Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A significant part of a business is accounting. Depending on the volume of your business, a major challenge may be making sure that your accounts are up to date. The following contributed post is entitled, 3 Ways To Ensure Your Accounts Are Up To Date.
* * *
When you’re a business owner, making sure your accounts are up to date is one of the most important things you’ll do. This ensures you’re paying the right taxes and claiming the right expenses, and that everything is above board. It can be difficult to do this, and it can take a lot of time that you simply don’t have if you’re doing it inefficiently. Below, you’ll find 3 ways you can ensure your accounts are up to date:
1. Use An App
Start by using an app. An app like Quikbooks can be a huge help and can help you to keep track of absolutely everything so that you don’t need to worry about missing anything out or forgetting anything. Although it may cost a little, there are free apps available for when you’re just starting out.
2. Outsource
Alternatively, you can outsource your accounts to another company. This way, it’s not taking up any of your valuable time and you’re still free to do what you’re best at.
3. Hire In House
Alternatively, you could hire an accountant or accounting team in house to take care of everything for you. However, if you do decide to hire, then it’s a good idea to be aware of the trends in accounting so you can make the right decision. The infographic below will help clue you in so you can decide exactly what you want to do.
credit to
University of Alabama Birmingham
Author: anwaryusef
Anwar Y. Dunbar is a Regulatory Scientist. Being a naturally curious person, he is also a student of all things. He earned his Ph.D. in Pharmacology from the University of Michigan and his Bachelor’s Degree in General Biology from Johnson C. Smith University (JCSU). Prior to starting the Big Words Blog Site, Anwar published and contributed to numerous research articles in competitive scientific journals reporting on his research from graduate school and postdoctoral years. After falling in love with writing, he contributed to the now defunct Examiner.com, and the Edvocate where he regularly wrote about: Education-related stories/topics, Science, Technology, Engineering and Mathematics (STEM), Financial Literacy; as well as conducted interviews with notable individuals such as actor and author Hill Harper. Having many influences, one of his most notable heroes is author, intellectual and speaker, Malcolm Gladwell, author of books including Outliers and David and Goliath.
Anwar has his hands in many, many activities. In addition to writing, Anwar actively mentors youth, works to spread awareness of STEM careers, serves on the Board of Directors of the Friends of the David M. Brown Arlington Planetarium, serves as Treasurer for the JCSU Washington, DC Alumni Chapter, and is active in the Dave Ramsey Financial Peace Ministry at the Alfred Street Baptist Church. He also tutors in the subjects of biology, chemistry and physics.
Along with his multi-talented older brother Amahl Dunbar (designer of the Big Words logos, inventor and a plethora of other things), Anwar is a “Fanboy” and really enjoys Science-Fiction and Superhero movies including but not restricted to Captain America Civil War, Batman vs. Superman: Dawn of Justice, and Prometheus. He is a proud native of Buffalo, NY.
View all posts by anwaryusef
