide what help you need.

Reconcile those accounts

Posted on February 27, 2013 at 1:29 PM Comments comments (13)
The one thing I see that business owners are not doing is reconciling the bank statements and the credit card statements.
The only way to catch any mistakes, things left out or duplicates of an entry, is to reconcile.
In order to reconcile you must have a copy of your bank statement to work with.
If anyone has any questions I would be happy to answer them regarding this or any other bookkeeping need.

Year End

Posted on December 11, 2012 at 11:45 PM Comments comments (0)
After everything is reconciled for the year, don't forget W-2's and 1099's still need to be processed in Jan.  Be sure everyone's social security number or EIN (employer identification number) are correct and that you have the most current address for each employee and contract laborer.

Year End Accounting

Posted on December 29, 2011 at 6:50 PM Comments comments (17)
It is getting to be that time of year again.  Things to think about for year end:
  • Make sure all employees addresses and social security numbers are correct in your bookkeeping system.
  • Make sure all Contract labor personnel addresses and EIN/Social Security numbers are correct in your bookkeeping system.
  • Reconcile all bank statements and credit card statements for the year.
  • Enter all additional expenses that are not on the bank statement or credit card statement in your bookkeeping system.
  • Check with your CPA to see if there is anything specific to your industry that needs to be accounted for.
With this list you should be ready to give your CPA your financial statements.  If there as anything that MS Bookkeeping Services can do to help with any or all of these tasks please give us a call @952-451-1722

Quarterly Payroll Tax filing

Posted on September 9, 2011 at 10:38 PM Comments comments (100)
Here it is September 9th.  Payroll taxes are due next week.  In October Quarterly Payroll tax returns need to be filed.
If you need help filling out these returns or making sure you are paying the correct amounts give me a call or send me an email.  I am in the business of helping people.


Posted on March 9, 2011 at 5:21 PM Comments comments (0)
Ok, so it is now March.  Deadline for yearly tax return is April 15, it may be extended by a few days this year.  Keep on top of your quarterly payroll tax reporting that is due April 15.  If I can be of assistance with getting your business ready for your CPA's requirements for tax filing or filing the quarterly payroll tax reports, please call me, I will gladly assist you.

W-2 and 1099 Filing

Posted on January 14, 2011 at 6:09 PM Comments comments (1)
The deadline for W-2 and 1099 Filing is Jan 31. 
The W-2's going out to employees must be postmarked no later than Jan 31.  Also, the 1099's going out to Contract Labor personnel must be postmarked no later than Jan 31.

Bookkeeping Tips

Posted on December 28, 2010 at 5:58 PM Comments comments (115)
I'm starting a blog on bookkeeping tips, if anyone has suggestions for topics or questions that they need help with, please feel free to comment and I will answer in plain English that everyone can understand.

My first tip is: 

Be sure to have all of your Employee's names, addresses and social security numbers listed correctly for W-2 filing.