Quick Bookkeeping Tip #1
Bookkeeping for your small business can be extremely time consuming, so here is a quick bookkeeping tip to make life easier.
Bookkeeping Tip #1: Keep your books up-to-date by entering your business receipts daily!
We know that entering your receipts daily sounds like it would be a lot of work, but it does not have to be if you utilize technology. If you already use QuickBooks Online, download the free companion app from Google Play or the App Store. Log into the app, snap a photo of the receipt and upload it directly to QuickBooks Online. If you need more advanced features, such as automatic document retrieval, take a look at either HubDoc or ReceiptBank.
As you begin the process of scanning receipts, figure out a system that works for you. I try to scan my receipts while waiting at the coffee shop, or while I watch television at night. Once you develop the habit of scanning receipts, it only takes minutes a day.
With your receipts attached to your transactions and safely stored in QuickBooks, you no longer have to hold onto shoeboxes of receipts! The IRS accepts scanned back up documents in case of an audit, so no worrying.
Not sure which app is right for you? C2 Accounting can help you figure out the right app, as well as a process that works for YOUR business.