Bookkeeping for Business Owners

Having served as a CPA in the Metro Atlanta area for almost thirty years, the failure of a business owner to keep adequate books and records is perhaps the most common and perilous of all small business failings.

Whether your business is a million dollars in revenue or a start-up venture in your basement, learning to read your business's vital statistics is critical to your company's profitability and even its very survival. Financial statements act as a warning bell helping the entrepreneur who reads them to become aware of trends, aberrations, calamities and successes. An owner who is well versed in reading and reviewing financials will always have a leg up on those who do not.

The words of the Bible teach us not to lean on our own understanding as by ourselves we are much more probable to wallow because of our limits and our own ineptness and though we are exhorted as Believers to seek wise counsel we are not to unnecessarily lean on others for all of our wisdom. "Plans fail for lack of counsel, but with many advisers they succeed"- (Proverbs 15:22). If our vision is too limited, we are unnecessarily handicapped and need a broader view in order to converse with the very professionals we all so desperately need.

Though a CPA, as a trusted advisor and friend, will dramatically strengthen your decision making ability, having equipped yourself with sufficient knowledge will prove invaluable as you plot your business steps. Being able to avoid miscues that befall your competitors will protect the gift of your business, which God gave you to provide for your family. Having a well-organized and useful set of financial statements will do much to help you make wise and informed decisions that will positively impact the financial affairs of your business both short and long-term. Using the articles below will help you gain the added advantage of useful financial information that you will want to refer to again and again.

Understanding Financial Statements & Bookkeeping for a Small Business

Learn the ABC's of accounting for the business and financial operations of your business. Visit http://www.hiscpa.com/keeping-books.html

Preparing and Reviewing Financial Statements

Financial results of your business are like a doctors chart of their patient, this will help enable you to understand financials and their use. See http://www.hiscpa.com/financial-statements.html

Monitoring Your Books at the End of the Month

Month-end control procedures are critical, as any variance to these will negatively impact the reliability of your internal financial. These are just a few of the tips we give clients each and every day. http://www.hiscpa.com/monthend.html

 To learn more about tax entities and the taxation thereof visit http://www.hiscpa.com/article2.html  There you will also discover a wide host of resources for American Entrepreneurs.

John Dillard is an Christian Speaker/Author and Certified Public Accountant in Duluth, GA. To See how he takes Christ along with him to work visit http://www.hiscpa.com/  and for his latest book Overcoming Life's 9/11's: Job's Journey and a Voice of One: Nehemiah's Prayer visit http://www.john-dillard.com/  or call John Dillard CPA today at 770.814.9304 (All Rights Reserved) Dare to Attempt Something so Great for the Kingdom of God that it is doomed to failure, lest Christ be in it!