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Recent Posts:

  • Quickbooks Purchase Order module on the blink for awhile
  • EDI and your small business
  • Weight loss and work productivity
  • Social media and driving business to you
  • Quickbooks Training offered here
  • What bookkeeping gives to your business
  • Tax preparation services offered for startups, small businesses and individuals
  • Small business in a microcosm

    • Small business owners: keep your business finances separate from personal

    Do you know what's fairly typical of a small business operator?  Personal transactions in their business banking accounts.  I'm not saying it's right, just what I tend to see more often than not when we perform bookkeeping services for a client.
     
    What's funny about those transactions is they are usually small amounts but are many in volume.  I suppose the business owner figures it's all the same since he or she owns the business but it's not.  For one, running personal transactions without regard to a spending limit starves the business of cash flow for expansion and weathering the slow times in the course of a year.
     
    Create a budget for your business and stick to it.  Place spending limits for draws out of your business account and try to limit yourself to one check a month for your personal household budget.  Live under your means and help increase the odds that your business will be there for you tomorrow and into the future.
     
    I am a CPA in San Antonio and serve individuals and small businesses in San Antonio and surrounding areas.  We provide bookkeeping, payroll, taxes and more.  Give us a call for a free initial visit.
    Richard J. Garcia | 07/14/2010