Friday, September 3, 2010

What forms should I use to keep bookkeeping straight for accountant?

I was wondering what types of forms or sheets should I used to keep all of my records for a retail store? Should I keep a daily cash sheet and organize them by month to then turn over to my account? Should I keep a daily balance sheet… etc? I want to keep all of the records in an organized, coherent manner to make it easier for my accountant to then look at and pull the information to prepare taxes, etc. Any suggestions would be great!

Why do Democrats want to raise American citizen's taxes, while they avoid paying theirs?

Lawyers for Mr. Rangel have said that sloppy bookkeeping led him to file incomplete or inaccurate financial disclosure forms.

What is the importance of bookkeeping?

How can it help us in our business?

Suggestion:

Bookkeeping is the catagorizing and recording of financial data. Each transaction or acitivty must be posted to the proper general ledger account. The general ledger is used to to prepare Profit & Loss statements which tell you if you are making or losing money in a certain accounting period. The general ledger also produces the Balance Sheet which show the company's assets, liabilities and equity. The GL also produces a cash flow statements which is analyzed by management and used as a guage in making important decisions. These three financial reports are supposed to show the true financial condition of the company. Extremely important decisions are made by managment from these financial statements and they must be accurate.

need a professional unique business name for bookkeeping business?

starting a small home based bookkeeping business. Need a professional, unique name for it.

Suggestion: