____________________________________________________

Not speaking your language?


Hiring a Book Keeping Service

Whether you choose to do your own books and accounting or hire those services out there are a few things you should know first.

A good book keeping service will normally charge you around $200 -500 per month while you are still somewhat small and you can receive: Profit and Loss Statements; Balance Sheets; Bill Paying Services; Checking Account Reconciliation; Journal Reconciliation; Tax Information Preparation; Tax Return Filing; Etc.

If you are inclined to do your own books, that's ok too. Simply use the accounting software such as Quick Books or Microsoft Money. These are available at any Home Depot type office supply house and often may even come as part of the software on your new computer.

You must take this task seriously. If you find yourself slipping behind in your accounting duties it may be time to switch to a bookkeeper. Don't look in the phone book for a bookkeeper. Ask a friend for a referral. Look for an older woman named 'Margaret', 'Rose', 'Loraine', 'Edith', etc.

As your business grows you will need to know where you are at in your true financial health. Just because you have $30,000 in accounts receivables does not mean you can take home a large paycheck next week, it does not even guarantee you can make payroll this week.

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs




__________

Turbo-Charge Your Rollout with ERM

Employees are the often-neglected stakeholders in the success or failure of a CRM (Customer Relationship Management) initiative. But employees don't always resist new ways of... Read More

Employee Surveys: a Strategic Tool for Positive Change

Do you want to measure your workers' level of satisfaction? Or change policies and procedures to make them more effective? Or find out if your... Read More

Tales from the Corporate Frontlines: Ideas for Everyday Training

This article relates to the Training competency, commonly evaluated in employee satisfaction surveys. It tells the story of a group of team leaders who worked... Read More

Is Busyness Affecting Your Business?

I'm too busy; I'd love to but I'm very busy; I'll get round to that when I'm not so busy.How often have you said any... Read More

Why Good Enough... Isnt

About a year ago, I had an opportunity to have dinner with the CEO of an engineering startup company in Pennsylvania. As we discussed engineering... Read More

Building the Trust in Your Employees - 12 Easy Tips

In Stephen Covey's great book, "The Seven Habits of Highly Effective People", he talks about the 'emotional bank account', where you have to build a... Read More

The Power of Positive Communication

Communication is the key to your success at work, at play, and at home. Here are six tips that will make a difference in your... Read More